Company Registration No. 07574766 (England and Wales)
AVALON OPTIONS LIMITED
Unaudited accounts
for the year ended 31 March 2017
AVALON OPTIONS LIMITED
Unaudited accounts
Contents
AVALON OPTIONS LIMITED
Company Information
for the year ended 31 March 2017
Director
Miss M J McPherson
Company Number
07574766 (England and Wales)
Registered Office
MYOSOTIS
CHELWOOD GATE
HAYWARDS HEATH
East Sussex
RH17 7LA
Accountants
Neil Ward
Myosotis
Isle Of Thorns Lane
Chelwood Gate
East Sussex
RH17 7LA
AVALON OPTIONS LIMITED
Statement of financial position
as at
31 March 2017
Cash at bank and in hand
33,519
18,635
Creditors: amounts falling due within one year
(9,822)
(5,915)
Net current assets
31,197
12,720
Called up share capital
1
1
Profit and loss account
31,196
12,719
Shareholders' funds
31,197
12,720
For the year ending 31 March 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 her 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 26 July 2017.
Miss M J McPherson
Director
Company Registration No. 07574766
AVALON OPTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2017
AVALON OPTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07574766. The registered office and principal place of business is MYOSOTIS, CHELWOOD GATE, HAYWARDS HEATH, East Sussex, RH17 7LA.
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 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 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.
5
Creditors: amounts falling due within one year
2017
2016
Corporation tax
8,994
5,009
Loans from directors
328
411
6
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
AVALON OPTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2017
7
Average number of employees
During the year the average number of employees was 1 (2016: 1).