AVATU LIMITED (FORMERLY DATA DUPLICATION LIMITED) |
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BALANCE SHEET |
AS AT 31 March 2014 |
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Notes |
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2014 |
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2013 |
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£ |
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£ |
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FIXED ASSETS |
Tangible assets |
2 |
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41,888 |
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6,024 |
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CURRENT ASSETS |
Stock |
24,739 |
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19,477 |
Debtors |
1,941,044 |
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1,697,539 |
Cash at bank and in hand |
25,417 |
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89,041 |
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1,991,200 |
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1,806,057 |
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CREDITORS: Amounts falling due |
754,670 |
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606,269 |
within one year |
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NET CURRENT ASSETS |
1,236,530 |
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1,199,788 |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
1,278,418 |
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1,205,812 |
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CREDITORS: Amounts falling due |
91,561 |
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100,000 |
after more than one year |
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Provisions for liabilities and charges |
158 |
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566 |
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NET ASSETS |
1,186,699 |
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1,105,246 |
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CAPITAL AND RESERVES |
Called up share capital |
3 |
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100 |
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100 |
Profit and loss account |
1,186,599 |
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1,105,146 |
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SHAREHOLDERS' FUNDS |
1,186,699 |
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1,105,246 |
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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 April 2008). |
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For the financial period ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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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. |
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Signed on behalf of the board of directors |
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H S Jouhal |
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R Kelly |
Director |
Director |
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Date approved by the board: 6 November 2014 |
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AVATU LIMITED (FORMERLY DATA DUPLICATION LIMITED) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD ENDED 31 MARCH 2014 |
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1 |
STATEMENT OF ACCOUNTING POLICIES |
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Accounting convention |
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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 April 2008). |
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Turnover |
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Turnover represents the value of net invoiced sales of goods, stated net of trade discounts and value added tax. |
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Tangible fixed assets |
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Fixed assets are stated at cost less accumulated depreciation. |
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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. |
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Plant and machinery |
Reducing balance basis at 20% per annum |
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Fixtures and fittings |
Straight line and reducing balance basis at 20% per annum |
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Motor vehicles |
Reducing balance basis at 25% per annum |
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Leases |
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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. |
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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. |
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