Company Registration No. 07574766 (England and Wales)
AVALON OPTIONS LIMITED
Unaudited accounts
for the year ended 31 March 2021
AVALON OPTIONS LIMITED
Unaudited accounts
Contents
AVALON OPTIONS LIMITED
Statement of financial position
as at
31 March 2021
Cash at bank and in hand
20,494
54,870
Creditors: amounts falling due within one year
(29,590)
(17,853)
Net current assets
123,613
86,844
Net assets
123,613
86,844
Called up share capital
3
3
Profit and loss account
123,610
86,841
Shareholders' funds
123,613
86,844
For the year ending 31 March 2021 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.
The financial statements were approved by the Board and authorised for issue on 29 October 2021 and were signed on its behalf by
Miss M J McPherson
Director
Company Registration No. 07574766
AVALON OPTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2021
AVALON OPTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07574766. The registered office 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 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2019.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line method
Fixtures & fittings
25% straight line method
Computer equipment
25% straight line method
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
AVALON OPTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
51,731
39,320
Other debtors
80,978
10,507
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
20,635
17,153
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).