Avocet Enterprises ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC393680 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

Avocet Enterprises ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I Docherty

L Docherty

REGISTERED OFFICE:

10 Clydesdale Street

Hamilton

ML3 0DP

REGISTERED NUMBER:

SC393680 (Scotland)

ACCOUNTANTS:

Wallace and Company C.A.

10 Clydesdale Street

Hamilton

Strathclyde

ML3 0DP

FIXED ASSETS

Tangible assets

2

6,796

10,782

CURRENT ASSETS

Stocks

151,892

193,644

Debtors

157,866

141,606

Cash at bank

5,945

-

315,703

335,250

CREDITORS

Amounts falling due within one year

3

245,037

287,836

NET CURRENT ASSETS

70,666

47,414

TOTAL ASSETS LESS CURRENT LIABILITIES

77,462

58,196

CREDITORS

Amounts falling due after more than one year

3

(60,899

)

(48,215

)

PROVISIONS FOR LIABILITIES

(1,359

)

(2,156

)

NET ASSETS

15,204

7,825

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

15,202

7,823

SHAREHOLDERS' FUNDS

15,204

7,825

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 19 December 2014 and were signed on its behalf by:

I Docherty - 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 goods, 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.

Plant and machinery etc

-

33.33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

25,183

Additions

332

At 30 June 2014

25,515

DEPRECIATION

At 1 July 2013

14,401

Charge for year

4,318

At 30 June 2014

18,719

NET BOOK VALUE

At 30 June 2014

6,796

At 30 June 2013

10,782

3.

CREDITORS

Creditors include an amount of £ 104,043 (2013 - £ 97,984 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.	CONTROLLING PARTY

The company was controlled by its directors throughout the year.