Abbreviated Company Accounts - AVOLVA DIGITAL LTD

AVOLVA DIGITAL LTD - Company Information

Registered Number 04517778

AVOLVA DIGITAL LTD

Abbreviated Accounts

31 May 2015

AVOLVA DIGITAL LTD Registered Number 04517778

Abbreviated Balance Sheet as at 31 May 2015

	Notes	31/05/2015	31/08/2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	1,404	9,164
Tangible assets	3	1,641	1,508
Investments		-	-
		3,045	10,672
Current assets
Stocks		-	-
Debtors		922	15,322
Investments		-	-
Cash at bank and in hand		16,207	35,439
		17,129	50,761
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		0	(10,960)
Net current assets (liabilities)		17,129	39,801
Total assets less current liabilities		20,174	50,473
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	(634)
Accruals and deferred income		0	0
Total net assets (liabilities)		20,174	49,839
Capital and reserves
Called up share capital		100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		20,074	49,739
Shareholders' funds		20,174	49,839

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 August 2015

And signed on their behalf by:
Mr John Hampson, Director

AVOLVA DIGITAL LTD Registered Number 04517778

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

2Intangible fixed assets

	£
Cost
At 1 September 2014	9,240
Additions	-
Disposals	(7,500)
Revaluations	-
Transfers	-
At 31 May 2015	1,740
Amortisation
At 1 September 2014	76
Charge for the year	260
On disposals	-
At 31 May 2015	336
Net book values
At 31 May 2015	1,404
At 31 August 2014	9,164

3Tangible fixed assets

	£
Cost
At 1 September 2014	2,284
Additions	504
Disposals	0
Revaluations	-
Transfers	-
At 31 May 2015	2,788
Depreciation
At 1 September 2014	776
Charge for the year	371
On disposals	-
At 31 May 2015	1,147
Net book values
At 31 May 2015	1,641
At 31 August 2014	1,508