Solution Avant Ltd - Limited company accounts 11.4

REGISTERED NUMBER: 04003172 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 30 April 2014

for

Solution Avant Ltd

Page

Company Information

1

Report of the Directors

2

Statement of Directors' Responsibilities

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

7

DIRECTORS:

Mr B M Shamtally

Mrs C Shamtally

Mr R Shamtally

SECRETARY:

Mr B M Shamtally

REGISTERED OFFICE:

Chaldon Rise

Rockshaw Road

Merstham

Surrey

RH1 3DE

REGISTERED NUMBER:

04003172 (England and Wales)

ACCOUNTANTS:

Harans & Co

Chartered Certified Accountants

324 Stafford Road

Croydon

Surrey

CR0 4NH

The directors present their report with the financial statements of the company for the year ended 30 April 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of business management & consultancy services.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 May 2013 to the date of

this report.

The beneficial interests of the directors holding office at 30 April 2014 in the shares of the company, according to the

register of directors' interests, were as follows:

30.4.14

1.5.13

Ordinary shares shares of £1 each

Mr B M Shamtally

40

Mrs C Shamtally

40

Mr R Shamtally

10

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Mr B M Shamtally - Director

11 December 2014

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

TURNOVER

27,641

31,103

Administrative expenses

4,166

8,024

OPERATING PROFIT

3

23,475

23,079

Interest payable and similar charges

4

12,755

12,025

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

10,720

11,054

Tax on profit on ordinary activities

5

2,144

1,041

PROFIT FOR THE FINANCIAL YEAR

8,576

10,013

Retained profit brought forward

312,359

302,346

RETAINED PROFIT CARRIED
FORWARD

320,935

312,359

FIXED ASSETS

Tangible assets

6

821,649

CURRENT ASSETS

Cash at bank and in hand

4,966

17,329

CREDITORS

Amounts falling due within one year

7

2,144

1,904

NET CURRENT ASSETS

2,822

15,425

TOTAL ASSETS LESS CURRENT
LIABILITIES

824,471

837,074

CREDITORS

Amounts falling due after more than one
year

8

503,436

524,615

NET ASSETS

321,035

312,459

CAPITAL AND RESERVES

Called up share capital

9

100

Profit and loss account

320,935

312,359

SHAREHOLDERS' FUNDS

321,035

312,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 11 December 2014 and were signed on its behalf
by:

Mr B M Shamtally - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	STAFF COSTS

30.4.14

30.4.13

£

Wages and salaries

-

3,000

The average monthly number of employees during the year was as follows:

30.4.14

30.4.13

3.	OPERATING PROFIT

The operating profit is stated after charging:

30.4.14

30.4.13

£

Directors' remuneration

-

3,000

4.

INTEREST PAYABLE AND SIMILAR CHARGES

Interest payable and similar charges includes the following:

30.4.14

30.4.13

£

Bank loan interest

12,755

12,025

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

30.4.14

30.4.13

£

Current tax:

UK corporation tax

2,144

1,041

Tax on profit on ordinary activities

2,144

1,041

6.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 May 2013

and 30 April 2014

821,649

NET BOOK VALUE

At 30 April 2014

821,649

At 30 April 2013

821,649

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.14

30.4.13

£

Tax

2,144

1,041

Social security and other taxes

-

863

2,144

1,904

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.14

30.4.13

£

Loan account-6001387

259,518

278,656

Director's current account

243,918

245,959

503,436

524,615

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

100

Ordinary shares

£1

100