AVTRAC_ENGINEERING_LIMITE - Accounts

AVTRAC ENGINEERING LIMITED - Company Information

Print Friendly Version

Company Registration No. 07621692 (England and Wales)

AVTRAC ENGINEERING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

AVTRAC ENGINEERING LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

AVTRAC ENGINEERING LIMITED

REPORT TO THE DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY ACCOUNTS OF AVTRAC ENGINEERING LIMITED

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avtrac Engineering Limited for the year ended 31 May 2016 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc.

It is your duty to ensure that Avtrac Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Avtrac Engineering Limited. You consider that Avtrac Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Avtrac Engineering Limited. 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 any opinion on the statutory accounts.

Fairman Keable

21 February 2017

Chartered Certified Accountants

132 Heathfield Road

Keston

BR2 6BA

AVTRAC ENGINEERING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 2 -

2016

2015

Notes

Current assets

Debtors

108

132

Creditors: amounts falling due within one year

(11,875)

(11,441)

Total assets less current liabilities

(11,767)

(11,309)

Capital and reserves

Called up share capital

100

Profit and loss account

(11,867)

(11,409)

Shareholders' funds

(11,767)

(11,309)

For the financial year ended 31 May 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 21 February 2017

Mr Valentine Barry

Director

Company Registration No. 07621692

AVTRAC ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention 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

Tangible fixed assets and depreciation

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

Computer equipment & Software

Straight-line basis 33%

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a subsidiary undertaking of Avtrac Limited, a company incorporated in England & Wales.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Ultimate parent company

The ultimate parent company is Avtrac Limited, a company registered in England and Wales.