AVTRAC_ENGINEERING_LIMITE - Accounts
AVTRAC_ENGINEERING_LIMITE - Accounts
Company Registration No. 07621692 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2014
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY ACCOUNTS OF AVTRAC ENGINEERING LIMITED
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avtrac Engineering Limited for the year ended 31 May 2014 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc.
It is your duty to ensure that Avtrac Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Avtrac Engineering Limited. You consider that Avtrac Engineering Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Avtrac Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Fairman Keable
Chartered Certified Accountants
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2014
- 2 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
Current assets
Stocks
-
Debtors
Creditors: amounts falling due within one year
(15,604 )
(26,336 )
Net current liabilities
(10,389 )
(20,823 )
Total assets less current liabilities
(10,389 )
(20,356 )
Capital and reserves
Called up share capital
3
Profit and loss account
(10,489 )
(20,456 )
Shareholders' funds
(10,389 )
(20,356 )
Approved by the Board for issue on 25 February 2015
Director
Company Registration No. 07621692
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Computer equipment & Software
1.5
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a subsidiary undertaking of Avtrac Limited, a company incorporated in England & Wales.
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2013 & at 31 May 2014
1,403
Depreciation
At 1 June 2013
935
Charge for the year
468
At 31 May 2014
1,403
Net book value
At 31 May 2014
-
At 31 May 2013
467
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2014
- 4 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
4
Ultimate parent company
The ultimate parent company is Avtrac Limited, a company registered in England and Wales.