Avalon Ventilation Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02749282

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

AVALON VENTILATION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P M Thomas

REGISTERED OFFICE:

Unit 11, Trada Business Campus

Stocking Lane

Hughenden Valley

High Wycombe

Buckinghamshire

HP14 4ND

REGISTERED NUMBER:

02749282

ACCOUNTANTS:

RONALD C PHELPS BA FCCA

31 Goddington Road

Bourne End

Buckinghamshire

SL8 5TT

FIXED ASSETS

Tangible assets

2

25,631

28,645

CURRENT ASSETS

Stocks

3,250

3,750

Debtors

129,498

202,632

132,748

206,382

CREDITORS

Amounts falling due within one year

125,421

202,160

NET CURRENT ASSETS

7,327

4,222

TOTAL ASSETS LESS CURRENT LIABILITIES

32,958

32,867

CREDITORS

Amounts falling due after more than one year

(18,048

)

(18,422

)

PROVISIONS FOR LIABILITIES

(3,838

)

(1,229

)

NET ASSETS

11,072

13,216

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

11,070

13,214

SHAREHOLDERS' FUNDS

11,072

13,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 May 2014 and were signed by:

P M Thomas - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

76,722

Additions

20,684

Disposals

(27,425

)

At 31 October 2013

69,981

DEPRECIATION

At 1 November 2012

48,077

Charge for year

8,271

Eliminated on disposal

(11,998

)

At 31 October 2013

44,350

NET BOOK VALUE

At 31 October 2013

25,631

At 31 October 2012

28,645

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

2

Ordinary

1

2

2