Avar Consulting Limited - Abbreviated accounts 16.3

Avar Consulting Limited - Abbreviated accounts 16.3

AVAR & COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 06417484 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Avar Consulting Limited

Avar Consulting Limited (Registered number: 06417484)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Avar Consulting Limited

Company Information
for the Year Ended 31 March 2016







DIRECTORS: Mr Ashok Varma FCA
Mr Moazzam Ayoub FCCA
Mr Anish Hindocha ACCA
Miss Natasha Matharu





SECRETARY: Avar Secretaries Limited





REGISTERED OFFICE: Avar Suites, Building 3,
North London Business Park
Oakleigh Road South
London
N11 1GN





REGISTERED NUMBER: 06417484 (England and Wales)





Page 1
Avar Consulting Limited (Registered number: 06417484)

Abbreviated Balance Sheet
31 March 2016

31/3/16 31/3/15
as
restated
Notes £    £   
FIXED ASSETS
Intangible assets 2 148,000 148,000
Tangible assets 3 861 861
148,861 148,861

CURRENT ASSETS
Debtors 293,100 123,140
Cash at bank 778 3,543
293,878 126,683
CREDITORS
Amounts falling due within one year (432,709 ) (265,488 )
NET CURRENT LIABILITIES (138,831 ) (138,805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,030
10,056

CAPITAL AND RESERVES
Called up share capital 4 10,000 10,000
Profit and loss account 30 56
SHAREHOLDERS' FUNDS 10,030 10,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes on pages 4 to 5 form part of these abbreviated accounts

Page 2
Avar Consulting Limited (Registered number: 06417484)

Abbreviated Balance Sheet - continued
31 March 2016


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 15 December 2016 and were signed on
its behalf by:





Mr Ashok Varma FCA - Director


The notes on pages 4 to 5 form part of these abbreviated accounts

Page 3
Avar Consulting Limited (Registered number: 06417484)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
Financial statements have been prepared on a going concern basis.

No material uncertainties that may cast significant doubt on the ability of the company to continue as a
going concern have been identified by the director.

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 January 2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - not provided

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 594,500
AMORTISATION
At 1 April 2015
and 31 March 2016 446,500
NET BOOK VALUE

At 31 March 2016 148,000
At 31 March 2015 148,000

Page 4
Avar Consulting Limited (Registered number: 06417484)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 861
NET BOOK VALUE
At 31 March 2016 861
At 31 March 2015 861

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/16 31/3/15
value: as
restated
£    £   
10,000 Ordinary £1 10,000 10,000

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period under review there were no transactions between the company and its directors, Mr
A Varma and Mrs R Varma.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Ashok Varma FCA.

Page 5