Avenca Limited - Period Ending 2015-06-30

Registration number: 04151672

Avenca Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2015
 

Avenca Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Avenca Limited
(Registration number: 04151672)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,082			643
Current assets
Stocks					2,241			2,241
Debtors					169,520			76,521
Cash at bank and in hand					222,679			183,259
					394,440			262,021
Creditors: Amounts falling due within one year					(194,569)			(129,778)
Net current assets					199,871			132,243
Net assets					200,953			132,886
Capital and reserves
Called up share capital		3			3,004			3,004
Capital redemption reserve					81,998			81,998
Profit and loss account					115,951			47,884
Shareholders' funds					200,953			132,886

Page 1

Avenca Limited
(Registration number: 04151672)
Abbreviated Balance Sheet at 30 June 2015

For the year ending 30 June 2015 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 30 March 2016

N C Baines Director

Page 2

Avenca Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 June 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	15% and 25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Avenca Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 June 2015

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		7,340			7,340
Additions		600			600
At 30 June 2015		7,940			7,940
Depreciation
At 1 July 2014		6,697			6,697
Charge for the year		161			161
At 30 June 2015		6,858			6,858
Net book value
At 30 June 2015		1,082			1,082
At 30 June 2014		643			643

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
'A' ordinary shares of £1 each		3,000			3,000			3,000			3,000
'C' ordinary shares of £1 each		2			2			2			2
'D' ordinary shares of £0.01 each		200			2			200			2
		3,202			3,004			3,202			3,004

Page 4