| Avonhurst Accountancy Services Limited |
| Registered number: |
07677593 |
| Balance Sheet |
| as at 30 June 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
- |
|
|
1,500 |
| Tangible assets |
4 |
|
|
788 |
|
|
1,418 |
|
|
|
|
788 |
|
|
2,918 |
|
| Current assets |
| Debtors |
5 |
|
18,994 |
|
|
14,071 |
| Cash at bank and in hand |
|
|
25,172 |
|
|
15,095 |
|
|
|
44,166 |
|
|
29,166 |
|
| Creditors: amounts falling due within one year |
6 |
|
(19,557) |
|
|
(20,451) |
|
| Net current assets |
|
|
|
24,609 |
|
|
8,715 |
|
| Net assets |
|
|
|
25,397 |
|
|
11,633 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
25,395 |
|
|
11,631 |
|
| Shareholders' funds |
|
|
|
25,397 |
|
|
11,633 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Vanessa Lawson |
| Director |
| Approved by the board on 15 August 2017 |
|
|
| The notes on pages 5 - 8 form part of these financial statements. |
|
| Avonhurst Accountancy Services Limited |
| Notes to the Accounts |
| for the year ended 30 June 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
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 |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
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. |
|
|
|
| 2 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 July 2016 |
7,500 |
|
Disposals |
(7,500) |
|
At 30 June 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2016 |
6,000 |
|
On disposals |
(6,000) |
|
At 30 June 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2017 |
- |
|
At 30 June 2016 |
1,500 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery |
|
Fixtures and fittings |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2016 |
3,784 |
|
840 |
|
4,624 |
|
At 30 June 2017 |
3,784 |
|
840 |
|
4,624 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2016 |
2,520 |
|
686 |
|
3,206 |
|
Charge for the year |
476 |
|
154 |
|
630 |
|
At 30 June 2017 |
2,996 |
|
840 |
|
3,836 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2017 |
788 |
|
- |
|
788 |
|
At 30 June 2016 |
1,264 |
|
154 |
|
1,418 |
|
|
| 5 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
17,161 |
|
9,100 |
|
Other debtors |
1,833 |
|
4,971 |
|
|
|
|
|
|
18,994 |
|
14,071 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
682 |
|
4,346 |
|
Corporation tax |
13,387 |
|
8,846 |
|
Other taxes and social security costs |
5,488 |
|
4,259 |
|
Other creditors |
- |
|
3,000 |
|
|
|
|
|
|
19,557 |
|
20,451 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other financial commitments |
2017 |
|
2016 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
26,250 |
|
4,800 |
|
|
|
|
|
|
|
|
|
|
| 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 |
