Aviary Partners Ltd Accounts

AVIARY PARTNERS LTD - Company Information






Aviary Partners Ltd

	Company No. 12095464
		Information for Filing with The Registrar
		Period Ended
		31 July 2020

at	31 July 2020
Company No.		12095464	Notes	2020
				£
Fixed assets

	Tangible assets		4	696


				696
Current assets

	Debtors		5	35,790

	Cash at bank and in hand			393
				36,183
Creditors: Amount falling due within one year			6	(59,823)
Net current liabilities				(23,640)
Total assets less current liabilities				(22,944)




Net liabilities				(22,944)

Capital and reserves
	Called up share capital		7	1



	Profit and loss account		8	(22,945)

Total equity				(22,944)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 20 October 2020
And signed on its behalf by:
R. Patel
Director
20 October 2020

for the period ended 31 July 2020

General information

Its registered number is: 12095464

Its registered office is:

Office 8, No.11 Riverside

Riverside Park

Farnham

Surrey

GU9 7UG

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Going concern

At the balance sheet date the company had net liabilities of £22,944. The ability of the company to continue trading is dependent on the continuing support of the directors and the creditors. The directors are of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support by the directors and the creditors of the company.

Accounting policies

Turnover

Turnover comprises revenue recognised by the company in respect of services provided during the year, adjusted for deferred income, exclusive of Value Added Tax. Revenue is recognised when the right to consideration arises in accordance with the stage of completion of the contract.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33.33% Straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as
reported in the profit and loss account because of items of income or expense that are taxable or
deductible in other years and items that are never taxable or deductible. 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.

Tax for the year is recognised in profit or loss, except when they relate to items that are recognised in
other comprehensive income or directly in equity, in which case, the tax is also recognised in other
comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2020
			Number
		The average number of persons employed during the period :	1

4	Tangible fixed assets
			Furniture, fittings and equipment	Total
			£	£
		Cost or revaluation

		Additions	1,044	1,044



		At 31 July 2020	1,044	1,044
		Depreciation

		Charge for the year	348	348



		At 31 July 2020	348	348
		Net book values
		At 31 July 2020	696	696

5	Debtors
			2020
			£
		Trade debtors	34,500





		Other debtors	606
		Prepayments and accrued income	684
			35,790

6	Creditors:
		amounts falling due within one year
			2020
			£




		Trade creditors	1,852


		Other taxes and social security	5,533
		Loans from directors	8,004

		Accruals and deferred income	44,434
			59,823

7	Share capital
			2020
			£
		100 ordinary shares of £0.01 each	1

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party transactions

At the Balance Sheet date the company owed £8,004 to the directors.