|
|
|
|
|
|
|
|
|
A & V COMPUTING LIMITED |
|
|
|
|
|
|
|
ANNUAL REPORT & UNAUDITED ACCOUNTS |
|
|
|
|
|
|
31 May 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Company Number 03200123 England |
|
|
|
|
|
A & V COMPUTING LIMITED |
Company Number |
|
|
|
|
|
|
|
03200123 |
|
|
|
|
|
|
|
England & Wales |
|
|
DIRECTORS' REPORT |
|
|
|
The Directors present their report and accounts of the company for the year to |
|
|
31 May 2014 |
|
|
|
PRINCIPAL ACTIVITY |
|
|
|
The principal activity of the company is that of computer software consultancy services. |
|
|
|
DIRECTORS |
|
|
|
The following served as the director during the year: |
Paul Armstrong |
|
|
|
SMALL COMPANY |
|
|
|
The above report has been prepared in accordance with the special provisions relating to |
|
|
small companies within Part 15 of the Companies Act 2006. |
|
|
|
|
Signed on behalf of |
|
|
the board of directors |
|
|
|
|
|
Paul Armstrong |
| ……………….. |
Director |
Date:………………. |
04/10/2014 |
|
|
|
|
A & V COMPUTING LIMITED |
|
|
|
ACCOUNTANTS' REPORT TO THE DIRECTORS OF |
|
|
A & V COMPUTING LIMITED |
|
|
|
In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company from the accounting records and information and explanations you have provided to us. |
|
|
As a practising member of the Institute of Chartered Accountants of Scotland, we are subject to ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
|
|
This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of the company,state those matters that we have agreed to state to the Company's Board of Directors in accordance with the requirements of the Institute of Chartered Accountants of Scotland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or this report. |
|
|
It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory accounts that give a fair and true view of the assets, liabilities, financial position and profit & loss account of the company. You consider that the Company is exempt from the statutory requirement for an audit for the year. |
|
|
We have not been instructed to carry out an audit or review of the accounts. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us, and we do not, therefore, express an opinion on the financial statements. |
|
|
|
|
|
|
I McGregor & Co |
Date............… |
|
|
Chartered Accountants |
|
|
Ashford Lodge, Cypress court |
|
|
Hazelwood Road, Sneyd Park |
|
|
Bristol BS9 1PY |
|
|
|
|
|
|
|
|
|
A & V COMPUTING LIMITED |
|
|
|
PROFIT AND LOSS ACCOUNT |
|
|
For the year to 31 May 2014 |
|
|
|
|
|
|
|
2014 |
|
2013 |
|
|
|
|
|
|
|
£ |
|
£ |
|
|
|
|
|
|
NOTES |
|
|
|
TURNOVER |
(1) |
68,156 |
|
118,789 |
|
|
|
Administrative expenses |
34,118 |
|
41,669 |
|
|
|
OPERATING PROFIT |
(2) |
34,038 |
|
77,120 |
|
|
|
Other interest receivable and similar income |
8 |
|
7 |
|
|
|
PROFIT ON ORDINARY ACTIVITIES BEFORE |
34,046 |
|
77,127 |
|
|
TAXATION |
|
|
|
Tax on ordinary activities |
(3) |
6,995 |
|
15,233 |
|
|
|
PROFIT ON ORDINARY ACTIVITIES AFTER |
£ |
27,051 |
|
61,894 |
|
|
TAXATION |
|
|
|
|
|
STATEMENT OF TOTAL RECOGNIZED GAINS AND LOSSES |
|
|
Movement on reserves |
|
|
|
Brought forward |
27,664 |
|
22,770 |
|
|
|
Transferred from Profit & Loss account |
27,051 |
|
61,894 |
|
|
Dividends |
39,500 |
|
57,000 |
|
|
Provision for loss on investment |
- |
|
- |
|
|
|
Carried forward |
£ |
15,215 |
|
27,664 |
|
|
|
|
|
There are no other gains or losses other than the above result for the year |
|
|
|
|
A & V COMPUTING LIMITED |
|
|
BALANCE SHEET as at 31 May 2014 |
|
|
|
|
|
|
|
2014 |
|
2013 |
|
|
|
|
|
|
NOTES |
£ |
|
£ |
|
|
FIXED ASSETS |
|
|
Tangible assets |
(4) |
2,497 |
|
3,538 |
|
|
|
CURRENT ASSETS |
|
|
Debtors |
(5) |
8,410 |
|
10,296 |
|
|
Cash at Bank and on hand |
14,469 |
|
35,231 |
|
|
|
|
|
|
|
22,879 |
|
45,527 |
|
|
|
Creditors falling due within one year |
(6) |
10,111 |
|
21,351 |
|
|
|
(NET CURRENT LIABILITIES) |
12,768 |
|
24,176 |
|
|
|
NET ASSETS |
£ |
15,265 |
|
27,714 |
|
|
|
CAPITAL AND RESERVES |
|
|
|
Called up share capital |
(7) |
50 |
|
50 |
|
|
|
|
|
- |
|
|
Profit and loss account |
15,215 |
|
27,664 |
|
|
|
|
- |
|
|
|
SHAREHOLDERS FUNDS |
£ |
15,265 |
|
27,714 |
|
|
|
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. |
|
|
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 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. |
|
|
|
Signed on behalf of the board of directors |
|
|
|
|
|
|
Paul Armstrong |
| …………………………………. |
Director |
|
|
|
|
Approved by the board on :………………………….. |
Date: |
04/10/14 |
|
|
|
A & V COMPUTING LIMITED |
|
|
NOTES TO THE ACCOUNTS |
31 May 2014 |
|
|
|
ACCOUNTING POLICIES |
|
|
|
Accounting Convention |
|
|
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 |
|
|
Turnover is stated as services sold during the period to third parties, excluding vat. |
|
|
|
Tangible Fixed Assets |
|
|
Tangible fixed assets are recorded at cost. Depreciation has been provided at the |
|
|
following rates in order to write off the assets over their useful lives. |
|
|
|
Equipment & Furniture |
25 % reducing balance |
|
|
|
Taxation |
|
|
Corporation tax is provided on taxable profits at the current rate. |
|
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
1 |
TURNOVER |
|
|
Turnover is attributable to geographical markets within the United Kingdom. |
|
|
2 |
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
|
|
The profit on ordinary activities before taxation is derived from continuing operations |
|
|
and is stated after taking into account the following: |
|
|
|
|
|
|
|
2014 |
|
2013 |
|
|
|
|
|
|
|
£ |
|
£ |
|
|
Depreciation of owned fixed assets |
1,041 |
|
1,254 |
|
|
Directors' remuneration |
13,226 |
|
20,923 |
|
|
3 |
TAX ON ORDINARY ACTIVITIES |
|
|
|
|
Corporation tax |
6,995 |
|
15,233 |
|
|
|
Interest on corporation tax |
- |
|
- |
|
|
|
|
|
|
|
6,995 |
|
15,233 |
|
|
A & V COMPUTING LIMITED |
|
|
NOTES TO THE ACCOUNTS |
31 May 2014 |
|
|
4 |
TANGIBLE FIXED ASSETS |
Equipment |
|
|
|
Cost |
£ |
|
|
|
As at 31 May 2013 |
25,478 |
|
|
|
Additions in the year |
- |
|
|
|
Disposals in the year |
- |
|
|
|
As at 31 May 2014 |
25,478 |
|
|
|
|
Depreciation |
|
|
|
As at 31 May 2013 |
21,940 |
|
|
|
Charged in the year |
1,041 |
|
|
|
Disposals in the year |
- |
|
|
|
As at 31 May 2014 |
22,981 |
|
|
|
|
Net Book Amount |
|
|
|
As at 31 May 2014 |
2,497 |
|
|
|
As at 31 May 2013 |
3,538 |
|
|
|
|
|
|
|
|
2014 |
|
2013 |
|
5 |
DEBTORS |
£ |
|
£ |
|
|
|
Trade debtors |
8,310 |
|
10,196 |
|
|
|
Other debtors |
100 |
|
100 |
|
|
|
|
|
|
|
8,410 |
|
10,296 |
|
|
6 |
CREDITORS - Amounts falling due within one year |
|
|
|
|
Corporation tax due |
6,995 |
|
15,233 |
|
|
|
Taxation & social security |
3,116 |
|
6,118 |
|
|
|
Other creditors |
- |
|
- |
|
|
|
|
|
|
|
10,111 |
|
21,351 |
|
7 |
CALLED UP SHARE CAPITAL |
|
|
|
Authorised,allotted, called and fully paid: |
|
|
|
|
|
Each |
No |
|
|
|
ordinary shares |
£1 |
50 |
50 |
|
50 |
|
|
8 |
RELATED PARTY TRANSACTIONS |
|
|
Controlling party |
|
|
The company is owned by the director and his family who own all the ordinary shares. |
