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REGISTERED NUMBER: 10147293 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 April 2022

for

AVELIX LIMITED

AVELIX LIMITED (REGISTERED NUMBER: 10147293)






Contents of the Financial Statements
for the year ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

AVELIX LIMITED

Company Information
for the year ended 30 April 2022







DIRECTORS: J A James
Dr K L James





SECRETARY: B Kotecha





REGISTERED OFFICE: Chells Manor Lodge
2 Manor House Drive
Stevenage
Hertfordshire
SG2 7RR





REGISTERED NUMBER: 10147293 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR

AVELIX LIMITED (REGISTERED NUMBER: 10147293)

Balance Sheet
30 April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,712 20,843

CURRENT ASSETS
Stocks 1,865,380 1,871,543
Debtors 5 12,960 9,862
Cash at bank 490,086 262,597
2,368,426 2,144,002
CREDITORS
Amounts falling due within one year 6 42,566 49,226
NET CURRENT ASSETS 2,325,860 2,094,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,344,572

2,115,619

CREDITORS
Amounts falling due after more than one year 7 1,121,614 927,153
NET ASSETS 1,222,958 1,188,466

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Share premium 1,242,740 1,242,740
Retained earnings (32,282 ) (66,774 )
1,222,958 1,188,466

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.

AVELIX LIMITED (REGISTERED NUMBER: 10147293)

Balance Sheet - continued
30 April 2022


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 11 August 2022 and were signed on its behalf by:





J A James - Director


AVELIX LIMITED (REGISTERED NUMBER: 10147293)

Notes to the Financial Statements
for the year ended 30 April 2022

1. STATUTORY INFORMATION

Avelix 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 represents sales of properties recognised on exchange of contracts and rental income, excluding value added tax.

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 - Reducing balance over 3 years

Stocks
Stocks of land and property are valued at the lower of cost and net realisable value. Cost includes all direct expenditure and attributable overheads.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

AVELIX LIMITED (REGISTERED NUMBER: 10147293)

Notes to the Financial Statements - continued
for the year ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2021 28,860
Additions 9,297
At 30 April 2022 38,157
DEPRECIATION
At 1 May 2021 8,017
Charge for year 11,428
At 30 April 2022 19,445
NET BOOK VALUE
At 30 April 2022 18,712
At 30 April 2021 20,843

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,187 3,816
Other debtors 10,773 6,046
12,960 9,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 4,685 4,685
Trade creditors 626 5,843
Taxation and social security 2,605 916
Other creditors 34,650 37,782
42,566 49,226



AVELIX LIMITED (REGISTERED NUMBER: 10147293)

Notes to the Financial Statements - continued
for the year ended 30 April 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 1,106,837 908,750
Hire purchase contracts 14,777 18,403
1,121,614 927,153

8. ULTIMATE CONTROLLING PARTY

The controlling party is J A James.

The ultimate controlling party is J A James.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Avelix Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avelix Limited for the year ended 30 April 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Avelix Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Avelix Limited and state those matters that we have agreed to state to the Board of Directors of Avelix Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avelix Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Avelix Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Avelix Limited. You consider that Avelix Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Avelix Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Trevor Jones & Partners Ltd
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR


11 August 2022