Avenca Limited - Period Ending 2016-06-30

Registration number: 04151672

Avenca Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Avenca Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Avenca Limited
(Registration number: 04151672)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					903			1,082
Current assets
Stocks					2,241			2,241
Debtors					61,808			169,520
Cash at bank and in hand					287,328			222,679
					351,377			394,440
Creditors: Amounts falling due within one year					(120,221)			(194,569)
Net current assets					231,156			199,871
Net assets					232,059			200,953
Capital and reserves
Called up share capital		3			3,004			3,004
Capital redemption reserve					81,998			81,998
Profit and loss account					147,057			115,951
Shareholders' funds					232,059			200,953

Page 1

Avenca Limited
(Registration number: 04151672)
Abbreviated Balance Sheet at 30 June 2016

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 22 March 2017 and signed on its behalf by:

N C Baines Director

Page 2

Avenca Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 June 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	15% and 25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		7,940			7,940
At 30 June 2016		7,940			7,940
Depreciation
At 1 July 2015		6,858			6,858
Charge for the year		179			179
At 30 June 2016		7,037			7,037
Net book value
At 30 June 2016		903			903
At 30 June 2015		1,082			1,082

Page 3

Avenca Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 June 2016

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
'A' ordinary shares of £1 each		3,000			3,000			3,000			3,000
'C' ordinary shares of £1 each		2			2			2			2
'D' ordinary shares of £0.01 each		200			2			200			2
		3,202			3,004			3,202			3,004

Page 4