AVENUE_PATTERN_COMPANY_LI - Accounts

AVENUE PATTERN CO.LIMITED - Company Information

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Company Registration No. 00756881 (England and Wales)

AVENUE PATTERN COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

AVENUE PATTERN COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

AVENUE PATTERN COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

253,552

257,228

Current assets

Stocks

20,850

20,700

Debtors

134,320

162,325

Cash at bank and in hand

66,872

24,392

222,042

207,417

Creditors: amounts falling due within one year

(103,135)

(106,032)

Net current assets

118,907

101,385

Total assets less current liabilities

372,459

358,613

Creditors: amounts falling due after more than one year

(3,260)

Provisions for liabilities

(6,127)

(6,185)

366,332

349,168

Capital and reserves

Called up share capital

1,000

Revaluation reserve

215,083

Profit and loss account

150,249

133,085

Shareholders' funds

366,332

349,168

AVENUE PATTERN COMPANY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 June 2016

S.M. Lang

Director

Company Registration No. 00756881

AVENUE PATTERN COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

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

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% Straight line

Plant and machinery

15% Reducing balance

Fixtures, fittings & equipment

15% Reducing balance

Motor vehicles

25% Reducing balance

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.

AVENUE PATTERN COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Cost or valuation

At 1 May 2015

399,155

Additions

6,758

At 30 April 2016

405,913

Depreciation

At 1 May 2015

141,926

Charge for the year

10,435

At 30 April 2016

152,361

Net book value

At 30 April 2016

253,552

At 30 April 2015

257,228

Creditors: amounts falling due within one year

Lloyds TSB plc holds a debenture dated 10th July 1992 which includes a legal charge over 10 Scar Bank, Warwick.

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000