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Company Registration No. 10673197 (England and Wales)
AVANTO LTD Unaudited accounts for the year ended 31 March 2023
AVANTO LTD Unaudited accounts Contents
Page
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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
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AVANTO LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,364 
36,909 
Current assets
Debtors
2,432 
2,804 
Cash at bank and in hand
17,196 
4,069 
19,628 
6,873 
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)
Capital and reserves
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
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AVANTO LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2023
26,364 
- 
26,364 
At 31 March 2022
36,909 
- 
36,909 
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AVANTO LTD Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
532 
904 
Accrued income and prepayments
900 
900 
Other debtors
1,000 
1,000 
2,432 
2,804 
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 
Accruals
550 
450 
58,160 
66,773 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,880 
33,333 
Trade creditors
56,684 
56,726 
91,564 
90,059 
Aggregate of amounts that fall due for payment after five years
12,850 
- 
8
Share capital
2023 
2022 
£ 
£ 
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).
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