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REGISTERED NUMBER: 09312053 (England and Wales)















ADDED VALUE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022






ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADDED VALUE SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2022







DIRECTORS: S Lukas
Mrs J L Lukas





REGISTERED OFFICE: Unit 4 Coney Green Business Centre
Wingfield View
Clay Cross
Chesterfield
S45 9JW





REGISTERED NUMBER: 09312053 (England and Wales)





ACCOUNTANTS: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)

BALANCE SHEET
30 April 2022

30/4/22 30/4/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 40,000
Tangible assets 5 10,075 6,272
Investments 6 16,267 16,267
26,342 62,539

CURRENT ASSETS
Debtors 7 25,555 27,158
Cash at bank 88,613 147,180
114,168 174,338
CREDITORS
Amounts falling due within one year 8 236,657 329,633
NET CURRENT LIABILITIES (122,489 ) (155,295 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(96,147

)

(92,756

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (96,148 ) (92,757 )
(96,147 ) (92,756 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 1 September 2022 and were signed on its behalf by:




Mrs J L Lukas - Director



S Lukas - Director


ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Added Value Solutions Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of seven years.

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 etc - 25% on cost

Investments
Investments in Crypto currencies during the year have been recognised at cost. Profits and losses have been taken to the income statement. They will be reviewed annually for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2021
and 30 April 2022 280,000
AMORTISATION
At 1 May 2021 240,000
Charge for year 40,000
At 30 April 2022 280,000
NET BOOK VALUE
At 30 April 2022 -
At 30 April 2021 40,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2021 14,014
Additions 6,284
At 30 April 2022 20,298
DEPRECIATION
At 1 May 2021 7,742
Charge for year 2,481
At 30 April 2022 10,223
NET BOOK VALUE
At 30 April 2022 10,075
At 30 April 2021 6,272

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2021
and 30 April 2022 16,267
NET BOOK VALUE
At 30 April 2022 16,267
At 30 April 2021 16,267

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/22 30/4/21
£    £   
Trade debtors 3,318 6,980
Amounts owed by group undertakings 3,092 1,977
Other debtors 19,145 18,201
25,555 27,158

ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/22 30/4/21
£    £   
Bank loans and overdrafts 41,464 51,303
Trade creditors 10,503 13,574
Amounts owed to group undertakings - 135
Taxation and social security 37,095 35,836
Other creditors 147,595 228,785
236,657 329,633

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2022 and 30 April 2021:

30/4/22 30/4/21
£    £   
S Lukas
Balance outstanding at start of year 312 (5,208 )
Amounts advanced 312 -
Amounts repaid (5,312 ) 5,520
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,688 ) 312

Mrs J L Lukas
Balance outstanding at start of year 1,083 (208 )
Amounts advanced 3,812 -
Amounts repaid (10,703 ) 1,291
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,808 ) 1,083

10. RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £121,378 (2021 £209,957) due to M Wickersham.

Included in other creditors is a balance of £Nil (2021 £135) due to AVN Newco 8 Limited.

Included in other debtors is a balance of £868 (2021 £551) due from AVN Research.

Included in other debtors is a balance of £1,523 (2021 £888) due from AVN Newco Spinout 8 Limited.

Included in other debtors is a balance of £701 (2021:£538) due from AVN Newco Spinout 9 Limited.