AV8 Global Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08744196 (England and Wales)

AV8 Global Ltd

Financial Statements

for the Year Ended 31st March 2018

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

4

FIXED ASSETS

Tangible assets

4

344

408

CURRENT ASSETS

Debtors

5

4,553

9,720

Cash at bank

12,416

2,593

16,969

12,313

CREDITORS

Amounts falling due within one year

6

4,069

5,252

NET CURRENT ASSETS

12,900

7,061

TOTAL ASSETS LESS CURRENT LIABILITIES

13,244

7,469

CAPITAL AND RESERVES

Called up share capital

13

13

Retained earnings

13,231

7,456

SHAREHOLDERS' FUNDS

13,244

7,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 9th November 2018 and were signed by:

K A Rudd - Director

1.	STATUTORY INFORMATION

AV8 Global Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

08744196

Registered office:

38 Dollar Street

Cirencester

Gloucestershire

GL7 2AN

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 represents net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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 balance sheet date.

Deferred tax

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

balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2017

1,959

Additions

516

At 31st March 2018

2,475

DEPRECIATION

At 1st April 2017

1,551

Charge for year

580

At 31st March 2018

2,131

NET BOOK VALUE

At 31st March 2018

344

At 31st March 2017

408

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,000

7,897

Other debtors

2,553

1,823

4,553

9,720

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

595

-

Taxation and social security

1,674

3,402

Other creditors

1,800

1,850

4,069

5,252

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2018 and

31st March 2017:

2018

2017

£

£

K A Rudd

Balance outstanding at start of year

472

217

Amounts advanced

776

255

Amounts repaid

(208

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,040

472