Company Registration No. 08387613 (England and Wales)
AUDIO VISION INTEGRATION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
AUDIO VISION INTEGRATION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
AUDIO VISION INTEGRATION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
72,427
31,845
Current assets
Stocks
89,631
80,593
Debtors
164,745
155,990
Cash at bank and in hand
50,972
98,845
305,348
335,428
Creditors: amounts falling due within one year
(306,702)
(355,104)
Net current liabilities
(1,354)
(19,676)
Total assets less current liabilities
71,073
12,169
Creditors: amounts falling due after more than one year
(25,475)
-
Provisions for liabilities
(30,000)
(6,369)
15,598
5,800
Capital and reserves
Called up share capital
3
1,020
1,020
Profit and loss account
14,578
4,780
Shareholders' funds
15,598
5,800
AUDIO VISION INTEGRATION LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 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 financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 16 March 2017
Mr G Lewis
Director
Company Registration No. 08387613
AUDIO VISION INTEGRATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
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 January 2015).
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Computer equipment
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
54,659
Additions
64,725
At 31 March 2016
119,384
Depreciation
At 1 April 2015
22,814
Charge for the year
24,143
At 31 March 2016
46,957
Net book value
At 31 March 2016
72,427
At 31 March 2015
31,845
AUDIO VISION INTEGRATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary A shares of £1 each
1,000
1,000
20 Ordinary B shares of £1 each
20
20
1,020
1,020