Avoca Services Limited - Limited company - abbreviated

REGISTERED NUMBER: 03792415 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2014

for

AVOCA SERVICES LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

A Cartwright

SECRETARY:

Ms L Billingham

REGISTERED OFFICE:

Parkway 4

Longbridge Road

Trafford Park

Manchester

M17 1SN

REGISTERED NUMBER:

03792415 (England and Wales)

ACCOUNTANTS:

KMA Associates

Chartered Certified Accountants

7 Breasy Place

9 Burroughs Gardens

Hendon

London

NW4 4AU

BANKERS:

Barclays Bank plc

63 Stamford New Road

Altrincham

Cheshire

WA14 1DR

SOLICITORS:

Aughton Ainsworth Solicitors

2 Merchants Quay

Salford Quays

Manchester

M50 3XR

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to seven)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Avoca Services Limited for the year ended 31 March 2014 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Avoca Services Limited in accordance with our terms of engagement. Our

work has been undertaken solely to prepare for your approval the financial statements of Avoca Services Limited and

state those matters that we have agreed to state to the director of Avoca Services Limited in this report in accordance

with the requirements of the Association of Chartered Certified Accountants as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Avoca Services Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Avoca Services

Limited. You consider that Avoca Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Avoca Services 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 financial statements.

KMA Associates

Chartered Certified Accountants

7 Breasy Place

9 Burroughs Gardens

Hendon

London

NW4 4AU

11 August 2014

FIXED ASSETS

Tangible assets

2

591,707

664,797

Investments

3

100

591,807

664,897

CURRENT ASSETS

Stocks

381,350

562,650

Debtors

1,936,675

2,072,593

Cash at bank and in hand

49,916

101,204

2,367,941

2,736,447

CREDITORS

Amounts falling due within one year

4

1,323,032

2,160,857

NET CURRENT ASSETS

1,044,909

575,590

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,636,716

1,240,487

CREDITORS

Amounts falling due after more than one
year

4

40,836

29,321

NET ASSETS

1,595,880

1,211,166

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

1,595,780

1,211,066

SHAREHOLDERS' FUNDS

1,595,880

1,211,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 August 2014 and were signed by:

A Cartwright - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Avoca Services Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

1,793,990

Additions

82,000

At 31 March 2014

1,875,990

DEPRECIATION

At 1 April 2013

1,129,193

Charge for year

155,090

At 31 March 2014

1,284,283

NET BOOK VALUE

At 31 March 2014

591,707

At 31 March 2013

664,797

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

100

NET BOOK VALUE

At 31 March 2014

100

At 31 March 2013

100

The company's investments at the balance sheet date in the share capital of companies include the following:

Avoca Motor Products Limited

Nature of business: Wholesaler of motor tyres and battery.

%

Class of shares:

holding

Ordinary

100.00

31.3.14

31.3.13

£

Aggregate capital and reserves

(542,173

)

(201,772

)

Loss for the year

(340,501

)

(347,448

)

4.

CREDITORS

Creditors include an amount of £ 651,123 (31.3.13 - £ 722,869 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

100

Ordinary

£1

100

6.	ULTIMATE PARENT COMPANY

The company is controlled by Manc Capital Limited, a company incorporated in the British Virgin Islands.