Abbreviated Company Accounts - AVOLVA DIGITAL LTD

Abbreviated Company Accounts - AVOLVA DIGITAL LTD

AVOLVA DIGITAL LTD - Company Information

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Registered Number 04517778

AVOLVA DIGITAL LTD

Abbreviated Accounts

31 August 2014

AVOLVA DIGITAL LTD Registered Number 04517778

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 9,164 7,500
Tangible assets 3 1,508 1,015
Investments - -
10,672 8,515
Current assets
Stocks - -
Debtors 15,322 8,439
Investments - -
Cash at bank and in hand 35,439 55,151
50,761 63,590
Prepayments and accrued income - -
Creditors: amounts falling due within one year (10,960) (14,028)
Net current assets (liabilities) 39,801 49,562
Total assets less current liabilities 50,473 58,077
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities (634) 0
Accruals and deferred income 0 0
Total net assets (liabilities) 49,839 58,077
Capital and reserves
Called up share capital 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 49,739 57,977
Shareholders' funds 49,839 58,077
  • For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 May 2015

And signed on their behalf by:
Mr John Hampson, Director

AVOLVA DIGITAL LTD Registered Number 04517778

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets
£
Cost
At 1 September 2013 7,500
Additions 1,740
Disposals 0
Revaluations 0
Transfers 0
At 31 August 2014 9,240
Amortisation
At 1 September 2013 0
Charge for the year 76
On disposals 0
At 31 August 2014 76
Net book values
At 31 August 2014 9,164
At 31 August 2013 7,500
3Tangible fixed assets
£
Cost
At 1 September 2013 1,354
Additions 930
Disposals 0
Revaluations 0
Transfers 0
At 31 August 2014 2,284
Depreciation
At 1 September 2013 339
Charge for the year 437
On disposals 0
At 31 August 2014 776
Net book values
At 31 August 2014 1,508
At 31 August 2013 1,015