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REGISTERED NUMBER: 13980725 (England and Wales)















Unaudited Financial Statements

for the Period 16 March 2022 to 31 March 2023

for

Avalis Glacier Water Ltd

Avalis Glacier Water Ltd (Registered number: 13980725)






Contents of the Financial Statements
for the Period 16 March 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Avalis Glacier Water Ltd

Company Information
for the Period 16 March 2022 to 31 March 2023







DIRECTOR: J Gallani





REGISTERED OFFICE: 12 Greenway Farm Bath Road
Wick
United Kingdom
Bristol
BS30 5RL





REGISTERED NUMBER: 13980725 (England and Wales)





ACCOUNTANTS: Equifino Ltd
128 City Road
London
EC1V 2NX

Avalis Glacier Water Ltd (Registered number: 13980725)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 491

CURRENT ASSETS
Debtors 5 112,788
Cash at bank 379
113,167
CREDITORS
Amounts falling due within one year 6 435,645
NET CURRENT LIABILITIES (322,478 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(321,987

)

RESERVES
Retained earnings (321,987 )
(321,987 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Avalis Glacier Water Ltd (Registered number: 13980725)

Balance Sheet - continued
31 March 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





J Gallani - Director


Avalis Glacier Water Ltd (Registered number: 13980725)

Notes to the Financial Statements
for the Period 16 March 2022 to 31 March 2023

1. STATUTORY INFORMATION

Avalis Glacier Water Ltd 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.

Going concern

The financial statements have been prepared on a going concern basis. The director has a reasonable expectation that despite the continued adverse effects of COVID-19 and the current economic climate, the company has adequate resources and support to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Avalis Glacier Water Ltd (Registered number: 13980725)

Notes to the Financial Statements - continued
for the Period 16 March 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 period 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.

Avalis Glacier Water Ltd (Registered number: 13980725)

Notes to the Financial Statements - continued
for the Period 16 March 2022 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 736
At 31 March 2023 736
DEPRECIATION
Charge for period 245
At 31 March 2023 245
NET BOOK VALUE
At 31 March 2023 491

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 49,074
Other debtors 33,458
VAT 30,256
112,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 76,240
Social security and other taxes 34,215
Other creditors 310,158
Directors' current accounts 15,032
435,645