| Aveycare Limited |
| Registered number: |
03619812 |
| Abbreviated Balance Sheet |
| as at 29 February 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
257,151 |
|
|
294,139 |
| Investments |
4 |
|
|
33,333 |
|
|
- |
|
|
|
|
290,484 |
|
|
294,139 |
|
| Current assets |
| Stocks |
|
|
18,850 |
|
|
18,400 |
| Debtors |
|
|
369,346 |
|
|
411,506 |
| Investments held as current assets |
|
|
240,300 |
|
|
229,300 |
| Cash at bank and in hand |
|
|
147,453 |
|
|
159,565 |
|
|
|
775,949 |
|
|
818,771 |
|
| Creditors: amounts falling due within one year |
|
|
(166,959) |
|
|
(246,373) |
|
| Net current assets |
|
|
|
608,990 |
|
|
572,398 |
|
| Net assets |
|
|
|
899,474 |
|
|
866,537 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
899,472 |
|
|
866,535 |
|
| Shareholders' funds |
|
|
|
899,474 |
|
|
866,537 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| J Thind |
| Director |
| Approved by the board on 27 September 2016 |
|
| Aveycare Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 29 February 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold properties |
2% straight line |
|
Goodwill |
over 10 years |
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
237,650 |
|
At 29 February 2016 |
237,650 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 March 2015 |
237,650 |
|
At 29 February 2016 |
237,650 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
- |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
440,750 |
|
At 29 February 2016 |
440,750 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2015 |
146,611 |
|
Charge for the year |
36,988 |
|
At 29 February 2016 |
183,599 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
257,151 |
|
At 28 February 2015 |
294,139 |
|
|
|
|
|
|
|
|
| 4 |
Investments |
£ |
|
|
Cost |
|
Additions |
33,333 |
|
|
At 29 February 2016 |
33,333 |
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
