AVD PICKME LTD - Period Ending 2018-07-31

Registration number: 10890770

AVD PICKME LTD

Annual Report and Unaudited Financial Statements

for the Period from 31 July 2017 to 31 July 2018

Umbrella Accountants LLP
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP

AVD PICKME LTD

Contents

Company Information	1
Accountants' Report	2
Statement of Comprehensive Income	3
Balance Sheet	4
Statement of Changes in Equity	5
Notes to the Financial Statements	6 to 8

AVD PICKME LTD

Company Information

Director

Mrs Anna Margaretha Van Deventer

Registered office

Bollin House Bollin Link Wilmslow Cheshire SK9 1DP

Accountants

Umbrella Accountants LLP Bollin House Bollin Link Wilmslow Cheshire SK9 1DP

Page 1

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
AVD PICKME LTD
for the Period Ended 31 July 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AVD PICKME LTD for the period ended 31 July 2018 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of AVD PICKME LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AVD PICKME LTD and state those matters that we have agreed to state to the Board of Directors of AVD PICKME LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AVD PICKME LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AVD PICKME LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AVD PICKME LTD. You consider that AVD PICKME LTD is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of AVD PICKME LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Umbrella Accountants LLP
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP

8 February 2019

Page 2

AVD PICKME LTD

Statement of Comprehensive Income for the Period from 31 July 2017 to 31 July 2018

	2018 £
Profit for the period	45,637
Total comprehensive income for the period	45,637

The notes on pages 6 to 8 form an integral part of these financial statements.

Page 3

AVD PICKME LTD

(Registration number: 10890770)
Balance Sheet as at 31 July 2018

	Note	2018 £
Current assets
Cash at bank and in hand		50,741
Creditors: Amounts falling due within one year	4	(24,990)
Net assets		25,751
Capital and reserves
Called up share capital		10
Profit and loss account		25,741
Total equity		25,751

For the financial period ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 8 February 2019
 

.........................................

Mrs Anna Margaretha Van Deventer

Director

The notes on pages 6 to 8 form an integral part of these financial statements.

Page 4

AVD PICKME LTD

Statement of Changes in Equity for the Period from 31 July 2017 to 31 July 2018

	Share capital £	Profit and loss account £	Total £
At 31 July 2017	10	-	10
Profit for the period	-	45,637	45,637
Total comprehensive income	-	45,637	45,637
Dividends	-	(19,896)	(19,896)
At 31 July 2018	10	25,741	25,751

The notes on pages 6 to 8 form an integral part of these financial statements.

Page 5

AVD PICKME LTD

Notes to the Financial Statements for the Period from 31 July 2017 to 31 July 2018

1	General information

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP
United Kingdom

These financial statements were authorised for issue by the director on 8 February 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 6

AVD PICKME LTD

Notes to the Financial Statements for the Period from 31 July 2017 to 31 July 2018

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Creditors

	Note	2018 £
Due within one year
Director current account		14,066
Corporation tax		10,924
		24,990

5

Dividends

	2018
	£
Final dividend of £1,989.64 per ordinary share	19,896

6	Related party transactions

Transactions with directors

2018	Advances to directors £	At 31 July 2018 £
Mrs Anna Margaretha Van Deventer
Non-interest bearing advances made to director (repayable on demand)	(14,066)	(14,066)

Directors' remuneration

The director's remuneration for the period was as follows:

	2018 £
Remuneration	2,808

Other transactions with directors

Page 7

AVD PICKME LTD

Notes to the Financial Statements for the Period from 31 July 2017 to 31 July 2018

Dividends of £19.896 and salary of £2,808 were paid to the Director, Mrs Anna Margaretha Van Deventer during the year. At the balance sheet date the amount due to Mrs Anna Margaretha Van Deventer was £14,066.

Page 8