Company Registration No. 05540688 (England and Wales)
AVENUE ROAD DEVELOPMENTS LIMITED
Unaudited accounts
for the year ended 31 August 2017
AVENUE ROAD DEVELOPMENTS LIMITED
Unaudited accounts
Contents
AVENUE ROAD DEVELOPMENTS LIMITED
Company Information
for the year ended 31 August 2017
Company Number
05540688 (England and Wales)
Accountants
Grow Your Business East Anglia Ltd
7A Corn Exchange
Market Place
Swaffham
Norfolk
PE37 7AB
AVENUE ROAD DEVELOPMENTS LIMITED
Statement of financial position
as at
31 August 2017
Tangible assets
435,000
325,000
Creditors: amounts falling due within one year
(268,500)
(278,388)
Net current liabilities
(268,500)
(278,388)
Total assets less current liabilities
166,500
46,612
Creditors: amounts falling due after more than one year
(237,088)
(118,150)
Net liabilities
(70,588)
(71,538)
Revaluation reserve
145,000
145,000
Profit and loss account
(215,588)
(216,538)
Shareholders' funds
(70,588)
(71,538)
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 March 2018.
Mr S Fox
Director
Company Registration No. 05540688
AVENUE ROAD DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 August 2017
AVENUE ROAD DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05540688.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
no depreciation provided
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
At 1 September 2016
325,000
At 31 August 2017
435,000
At 31 August 2017
435,000
At 31 August 2016
325,000
AVENUE ROAD DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 August 2017
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Land and buildings
110,000
-
5
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
105,594
Trade creditors
172,500
172,794
6
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
110,000
-
Other creditors
127,088
118,150
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).