Company Registration No. 10673197 (England and Wales)
AVANTO LTD
Unaudited accounts
for the year ended 31 March 2023
AVANTO LTD
Unaudited accounts
Contents
AVANTO LTD
Company Information
for the year ended 31 March 2023
Director
Volodymyr Kryvenko
Secretary
Volodymyr Kryvenko
Company Number
10673197 (England and Wales)
Registered Office
THE COLMORE BUILDING 20 COLMORE CIRCUS
QUEENSWAY
BIRMINGHAM
B4 6AT
ENGLAND
AVANTO LTD
Statement of financial position
as at 31 March 2023
Tangible assets
26,364
36,909
Cash at bank and in hand
17,196
4,069
Creditors: amounts falling due within one year
(58,160)
(66,773)
Net current liabilities
(38,532)
(59,900)
Total assets less current liabilities
(12,168)
(22,991)
Creditors: amounts falling due after more than one year
(91,564)
(90,059)
Net liabilities
(103,732)
(113,050)
Called up share capital
100
100
Profit and loss account
(103,832)
(113,150)
Shareholders' funds
(103,732)
(113,050)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2023 and were signed on its behalf by
Volodymyr Kryvenko
Director
Company Registration No. 10673197
AVANTO LTD
Notes to the Accounts
for the year ended 31 March 2023
AVANTO LTD is a private company, limited by shares, registered in England and Wales, registration number 10673197. The registered office is THE COLMORE BUILDING 20 COLMORE CIRCUS, QUEENSWAY, BIRMINGHAM, B4 6AT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
52,727
2,695
55,422
Disposals
-
(2,695)
(2,695)
At 31 March 2023
52,727
-
52,727
At 1 April 2022
15,818
2,695
18,513
Charge for the year
10,545
-
10,545
On disposals
-
(2,695)
(2,695)
At 31 March 2023
26,363
-
26,363
At 31 March 2023
26,364
-
26,364
At 31 March 2022
36,909
-
36,909
AVANTO LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
900
900
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,507
10,000
Taxes and social security
3,934
8,154
Other creditors
42,700
42,700
Loans from directors
5,469
5,469
7
Creditors: amounts falling due after more than one year
2023
2022
Trade creditors
56,684
56,726
Aggregate of amounts that fall due for payment after five years
12,850
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).