REGISTERED NUMBER: 06584703 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

AC. AVAGLEN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V O Cartwright

A Cartwright

SECRETARY:

Mrs V O Cartwright

REGISTERED OFFICE:

23a Newlands Avenue

Norton

Stockton on Tees

TS20 2PQ

REGISTERED NUMBER:

06584703 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff LLP

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

105,915

118,729

CURRENT ASSETS

Debtors

5

7,625

2,159

Cash at bank

107,572

96,987

115,197

99,146

CREDITORS

Amounts falling due within one year

6

11,736

5,257

NET CURRENT ASSETS

103,461

93,889

TOTAL ASSETS LESS CURRENT LIABILITIES

209,376

212,618

PROVISIONS FOR LIABILITIES

7,600

10,302

NET ASSETS

201,776

202,316

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

200,776

201,316

SHAREHOLDERS' FUNDS

201,776

202,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2017 and were signed on its behalf by:

A Cartwright - Director

1.	STATUTORY INFORMATION

AC. AVAGLEN LTD is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to

the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated. The company

adopted FRS 102 for the first time in the current year, resulting in an effective transition date of 1st April 2015.

No significant adjustments arose upon transition to FRS102.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

12.5% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax

rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial

statements of current and previous periods. It is recognised in respect of all timing differences, with certain

exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated

in the financial statements that arise from the inclusion of income and expense in tax assessments in periods

different from those in which they are recognised in the financial statements. Unrelieved tax losses and other

deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the

reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the

balance sheet date that are expected to apply to the reversal of timing differences.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the income statement in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2016

70,000

56,359

450

At 30 June 2017

70,000

56,359

450

DEPRECIATION

At 1 July 2016

2,800

27,034

95

Charge for year

1,400

7,045

68

At 30 June 2017

4,200

34,079

163

NET BOOK VALUE

At 30 June 2017

65,800

22,280

287

At 30 June 2016

67,200

29,325

355

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2016

21,900

4,430

153,139

Additions

-

1,162

1,162

At 30 June 2017

21,900

5,592

154,301

DEPRECIATION

At 1 July 2016

2,248

2,233

34,410

Charge for year

4,910

553

13,976

At 30 June 2017

7,158

2,786

48,386

NET BOOK VALUE

At 30 June 2017

14,742

2,806

105,915

At 30 June 2016

19,652

2,197

118,729

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,250

1,848

Other debtors

5,375

311

7,625

2,159

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

7,105

1,612

Other creditors

4,631

3,645

11,736

5,257

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

Ordinary

1

1,000

1,000