Avalon Sustainable Energy Solutions Ltd - Accounts to registrar (filleted) - small 18.2
Avalon Sustainable Energy Solutions Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2019 |
| for |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Contents of the Financial Statements |
| for the year ended 31 October 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD |
| Company Information |
| for the year ended 31 October 2019 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Coopers House |
| 65a Wingletye Lane |
| Hornchurch |
| Essex |
| RM11 3AT |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Balance Sheet |
| 31 October 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 7 |
| Retained earnings |
| Shareholders' funds |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved and authorised for issue by the director and authorised for issue on |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Notes to the Financial Statements |
| for the year ended 31 October 2019 |
| 1. | Statutory information |
| Avalon Sustainable Energy Solutions Ltd is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Key source of estimation, uncertainty and judgement |
| The preparation of financial statements in conformity with generally accepted accounting practice requires |
| management to make estimates and judgement that affect the reported amounts of assets and liabilities as well |
| as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of |
| revenues and expenses during the reporting period. |
| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out |
| by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as |
| possible, there remains a risk that the policy does not match the useful life of the assets. |
| There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out |
| by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, |
| there remains a risk that the provisions do not match the actual tax liability when asset is disposed off. |
| There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is |
| carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are |
| as accurate as possible, there remains a risk that the provisions do not match the level of debts which |
| ultimately prove to be uncollectable. |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2019 |
| 2. | Accounting policies - continued |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a |
| party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial |
| recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the |
| effective interest rate method. A provision is established when there is objective evidence that the company will |
| not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank |
| and bank overdrafts. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the |
| substance of the contractual arrangements entered into and the definitions of a financial liability and an equity |
| instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company |
| after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds |
| received, net of direct issue costs. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 November 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 October 2019 |
| Depreciation |
| At 1 November 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2019 |
| Net book value |
| At 31 October 2019 |
| At 31 October 2018 |
| 5. | Debtors |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2019 |
| 5. | Debtors - continued |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Other debtors |
| Aggregate amounts |
| 6. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 8. | Director's advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 October 2019 and |
| 31 October 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 9. | Ultimate controlling party |
| The company is controlled by Mr P Boyce through his 100% ownership of the company's shares. |