AVANTI 2020 LIMITED Accounts filed on 31-12-2014
AVANTI 2020 LIMITED Accounts filed on 31-12-2014
AVANTI 2020 LIMITED
Company Registration Number:
02959881 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st January 2014
End date: 31st December 2014
SUBMITTED
AVANTI 2020 LIMITED
Company Information
for the Period Ended
31st December 2014
Director: |
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Company secretary: |
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Registered office: |
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Wiltshire | ||
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GB-ENG | ||
Company Registration Number: |
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AVANTI 2020 LIMITED
Abbreviated Balance sheet
As at 31st December 2014
Notes | 2014 £ |
2013 £ |
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Fixed assets | |||
Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 7 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 8 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 9 |
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Total net assets (liabilities): | ( |
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The notes form part of these financial statements
AVANTI 2020 LIMITED
Abbreviated Balance sheet
As at 31st December 2014
continued
Notes | 2014 £ |
2013 £ |
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Capital and reserves | |||
Called up share capital: | 10 |
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Profit and Loss account: | ( |
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Total shareholders funds: | ( |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Robert J Twiddy
Status: Director
The notes form part of these financial statements
AVANTI 2020 LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Turnover policy
Turnover represents net invoiced fees for services provided excluding VAT. Tangible fixed assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Computer equipment - 33% straight line Fixtures, fittings and equipment - 25% reducing balance Motor vehicles - 25% reducing balance Other accounting policies
Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different to those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax law and rates. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
AVANTI 2020 LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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5. Tangible assets
Total Cost £ At 01st January 2014: 67,349 Disposals: 3,995 At 31st December 2014: 63,354 Depreciation At 01st January 2014: 59,354 Charge for year: 1,067 On disposals: 995 At 31st December 2014: 59,426 Net book value At 31st December 2014: 3,928 At 31st December 2013: 7,995
AVANTI 2020 LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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7. Debtors
2014
£2013
£Other debtors: 34,290 31,295 Total: 34,290 31,295
AVANTI 2020 LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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8. Creditors: amounts falling due within one year
2014
£2013
£Trade creditors: 406 2,537 Taxation and social security: 175 4,282 Accruals and deferred income: 2,420 3,620 Total: 3,001 10,439
AVANTI 2020 LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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9. Creditors: amounts falling due after more than one year
2014
£2013
£Other creditors: 228,145 217,789 Total: 228,145 217,789
AVANTI 2020 LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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12. Related party disclosures
Name of the ultimate controlling party during the period: R J Twiddy Name of related party: R J Twiddy Relationship: Director Description of the transaction: Loan to the company Balance at 01st January 2014 217,789 Balance at 31st December 2014 228,145