Avie Consulting Limited Filleted accounts for Companies House (small and micro)

AVIE CONSULTING LIMITED - Company Information

13 false false false false false false false false false true false false false false false false 2019-01-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 08325892 2019-01-01 2019-12-31 08325892 2019-12-31 08325892 2018-12-31 08325892 2018-01-01 2018-12-31 08325892 2018-12-31 08325892 core:PlantMachinery 2019-01-01 2019-12-31 08325892 core:FurnitureFittings 2019-01-01 2019-12-31 08325892 bus:Director2 2019-01-01 2019-12-31 08325892 core:PlantMachinery 2018-12-31 08325892 core:FurnitureFittings 2018-12-31 08325892 core:PlantMachinery 2019-12-31 08325892 core:FurnitureFittings 2019-12-31 08325892 core:WithinOneYear 2019-12-31 08325892 core:WithinOneYear 2018-12-31 08325892 core:ShareCapital 2019-12-31 08325892 core:ShareCapital 2018-12-31 08325892 core:RetainedEarningsAccumulatedLosses 2019-12-31 08325892 core:RetainedEarningsAccumulatedLosses 2018-12-31 08325892 core:PlantMachinery 2018-12-31 08325892 core:FurnitureFittings 2018-12-31 08325892 bus:SmallEntities 2019-01-01 2019-12-31 08325892 bus:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 08325892 bus:FullAccounts 2019-01-01 2019-12-31 08325892 bus:SmallCompaniesRegimeForAccounts 2019-01-01 2019-12-31 08325892 bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 08325892 core:ComputerEquipment 2019-01-01 2019-12-31 08325892 core:ComputerEquipment 2018-12-31 08325892 core:ComputerEquipment 2019-12-31

COMPANY REGISTRATION NUMBER: 08325892

Avie Consulting Limited

Filleted unaudited financial statements

31 December 2019

Avie Consulting Limited

Statement of financial position

31 December 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		12,378	9,909

Current assets

Debtors	6	179,281	139,213
Cash at bank and in hand		58,311	309,365
		---------	---------
		237,592	448,578

Creditors: amounts falling due within one year	7	84,859		141,819
		---------		---------
Net current assets			152,733	306,759
			---------	---------
Total assets less current liabilities			165,111	316,668
			---------	---------
Net assets			165,111	316,668
			---------	---------

Capital and reserves

Called up share capital	102	102
Profit and loss account	165,009	316,566
	---------	---------
Shareholders funds	165,111	316,668
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 December 2020 , and are signed on behalf of the board by:

Mr N North

Director

Company registration number: 08325892

Avie Consulting Limited

Notes to the financial statements

year ended 31 December 2019

1. General information

The principal activity of the company is the provision of structural and civil engineering design consultancy and CDM Coordinator services . The company is a private limited company, which is incorporated in England and Wales (no 08325892 ). The address of the registered office is 6 Killingbeck Court, Killingbeck Office Village, Killingbeck Drive, Leeds, LS14 6DF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies .

Revenue recognition

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office equipment	-	25% reducing balance
Fixtures & fittings	-	25% reducing balance
Computer equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2018: 11 ).

5. Tangible assets

Plant and machinery	Fixtures and fittings	Equipment	Total
£	£	£	£

Cost
At 1 January 2019	8,525	4,194	31,957	44,676
Additions	55	1,298	7,347	8,700
	------	------	-------	-------
At 31 December 2019	8,580	5,492	39,304	53,376
	------	------	-------	-------
Depreciation
At 1 January 2019	5,104	2,633	27,030	34,767
Charge for the year	869	592	4,770	6,231
	------	------	-------	-------
At 31 December 2019	5,973	3,225	31,800	40,998
	------	------	-------	-------
Carrying amount
At 31 December 2019	2,607	2,267	7,504	12,378
	------	------	-------	-------
At 31 December 2018	3,421	1,561	4,927	9,909
	------	------	-------	-------

6. Debtors

	2019	2018
	£	£

Trade debtors	93,883	132,769
Amounts owed by group undertakings and undertakings in which the company has a participating interest	75,351	–
Other debtors	10,047	6,444
	---------	---------
	179,281	139,213
	---------	---------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£

Trade creditors	4,806	7,017
Corporation tax	29,400	62,000
Social security and other taxes	45,946	49,646
Other creditors	4,707	23,156
	-------	---------
	84,859	141,819
	-------	---------

8. Directors' advances, credits and guarantees

The company was under the control of the directors throughout the current year.