Registered number
04645389
AVANTGARDE LIFESTYLE LIMITED
Filleted Accounts
31 December 2022
AVANTGARDE LIFESTYLE LIMITED
Registered number: 04645389
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 - 312
Current assets
Debtors 4 240,012 370,232
Cash at bank and in hand 721,513 605,832
961,525 976,064
Creditors: amounts falling due within one year 5 (615,303) (602,855)
Net current assets 346,222 373,209
Net assets 346,222 373,521
Capital and reserves
Called up share capital 1 1
Profit and loss account 346,221 373,520
Shareholders' funds 346,222 373,521
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christiana Magniti
Director
Approved by the board on 23 October 2023
AVANTGARDE LIFESTYLE LIMITED
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 312
At 31 December 2022 312
Depreciation
Charge for the year 312
At 31 December 2022 312
Net book value
At 31 December 2022 -
At 31 December 2021 312
4 Debtors 2022 2021
£ £
Trade debtors 228,360 333,784
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 9,846
Unrealised exchange difference reserve 11,652 26,602
240,012 370,232
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 615,504 603,994
Corporation tax (201) (1,139)
615,303 602,855
6 Other information
AVANTGARDE LIFESTYLE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
102 Langdale House
11 Marshalsea Road
London
SE1 1EN
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