Consult Avila Limited - Accounts to registrar - small 17.2

Consult Avila Limited - Accounts to registrar - small 17.2

CONSULT AVILA LIMITED - Company Information

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REGISTERED NUMBER: 04514665 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

CONSULT AVILA LIMITED

CONSULT AVILA LIMITED (REGISTERED NUMBER: 04514665)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


CONSULT AVILA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2017







DIRECTORS: J M Guzman-Bello
D Nutton
D J D Wood
C Grosvenor





SECRETARY: D J D Wood





REGISTERED OFFICE: Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL





REGISTERED NUMBER: 04514665 (England and Wales)





ACCOUNTANTS: French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL
Page 1
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CONSULT AVILA LIMITED

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a
Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other
primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Consult Avila Limited for the year ended 31st March 2017 which comprise the Statement of Comprehensive Income,
Statement of Financial Position, and the related notes 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/rulebook.

This report is made solely to the Board of Directors of Consult Avila Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Consult Avila Limited and state those matters that we have agreed to state to the Board of Directors of Consult Avila Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Consult Avila 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 profit of Consult Avila Limited. You consider that Consult Avila 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 Consult Avila 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 financial statements.






French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL


9th December 2017

This page does not form part of the statutory financial statements

Page 2
CONSULT AVILA LIMITED (REGISTERED NUMBER: 04514665)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,857 10,623

CURRENT ASSETS
Debtors 5 340,417 242,341
Cash at bank 131,603 128,725
472,020 371,066
CREDITORS
Amounts falling due within one year 6 277,932 223,161
NET CURRENT ASSETS 194,088 147,905
TOTAL ASSETS LESS CURRENT
LIABILITIES
229,945
158,528

PROVISIONS FOR LIABILITIES 6,979 1,890
NET ASSETS 222,966 156,638

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 200 200
Retained earnings 222,666 156,338
SHAREHOLDERS' FUNDS 222,966 156,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9th December 2017 and were signed on its behalf by:



J M Guzman-Bello - Director


The notes form part of these financial statements

Page 3
CONSULT AVILA LIMITED (REGISTERED NUMBER: 04514665)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017

1. STATUTORY INFORMATION

Consult Avila Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Software - 33% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of
financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of
financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the
date of transaction. Exchange differences are taken into account in arriving at the operating result.

Government grants
During the year the company received Government grants relating to revenue costs, these have been credited to the profit
and loss account in line with the relevant costs.

Licences and software
Software being developed in 2016 is being amortised over its estimated useful life of 3 years.

Page 4 continued...
CONSULT AVILA LIMITED (REGISTERED NUMBER: 04514665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2016 14,556
Additions 38,892
Disposals (1,378 )
At 31st March 2017 52,070
DEPRECIATION
At 1st April 2016 3,933
Charge for year 13,565
Eliminated on disposal (1,285 )
At 31st March 2017 16,213
NET BOOK VALUE
At 31st March 2017 35,857
At 31st March 2016 10,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 336,343 230,227
Other debtors 4,074 12,114
340,417 242,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 126,358 105,450
Taxation and social security 44,272 27,249
Other creditors 107,302 90,462
277,932 223,161

7. FIRST YEAR ADOPTION

No adjustments to the values included in the financial statements were required on transition to Financial Reporting
standard 102 "The Financial Reporting standard applicable in the UK and Republic of Ireland".


Page 5