AAVIT LTD

Contents
	Page
Balance Sheet	1
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: SC377128

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	7		1,335		862

			1,335		862
CURRENT ASSETS
Stocks	8	2,267		-
Debtors	9	624		600
Cash at bank and in hand		1,548		5,286

		4,439		5,886
Creditors: Amounts Falling Due Within One Year	10	(5,235 )		(2,970 )

NET CURRENT ASSETS (LIABILITIES)			(796 )		2,916

TOTAL ASSETS LESS CURRENT LIABILITIES			539		3,778

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(254 )		-

NET ASSETS			285		3,778

CAPITAL AND RESERVES
Called up share capital	12		2		2
Profit and loss account			283		3,776

SHAREHOLDERS' FUNDS			285		3,778

For the year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr James Getchell

10/10/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 May 2015	2	(689 )	(687)
Profit for the year and total comprehensive income	-	4,465	4,465

As at 30 April 2016 and 1 May 2016	2	3,776	3,778


Profit for the year and total comprehensive income	-	1,007	1,007

Dividends paid	-	(4,500)	(4,500)

As at 30 April 2017	2	283	285

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Reducing Balance

1.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

1.5. Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

1.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

1.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

7. Tangible Assets


	Computer Equipment
	£
Cost
As at 1 May 2016	2,994
Additions	918

As at 30 April 2017	3,912

Depreciation
As at 1 May 2016	2,132
Provided during the period	445

As at 30 April 2017	2,577

Net Book Value
As at 30 April 2017	1,335

As at 1 May 2016	862

Page 4

AAVIT LTD

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 April 2017

8. Stocks

	2017	2016
	£	£
Stock - finished goods	2,267	-

	2,267	-

9. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	624	600

	624	600

10. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Corporation tax	196	1,045
Other taxes and social security	260	130
VAT	689	667
Accruals and deferred income	1,126	1,128
Director's loan account	2,964	-

	5,235	2,970

11. Deferred Taxation

	2017	2016
	£	£
Deferred taxation	254	-


Deferred tax	254	-

The provision for deferred taxation is made up of accelerated capital allowances

12. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

13. Transactions With and Loans to Directors

Dividends paid to directors

	2017	2016
	£	£
Mr James Getchell	4,500	-

Page 5

AAVIT LTD

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 April 2017

14. Dividends

	2017	2016
	£	£
On equity shares:
Interim dividend paid	4,500	-

	4,500	-

15. Related Party Transactions

Included in creditors is a balance due to the director, Mr James Richard Getchel, of £2,964 (2016 - £nil)

16. Ultimate Controlling Party

The company's ultimate controlling party is Mr James Richard Getchell by virtue of his ownership of 100% of the issued share capital in the company.

17. General Information

AAVIT LTD Registered number SC377128 is a limited by shares company incorporated in Scotland. The Registered Office is 4 Islay, Airdrie, ML6 8EA.