Avatu Limited - Abbreviated accounts

AVATU LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2016

































Company Registration Number: 02762085

AVATU LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the abbreviated financial statements									4 to 7

AVATU LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016


DIRECTORS

R Kelly (resigned 13 November 2015)
H S Jouhal


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Unit E2 Regent Park
Summerleys Road
Princes Risborough
Buckinghamshire
HP27 9LE


COMPANY REGISTRATION NUMBER

02762085 England and Wales

AVATU LIMITED

BALANCE SHEET
AS AT 31 March 2016


	Notes	2016		2015
		£		£

FIXED ASSETS
Tangible assets	2		53,447		68,269

CURRENT ASSETS
Stock		28,330		39,103
Debtors		2,148,483		2,188,402
Cash at bank and in hand		35,160		19,319


		2,211,973		2,246,824

CREDITORS: Amounts falling due		1,070,328		1,053,014
within one year


NET CURRENT ASSETS			1,141,645		1,193,810


TOTAL ASSETS LESS CURRENT LIABILITIES			1,195,092		1,262,079

CREDITORS: Amounts falling due			101,976		38,010
after more than one year

Provisions for liabilities and charges			2,679		5,174


NET ASSETS			1,090,437		1,218,895



CAPITAL AND RESERVES
Called up share capital	4		100		100
Profit and loss account			1,090,337		1,218,795


SHAREHOLDER'S FUNDS			1,090,437		1,218,895



These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the financial year ended 31 March 2016 the company was entitled to exemption from 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 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.

Signed on behalf of the board


H S Jouhal
Director

Date approved by the board: 21 December 2016

AVATU LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover

	Turnover represents the value of net invoiced sales of goods, stated net of trade discounts and value added tax.

	Tangible fixed assets

	Fixed assets are stated at cost less accumulated depreciation.

	Depreciation has been provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives.

	Plant and equipment	Reducing balance basis at 20% per annum
	Office & computer equipment, fixtures & fittings and website	Straight line basis at 20%, straight line basis at 33.3% and reducing balance basis at 20% per annum
	Motor vehicles	Reducing balance basis at 25% per annum

	Leases

	Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account on a straight line basis, to produce an approximately constant rate of charge on the balance of capital repayments outstanding.

	Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

	Stock

	Stock has been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a first in first out basis. Net realisable value is based on estimated selling price less all further costs incurred to get the stock into its normal sale condition (including marketing, selling and distribution costs).

1	STATEMENT OF ACCOUNTING POLICIES (continued…)

	Financial instruments

	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

	Foreign currencies

	Transactions in foreign currencies are translated at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Exchange differences are taken into account in arriving at the operating profit or loss.

2	TANGIBLE ASSETS
					Tangible assets
					£
	Cost
	At 1 April 2015				181,160

	Additions				7,494

	Disposals				(49,773)


	At 31 March 2016				138,881


	Accumulated depreciation
	At 1 April 2015				112,891

	Charge for year				18,457

	Disposals				(45,914)


	At 31 March 2016				85,434


	Net book value
	At 1 April 2015				68,269


	At 31 March 2016				53,447


3	SECURITY
				2016	2015
				£	£
	Included in bank loans and overdrafts are secured debts of:			480,101	393,936


4	SHARE CAPITAL
		Nominal value	Number	2016	2015
		£		£	£
	Allotted, called up and fully paid:
	Ordinary shares	1	100	100	100


5	DIRECTOR'S TRANSACTIONS

	The company made an advance to the director during the year. The following amount was due to the company at the year end:

				2016	2015
				£	£
	H S Jouhal			-	9


	The maximum amount due to the company from the director during the year was as follows:

				2016	2015
				£	£
	H S Jouhal			4,960	9


6	PARENT COMPANY

	The company is a subsidiary undertaking of Data Duplication (Holdings) Limited.