Avar & Partners Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05925370 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Avar & Partners Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss Shashi Matharu

Ms Anna Voynova

Mr Moazzam Ayoub FCCA

Mr Anish Hindocha ACCA

Mr Ashok Varma FCA

SECRETARY:

Avar Secretaries Limited

REGISTERED OFFICE:

Avar Suites

Central House

1 Ballards Lane

London

N3 1LQ

REGISTERED NUMBER:

05925370 (England and Wales)

ACCOUNTANTS:

Avar & Company Limited

Chartered Accountants

Avar Suites

Central House

1 Ballards Lane

London

N3 1LQ

FIXED ASSETS

Intangible assets

2

350,000

425,000

CURRENT ASSETS

Debtors

25,776

123,580

Cash at bank

66,895

60

92,671

123,640

CREDITORS

Amounts falling due within one year

(369,356

)

(432,266

)

NET CURRENT LIABILITIES

(276,685

)

(308,626

)

TOTAL ASSETS LESS CURRENT LIABILITIES

73,315

116,374

CAPITAL AND RESERVES

Called up share capital

3

10,000

10,000

Profit and loss account

63,315

106,374

SHAREHOLDERS' FUNDS

73,315

116,374

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 17 December 2014 and were signed on its behalf by:

Mr Ashok Varma FCA - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Additional goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being

amortised evenly over its estimated useful life of six years and seven months.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

628,450

AMORTISATION

At 1 April 2013

203,450

Amortisation for year

75,000

At 31 March 2014

278,450

NET BOOK VALUE

At 31 March 2014

350,000

At 31 March 2013

425,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

10,000

Ordinary

£1

10,000

10,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES