Company Registration No. 06584389 (England and Wales)
AVVAIL (UK) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
AVVAIL (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AVVAIL (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
833,705
833,705
Investments
2
100
100
833,805
833,805
Current assets
Debtors
20,672
20,792
Cash at bank and in hand
512
347
21,184
21,139
Creditors: amounts falling due within one year
(657,964)
(657,444)
Net current liabilities
(636,780)
(636,305)
Total assets less current liabilities
197,025
197,500
Capital and reserves
Called up share capital
3
191
191
Share premium account
439,978
439,978
Profit and loss account
(243,144)
(242,669)
Shareholders' funds
197,025
197,500
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 December 2015
Mr N.A. Upton
Director
Company Registration No. 06584389
AVVAIL (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The accounts have been prepared on a going concern basis. This appropriateness of this basis is dependent on the continued support of the two companies who have provided working capital to AvVail (UK) Limited in the form of loans. We are aware of no reason why this support will not be continuing for the forseeable future and have therefore adopted the going concern basis in preparing the accounts.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Straight line over the estimated useful life of the asset
Fixtures, fittings & equipment
25% reducing balance
No depreciation has been provided on expenditure incurred on land and buildings as the project in question is not scheduled for completion until
a later date
. Depreciation will be charged from the date that the asset's usage commences if considered to be appropriate.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
AVVAIL (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2014 & at 31 March 2015
836,046
100
836,146
Depreciation
At 1 April 2014 & at 31 March 2015
2,341
-
2,341
Net book value
At 31 March 2015
833,705
100
833,805
At 31 March 2014
833,705
100
833,805
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
AvVail Hatfield Power Park Limited
England and Wales
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
AvVail Hatfield Power Park Limited
Currently dormant
100
-
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
191 ordinary shares of £1 each
191
191