Avar IT Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04680862 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Avar IT Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr Kulvinder Singh Keer

Mr Ashok Varma FCA

SECRETARY:

Avar Secretaries Limited

REGISTERED OFFICE:

Avar Suites

Central House

1 Ballards Lane

London

N3 1LQ

REGISTERED NUMBER:

04680862 (England and Wales)

ACCOUNTANTS:

Avar & Company Limited

Chartered Accountants

Avar Suites

Central House

1 Ballards Lane

London

N3 1LQ

FIXED ASSETS

Tangible assets

2

-

2,802

CURRENT ASSETS

Debtors

51,895

71,320

Cash at bank

43,643

3,499

95,538

74,819

CREDITORS

Amounts falling due within one year

(89,665

)

(100,746

)

NET CURRENT ASSETS/(LIABILITIES)

5,873

(25,927

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,873

(23,125

)

CAPITAL AND RESERVES

Called up share capital

3

12

12

Profit and loss account

5,861

(23,137

)

SHAREHOLDERS' FUNDS

5,873

(23,125

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

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

The financial statements were approved by the Board of Directors on 16 December 2014 and were signed on its behalf by:

Mr Kulvinder Singh Keer - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Financial statements have been prepared on going concern basis.

No material uncertainties that may cast significant doubt about the ability of the company to continue as a

going concern have been identified by the directors.

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.

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

8,240

DEPRECIATION

At 1 April 2013

5,438

Charge for year

2,802

At 31 March 2014

8,240

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

2,802

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

12

Ordinary

£1

12

12

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES