REGISTERED NUMBER: 06318008 (England and Wales)

AVANTIS SYSTEMS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 AUGUST 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N E Tuson

R J K Rawnsley

REGISTERED OFFICE:

11 The Glenmore Centre

Jessop Court

Waterwells Business Park, Quedgeley

Gloucester

Gloucestershire

GL2 2AP

REGISTERED NUMBER:

06318008 (England and Wales)

ACCOUNTANTS:

Watts Gregory LLP

Chartered Accountants

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

33,973

2,836

33,973

2,836

CURRENT ASSETS

Stocks

153,117

53,829

Debtors

314,969

69,963

Cash at bank and in hand

13,126

698

481,212

124,490

CREDITORS

Amounts falling due within one year

4

(337,311

)

(81,563

)

NET CURRENT ASSETS

143,901

42,927

TOTAL ASSETS LESS CURRENT LIABILITIES

177,874

45,763

CREDITORS

Amounts falling due after more than one year

4

(10,000

)

(26,000

)

PROVISIONS FOR LIABILITIES

(16,340

)

(161

)

NET ASSETS

151,534

19,602

CAPITAL AND RESERVES

Called up share capital

5

100

2

Profit and loss account

151,434

19,600

SHAREHOLDERS' FUNDS

151,534

19,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 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 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 Board of Directors on 30 April 2014 and were signed on its behalf by:

N E Tuson - 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).

Turnover

Turnover represents net amounts billed and billable in respect of the supply of goods and services during the

year.

Intellectual property

Intellectual property is being amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Computer equipment

-

33% on cost

Office equipment

-

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.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Financing of trade debtors

The company has assigned some of its trade debtors to a factoring company. Sales financing charges are

recognised as they accrue and included in the profit and loss account under finance costs.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

5,000

Disposals

(5,000

)

At 31 August 2013

-

AMORTISATION

At 1 September 2012

5,000

Eliminated on disposal

(5,000

)

At 31 August 2013

-

NET BOOK VALUE

At 31 August 2013

-

At 31 August 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

7,379

Additions

35,775

Disposals

(4,250

)

At 31 August 2013

38,904

DEPRECIATION

At 1 September 2012

4,543

Charge for year

2,480

Eliminated on disposal

(2,092

)

At 31 August 2013

4,931

NET BOOK VALUE

At 31 August 2013

33,973

At 31 August 2012

2,836

4.

CREDITORS

Creditors include an amount of £ 84,324 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

2

(2012 - 2 )

98 Ordinary shares of £1 were issued during the year for cash of £ 98 .

6.	ULTIMATE PARENT COMPANY