Avicam Homes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04017395 (England and Wales)

AVICAM HOMES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S J Bush

D T Healy

REGISTERED OFFICE:

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

REGISTERED NUMBER:

04017395 (England and Wales)

ACCOUNTANTS:

HPCA Limited

Chartered Accountants

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

FIXED ASSETS

Tangible assets

2

8,893

11,858

CURRENT ASSETS

Debtors

1,522,065

1,972,429

Cash at bank and in hand

59,175

80,515

1,581,240

2,052,944

CREDITORS

Amounts falling due within one year

1,215,786

1,729,738

NET CURRENT ASSETS

365,454

323,206

TOTAL ASSETS LESS CURRENT LIABILITIES

374,347

335,064

PROVISIONS FOR LIABILITIES

63,868

76,174

NET ASSETS

310,479

258,890

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

310,379

258,790

SHAREHOLDERS' FUNDS

310,479

258,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 June 2015 and were signed on its behalf by:

D T Healy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

Finance costs

A proportion of interest on borrowed capital has been capitalised and included in the valuation of stocks.

Maintenance costs

Building contracts usually have a twenty four month maintenance contract which runs from completion of the

project. Provision is made for these additional maintenance coss based on the current level of costs incurred post

balance sheet.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

120,705

DEPRECIATION

At 1 December 2013

108,847

Charge for year

2,965

At 30 November 2014

111,812

NET BOOK VALUE

At 30 November 2014

8,893

At 30 November 2013

11,858

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100