Vivid Components LimitedLiquidiert

Vivid Components Limited

Paderborn

Jahresabschluss zum 31. Dezember 2013

Abbreviated Annual Report Year Ended 31 December 2013

Company Registration Number 04354855

Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

Abbreviated Balance Sheet 31 December 2013

For the year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 28-JUL-2014, and ar€ signed on their behalf by:

The notes on pages 2 to 3 form part of these abbreviated accounts.

Notes to the Abbreviated Accounts Year Ended 31 December 2013

1. Accounting Policies

(a) Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

(b) Turnover

Turnover represents revenue earned during the period exclusive of value added tax

(c) Fixed assets

All fixed assets are in initially recorded at cost.

(d) Depreciation

Depreciation is calculated so as to write off the cost of an asset, lens its estimated residual value, over the useful economic life of that asset as follows:

(e) Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits an a straight line basis over the period of the lease.

(f) Foreign currencies

Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

(g) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity Instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(h) Government grants

European grants are recognised in the accounts in the year in which the income relates to. Income relating to future years is carried forward as deferred income.

2. Fixed Assets

3. Transactions With the Directors

At 31 December 2013, the director Mr B Napier owed € 43,778 (2012: € 80,000) to the company. There is a formal loan agreement for €40,000 of the loan in place and interest is paid at 4.5% per annum.

4. Share Capital

Allotted, called up and fully paid: