AVENUE_PATTERN_COMPANY_LI - Accounts
AVENUE_PATTERN_COMPANY_LI - Accounts
Company Registration No. 00756881 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(106,031 )
(132,567 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
(3,260 )
(7,281 )
Provisions for liabilities
(6,185 )
(4,156 )
349,169
307,139
Capital and reserves
Called up share capital
4
Revaluation reserve
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2015
- 2 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 14 July 2015
Director
Company Registration No. 00756881
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
No depreciation is provided in respect of freehold land, which is valued at £80,743.
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
1.7
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 4 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 May 2014
386,801
Additions
15,703
Disposals
(3,350)
At 30 April 2015
399,154
Depreciation
At 1 May 2014
133,535
On disposals
(1,937)
Charge for the year
10,328
At 30 April 2015
141,926
Net book value
At 30 April 2015
257,228
At 30 April 2014
253,265
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £42,373).
Lloyds TSB plc holds a debenture dated 10th July 1992 which includes a legal charge over 10 Scar Bank, Warwick.
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid