| Avonhurst Accountancy Services Limited |
| Registered number: |
07677593 |
| Balance Sheet |
| as at 30 June 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
918 |
|
|
257 |
|
| Current assets |
| Debtors |
4 |
|
24,651 |
|
|
15,654 |
| Cash at bank and in hand |
|
|
40,921 |
|
|
37,904 |
|
|
|
65,572 |
|
|
53,558 |
|
| Creditors: amounts falling due within one year |
5 |
|
(22,727) |
|
|
(26,862) |
|
| Net current assets |
|
|
|
42,845 |
|
|
26,696 |
|
| Total assets less current liabilities |
|
|
|
43,763 |
|
|
26,953 |
|
|
| Provisions for liabilities |
|
|
|
(174) |
|
|
(49) |
|
|
| Net assets |
|
|
|
43,589 |
|
|
26,904 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
43,587 |
|
|
26,902 |
|
| Shareholders' funds |
|
|
|
43,589 |
|
|
26,904 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Paul Day |
| Director |
| Approved by the board on 29 June 2020 |
|
| Avonhurst Accountancy Services Limited |
| Notes to the Accounts |
| for the year ended 30 June 2019 |
|
|
| 1 |
Accounting policies |
|
|
Statement of compliance |
|
The accounts have been prepared in accordance with FRS 102, Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
|
|
Revenue Recognition |
|
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 3 years |
|
Fixtures and fittings |
over 5 years |
|
|
Taxation |
|
Taxation represents the sum of tax currently payable and deferred tax. |
|
|
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
|
|
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be avaliable to allow all or part of the asset to be recovered. |
|
|
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted by the end of the reporting period. |
|
|
Leased assets |
|
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. |
|
|
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis. |
|
| 1 |
Accounting policies (continued) |
|
|
Pensions |
|
The company operates a defined contribution pension scheme, Avonhurst Accountancy Services Limited Pension Scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery |
|
Fixtures and fittings |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2018 |
2,881 |
|
840 |
|
3,721 |
|
Additions |
1,254 |
|
- |
|
1,254 |
|
At 30 June 2019 |
4,135 |
|
840 |
|
4,975 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2018 |
2,624 |
|
840 |
|
3,464 |
|
Charge for the year |
593 |
|
- |
|
593 |
|
At 30 June 2019 |
3,217 |
|
840 |
|
4,057 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2019 |
918 |
|
- |
|
918 |
|
At 30 June 2018 |
257 |
|
- |
|
257 |
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
18,729 |
|
12,240 |
|
Other debtors |
5,922 |
|
3,414 |
|
|
|
|
|
|
24,651 |
|
15,654 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
3,519 |
|
2,825 |
|
Taxation and social security costs |
18,152 |
|
24,037 |
|
Other creditors |
1,056 |
|
- |
|
|
|
|
|
|
22,727 |
|
26,862 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Pension commitments |
|
|
The company operates a defined contribution pension scheme, Avonhurst Accountancy Services Limited Pension Scheme, for the directors'. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £NIL were due to the fund. |
|
|
| 7 |
Other financial commitments |
2019 |
|
2018 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
15,750 |
|
21,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Avonhurst Accountancy Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
First Floor |
|
5 High Street |
|
Westbury-on-Trym |
|
Bristol |
|
BS9 3BY |
