Avicam Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04017395 (England and Wales)

AVICAM HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2016 TO 31 MAY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Bush

D T Healy

REGISTERED OFFICE:

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

REGISTERED NUMBER:

04017395 (England and Wales)

ACCOUNTANTS:

HPCA Limited

Chartered Accountants

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

FIXED ASSETS

Tangible assets

4

9,382

15,012

CURRENT ASSETS

Debtors

5

615,165

1,296,929

Cash at bank and in hand

139,410

103,800

754,575

1,400,729

CREDITORS

Amounts falling due within one year

6

581,130

1,215,574

NET CURRENT ASSETS

173,445

185,155

TOTAL ASSETS LESS CURRENT LIABILITIES

182,827

200,167

PROVISIONS FOR LIABILITIES

41,061

75,989

NET ASSETS

141,766

124,178

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

141,666

124,078

SHAREHOLDERS' FUNDS

141,766

124,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 February 2019 and were signed on its behalf by:

D T Healy - Director

1.	STATUTORY INFORMATION

Avicam Homes Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

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.

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 profit or loss in the period to which they relate.

Finance costs

A proportion of interest on borrowed capital has been capitalised and included in the valuation of stocks.

Maintenance costs

Building contracts usually have a twenty four month maintenance contract which runs from completion of the

project. Provision is made for these additional maintenance coss based on the current level of costs incurred post

balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2016 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2016

and 31 May 2018

56,404

41,372

40,724

138,500

DEPRECIATION

At 1 December 2016

53,347

29,813

40,328

123,488

Charge for period

1,146

4,335

149

5,630

At 31 May 2018

54,493

34,148

40,477

129,118

NET BOOK VALUE

At 31 May 2018

1,911

7,224

247

9,382

At 30 November 2016

3,057

11,559

396

15,012

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Trade debtors

214,382

369,350

Other debtors

24,793

-

Tax

-

13,303

VAT

-

19,188

Accrued income

375,990

895,088

615,165

1,296,929

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Trade creditors

370,395

707,890

Social security and other taxes

8,411

15,833

VAT

6,988

-

Other creditors

65,565

340,525

Directors' current accounts

117,771

113,531

Accrued expenses

12,000

37,795

581,130

1,215,574

7.	RELATED PARTY DISCLOSURES

The director of Avicam Ltd is a director and shareholder of Technik Recruitment Ltd and Avina Estates Ltd.

At the end of the year the company owed £64,566 (2016:£64,566) to Avina Estates Ltd and was owed £23,517 from

Technik Recruitment Ltd

The loans are interest free and payable on demand.