Avbuyer Ltd - Accounts to registrar (filleted) - small 18.2

Avbuyer Ltd - Accounts to registrar (filleted) - small 18.2

AVBUYER LTD - Company Information

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REGISTERED NUMBER: 03076494 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

Avbuyer Ltd
MHR Consultancy Limited
Minster House, 126a High St
Whitton
Twickenham
Middlesex
TW2 7LL








Avbuyer Ltd (Registered number: 03076494)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2020




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Avbuyer Ltd

COMPANY INFORMATION
for the Year Ended 30 September 2020







DIRECTOR: J P Brennan





REGISTERED OFFICE: Avbuyer House, 34a High Street
High Street
Thames Ditton
Surrey
KT7 0RY





REGISTERED NUMBER: 03076494 (England and Wales)





ACCOUNTANTS: MHR Consultancy Limited
Minster House, 126a High St
Whitton
Twickenham
Middlesex
TW2 7LL
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AVBUYER LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avbuyer Ltd for the year ended 30 September 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of Avbuyer Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Avbuyer Ltd and state those matters that we have agreed to state to the director of Avbuyer Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Avbuyer Ltd 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 Avbuyer Ltd. You consider that Avbuyer Ltd 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 Avbuyer Ltd. 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 financial statements.






MHR Consultancy Limited
Minster House, 126a High St
Whitton
Twickenham
Middlesex
TW2 7LL


Date: .............................................

This page does not form part of the statutory financial statements

Page 2
Avbuyer Ltd (Registered number: 03076494)

BALANCE SHEET
30 September 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 508,176 522,392
Investments 5 57,500 57,500
565,676 579,892

CURRENT ASSETS
Debtors 6 475,322 491,370
Cash at bank and in hand 1,853,489 1,560,804
2,328,811 2,052,174
CREDITORS
Amounts falling due within one year 7 459,879 510,931
NET CURRENT ASSETS 1,868,932 1,541,243
TOTAL ASSETS LESS CURRENT LIABILITIES 2,434,608 2,121,135

CAPITAL AND RESERVES
Called up share capital 6,950 6,950
Share premium 93,500 93,500
Capital redemption reserve (343,640 ) (343,640 )
Retained earnings 2,677,798 2,364,325
2,434,608 2,121,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2021 and were signed by:





J P Brennan - Director


The notes form part of these financial statements

Page 3
Avbuyer Ltd (Registered number: 03076494)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

Avbuyer Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2019 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2019 540,491 126,823 667,314
Additions - 605 605
At 30 September 2020 540,491 127,428 667,919
DEPRECIATION
At 1 October 2019 42,596 102,326 144,922
Charge for year 10,810 4,011 14,821
At 30 September 2020 53,406 106,337 159,743
NET BOOK VALUE
At 30 September 2020 487,085 21,091 508,176
At 30 September 2019 497,895 24,497 522,392

Page 4 continued...
Avbuyer Ltd (Registered number: 03076494)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2020

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2019
and 30 September 2020 57,500
NET BOOK VALUE
At 30 September 2020 57,500
At 30 September 2019 57,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors 248,881 291,118
Other debtors 226,441 200,252
475,322 491,370

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade creditors 116,551 90,000
Taxation and social security 74,299 101,116
Other creditors 269,029 319,815
459,879 510,931

Page 5