Avalon Sustainable Energy Solutions Ltd - Limited company - abbreviated - 11.6
Avalon Sustainable Energy Solutions Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 October 2014 |
| for |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 October 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD |
| Company Information |
| for the year ended 31 October 2014 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Abbreviated Balance Sheet |
| 31 October 2014 |
| 31.10.14 | 31.10.13 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 2 |
| Investments | 3 |
| Current assets |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 4 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 5 |
| Profit and loss account |
| Shareholders' funds |
| 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. |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Abbreviated Balance Sheet - continued |
| 31 October 2014 |
| The financial statements were approved by the Board of Directors on |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 2014 |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| 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. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 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. |
| Going concern |
| The company's balance sheet is showing net current liabilities. The company is dependent on the financial |
| support of its related parties and on the careful management of its resources. On the basis of continued |
| support from its related parties the going concern basis has been adopted in the preparation of the financial |
| statements. |
| Freehold property |
| No depreciation has been provided on the freehold property on the basis that it continues to be maintained to a |
| high level. This policy will be reviewed by the directors on an ongoing basis. |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 October 2014 |
| 2. | Tangible fixed assets |
| Total |
| £ |
| Cost |
| At 1 November 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2014 |
| Depreciation |
| At 1 November 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2014 |
| Net book value |
| At 31 October 2014 |
| At 31 October 2013 |
| 3. | Fixed asset investments |
| Investments |
| other |
| than |
| loans |
| £ |
| Cost |
| Additions | 600,000 |
| At 31 October 2014 | 600,000 |
| Net book value |
| At 31 October 2014 |
| 4. | Creditors |
| Creditors include an amount of £ |
| 5. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.14 | 31.10.13 |
| value: | £ | £ |
| Ordinary | £1 |
| AVALON SUSTAINABLE ENERGY SOLUTIONS LTD (REGISTERED NUMBER: 07144139) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 October 2014 |
| 6. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 October 2014 and |
| 31 October 2013: |
| 31.10.14 | 31.10.13 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) |