Convergence Audio Visual Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05492867 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

CONVERGENCE AUDIO VISUAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs M Metcalf

P.I. Metcalf

SECRETARY:

Mrs M Metcalf

REGISTERED OFFICE:

18 Hillside

Banstead

Surrey

SM7 1HF

REGISTERED NUMBER:

05492867 (England and Wales)

ACCOUNTANT:

R.T. Cruse

Accountancy Services

15 St Leonards Road

Epsom Downs

Surrey

KT18 5RG

FIXED ASSETS

Tangible assets

2

355,243

361,893

CURRENT ASSETS

Debtors

127,828

73,742

Cash at bank and in hand

92,181

148,629

220,009

222,371

CREDITORS

Amounts falling due within one year

203,088

213,094

NET CURRENT ASSETS

16,921

9,277

TOTAL ASSETS LESS CURRENT LIABILITIES

372,164

371,170

CREDITORS

Amounts falling due after more than one year

73,739

31,183

NET ASSETS

298,425

339,987

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

298,325

339,887

SHAREHOLDERS' FUNDS

298,425

339,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 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 24th March 2014 and were signed on its behalf by:

P.I. Metcalf - Director

Mrs M Metcalf - 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

724,951

Additions

87,029

Disposals

(59,097

)

At 31st December 2013

752,883

DEPRECIATION

At 1st January 2013

363,058

Charge for year

68,969

Eliminated on disposal

(34,387

)

At 31st December 2013

397,640

NET BOOK VALUE

At 31st December 2013

355,243

At 31st December 2012

361,893

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100