Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-302021-04-28falseConstruction of commercial and domestic buildings4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13363222 2021-04-27 13363222 2021-04-28 2022-04-30 13363222 2020-04-28 2021-04-27 13363222 2022-04-30 13363222 c:Director1 2021-04-28 2022-04-30 13363222 d:PlantMachinery 2021-04-28 2022-04-30 13363222 d:PlantMachinery 2022-04-30 13363222 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-28 2022-04-30 13363222 d:MotorVehicles 2021-04-28 2022-04-30 13363222 d:MotorVehicles 2022-04-30 13363222 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-28 2022-04-30 13363222 d:ComputerEquipment 2021-04-28 2022-04-30 13363222 d:ComputerEquipment 2022-04-30 13363222 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-04-28 2022-04-30 13363222 d:OwnedOrFreeholdAssets 2021-04-28 2022-04-30 13363222 d:CurrentFinancialInstruments 2022-04-30 13363222 d:Non-currentFinancialInstruments 2022-04-30 13363222 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13363222 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 13363222 d:ShareCapital 2022-04-30 13363222 d:RetainedEarningsAccumulatedLosses 2022-04-30 13363222 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-04-30 13363222 c:FRS102 2021-04-28 2022-04-30 13363222 c:AuditExempt-NoAccountantsReport 2021-04-28 2022-04-30 13363222 c:FullAccounts 2021-04-28 2022-04-30 13363222 c:PrivateLimitedCompanyLtd 2021-04-28 2022-04-30 13363222 d:HirePurchaseContracts d:WithinOneYear 2022-04-30 13363222 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-04-30 iso4217:GBP xbrli:pure

Registered number: 13363222









AVM CONSTRUCTION SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2022

 
AVM CONSTRUCTION SERVICES LTD
REGISTERED NUMBER: 13363222

BALANCE SHEET
AS AT 30 APRIL 2022

2022
Note
£

Fixed assets
  

Tangible assets
 4 
32,376

  
32,376

Current assets
  

Debtors: amounts falling due within one year
 5 
22,246

Cash at bank and in hand
 6 
5,025

  
27,271

Creditors: amounts falling due within one year
 7 
(23,926)

Net current assets
  
 
 
3,345

Total assets less current liabilities
  
35,721

Creditors: amounts falling due after more than one year
 8 
(30,617)

  

Net assets
  
5,104


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
5,004

  
5,104


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 August 2022.



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AVM CONSTRUCTION SERVICES LTD
REGISTERED NUMBER: 13363222
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2022


Varis Gudritis
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AVM CONSTRUCTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

1.


General information

AVM Construction Services Ltd is a company limited by shares incorporated in England within the United Kingdom, having a registration number of 13363222. The address of the registered office is 55 Froggatts Ride, Birmingham, Sutton Coldfield, B76 2TQ. The principal activity of the company in the year under review was that of construction of domestic and commerical buildings.
The financial statements are presented in sterling which is 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 3

 
AVM CONSTRUCTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
AVM CONSTRUCTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
Motor vehicles
-
10%
on a reducing balance basis
Computer equipment
-
5%
on a reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the
Page 5

 
AVM CONSTRUCTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

2.Accounting policies (continued)


2.9
Financial instruments (continued)

case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and Loss Account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The average monthly number of employees, including directors, during the period was 4.

Page 6

 
AVM CONSTRUCTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


Additions
1,556
29,615
4,802
35,973



At 30 April 2022

1,556
29,615
4,802
35,973



Depreciation


Charge for the period on owned assets
156
2,961
480
3,597



At 30 April 2022

156
2,961
480
3,597



Net book value



At 30 April 2022
1,400
26,654
4,322
32,376


5.


Debtors

2022
£


Trade debtors
9,246

Prepayments and accrued income
13,000

22,246



6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
5,025

5,025


Page 7

 
AVM CONSTRUCTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

7.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
7,578

Other taxation and social security
265

Obligations under finance lease and hire purchase contracts
5,100

Other creditors
10,983

23,926



8.


Creditors: Amounts falling due after more than one year

2022
£

Net obligations under finance leases and hire purchase contracts
30,617

30,617



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
£


Within one year
5,100

Between 1-5 years
30,617

35,717


10.


Financial instruments

2022
£

Financial assets


Financial assets measured at fair value through profit or loss
5,025



Page 8

 
AVM CONSTRUCTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

11.


Controlling party

During the period, the company was under the control of its director, Varis Gudritis.

 
Page 9