Avondale Consultancy Limited - Period Ending 2019-03-31

Registration number: 10845501

Avondale Consultancy Limited

Annual Report and Unaudited Financial Statements - Companies House Filing

for the Year Ended 31 March 2019

Avondale Consultancy Limited

(Registration number: 10845501)
Statement of Financial Position as at 31 March 2019

	Note	2019 £	2018 £
Current assets
Debtors	4	13,250	-
Cash at bank and in hand		36,796	17,363
		50,046	17,363
Creditors: Amounts falling due within one year	5	(13,970)	(15,281)
Net assets		36,076	2,082
Capital and reserves
Called up share capital		2	2
Profit and loss account		36,074	2,080
Total equity		36,076	2,082

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 4 November 2019 and signed on its behalf by:
 

.........................................

A M Ehinger
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Avondale Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tarrant House
Christchurch Road
Virginia Water
GU25 4BE
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Page 2

Avondale Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2019

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2018 - 2).

4

Debtors

	2019 £	2018 £
Other debtors	13,250	-
	13,250	-

5

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Taxation and social security	9,536	3,071
Accruals and deferred income	1,086	720
Other creditors	3,348	11,490
	13,970	15,281

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