A & V PROJECTS LIMITED Small abbreviated accounts

COMPANY REGISTRATION NUMBER 05712895

A & V PROJECTS LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

29 February 2016

Carringtons Limited Chartered Accountants Hounslow

A & V PROJECTS LIMITED

ABBREVIATED BALANCE SHEET

29 February 2016

	2016	2015
Note	£	£	£
FIXED ASSETS	2
Tangible assets		1,215	1,621
		-------	-------

CURRENT ASSETS

Stocks	3,000		3,000
Debtors	31,633		13,667
Cash at bank and in hand	37,895		53,110
	---------		---------
	72,528		69,777
CREDITORS: Amounts falling due within one year	( 71,173)		( 75,602)
	---------		---------
NET CURRENT ASSETS/(LIABILITIES)		1,355	( 5,825)
		-------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES		2,570	( 4,204)
		-------	-------

CAPITAL AND RESERVES

Called up equity share capital	3		1	1
Profit and loss account		2,569	( 4,205)
		-------	-------
SHAREHOLDER'S FUNDS/(DEFICIT)		2,570	( 4,204)
		-------	-------

For the year ended 29 February 2016 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 of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 29 November 2016 .

Virinder K Sondhi Director

Company Registration Number: 05712895

A & V PROJECTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 29 FEBRUARY 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

Turnover

Turnover represents the value of work invoiced in the year, excluding trade discounts and value added tax, and includes estimates of amounts not invoiced, recognised by reference to the stage of completion.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property-25% reducing balance

Fixtures & Fittings-25% reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the director considers 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 tax is measured on a an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 March 2015 and 29 February 2016	12,076
	---------

DEPRECIATION

At 1 March 2015	10,455
Charge for year	406
	---------
At 29 February 2016	10,861
	---------

NET BOOK VALUE

At 29 February 2016	1,215
	-------

At 28 February 2015	1,621
	-------

3. SHARE CAPITAL

Allotted, called up and fully paid:

2016	2015
No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----