Registration number:
Unaudited Abbreviated Accounts
for the Period from
Avery Commercials Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Avery Commercials Limited
for the Period Ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Avery Commercials Limited for the period ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
Although not a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), wherever possible we have carried out this engagement in accordance with its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Avery Commercials Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Avery Commercials Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avery Commercials Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Avery Commercials Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Avery Commercials Limited. You consider that Avery Commercials Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Avery Commercials Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Abacus Accountants
21 Castlewood Avenue
Highweek
NEWTON ABBOT
Devon
TQ12 1NX
7 December 2015
Avery Commercials Limited
(Registration number: 09032774)
Abbreviated Balance Sheet at 31 March 2015
Note |
31 March 2015 |
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£ |
£ |
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
.........................................
Mrs Michaela Jane Avery
Director
2
Avery Commercials Limited
Notes to the Abbreviated Accounts for the Period from 9 May 2014 to 31 March 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
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Plant and machinery |
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Hire purchase and leasing
Financial instruments
Avery Commercials Limited
Notes to the Abbreviated Accounts for the Period from 9 May 2014 to 31 March 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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Additions |
16,000 |
17,210 |
33,210 |
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At 31 March 2015 |
16,000 |
17,210 |
33,210 |
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Depreciation |
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Charge for the period |
2,867 |
2,776 |
5,643 |
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At 31 March 2015 |
2,867 |
2,776 |
5,643 |
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Net book value |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
31 March 2015 |
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No. |
£ |
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New shares allotted
During the period
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