AV Niche (Recording Systems) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03111430 (England and Wales)

AV NICHE (RECORDING SYSTEMS) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JULY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr N A Holmes

Mr S A Beck

SECRETARY:

Mr N A Holmes

REGISTERED OFFICE:

22 The Ropewalk

Nottingham

Nottinghamshire

NG1 5DT

REGISTERED NUMBER:

03111430 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young

Chartered Accountants

22 The Ropewalk

Nottingham

NG1 5DT

FIXED ASSETS

Intangible assets

2

22,900

23,359

Tangible assets

3

4,704

6,924

Investments

4

25

25

27,629

30,308

CURRENT ASSETS

Stocks

208,945

15,117

Debtors

404,359

239,073

Cash at bank

165,400

7,579

778,704

261,769

CREDITORS

Amounts falling due within one year

538,401

215,862

NET CURRENT ASSETS

240,303

45,907

TOTAL ASSETS LESS CURRENT LIABILITIES

267,932

76,215

PROVISIONS FOR LIABILITIES

2,500

-

NET ASSETS

265,432

76,215

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Profit and loss account

255,432

66,215

SHAREHOLDERS' FUNDS

265,432

76,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13th February 2015 and were signed on its behalf by:

Mr N A Holmes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Patents and licences

Patents and licences are being written off evenly over their estimated useful life of twenty years.

Tangible fixed assets

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

Equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the

treatment of certain items for taxation and accounting purposes. The deferred tax balance has not

been discounted.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2013

45,935

Additions

1,752

At 31st July 2014

47,687

AMORTISATION

At 1st August 2013

22,576

Amortisation for year

2,211

At 31st July 2014

24,787

NET BOOK VALUE

At 31st July 2014

22,900

At 31st July 2013

23,359

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2013

64,963

Disposals

(6,319

)

At 31st July 2014

58,644

DEPRECIATION

At 1st August 2013

58,039

Charge for year

1,518

Eliminated on disposal

(5,617

)

At 31st July 2014

53,940

NET BOOK VALUE

At 31st July 2014

4,704

At 31st July 2013

6,924

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st August 2013

and 31st July 2014

25

NET BOOK VALUE

At 31st July 2014

25

At 31st July 2013

25

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

1

10,000

10,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2014 and

31st July 2013:

2014

2013

£

£

Mr N A Holmes

Balance outstanding at start of year

22,521

23,541

Amounts advanced

460

-

Amounts repaid

(1,483

)

(1,020

)

Balance outstanding at end of year

21,498

22,521