Company Registration No. 12460128 (England and Wales)
AVD Lettings Limited
Unaudited accounts
for the year ended 28 February 2023
AVD Lettings Limited
Unaudited accounts
Contents
AVD Lettings Limited
Company Information
for the year ended 28 February 2023
Directors
Ms E Abelite
Mr P Hrano
Mrs K Grietena
Mr M Zubrickas
Company Number
12460128 (England and Wales)
Registered Office
27 Woodheys Park
Kingswood
Hull
East Yorkshire
HU7 3AN
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AVD Lettings Limited for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
AVD Lettings Limited for the year ended
28 February 2023 as set out on pages
5 -
7 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Kendall Accountancy Services Limited
Chartered Accountants
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
14 July 2023
AVD Lettings Limited
Statement of financial position
as at 28 February 2023
Tangible assets
543,962
543,962
Cash at bank and in hand
48,478
26,321
Creditors: amounts falling due within one year
(323,919)
(378,297)
Net current liabilities
(273,441)
(351,976)
Total assets less current liabilities
270,521
191,986
Creditors: amounts falling due after more than one year
(253,339)
(176,125)
Called up share capital
100
100
Profit and loss account
17,082
15,761
Shareholders' funds
17,182
15,861
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 14 July 2023 and were signed on its behalf by
Mr M Zubrickas
Director
Company Registration No. 12460128
AVD Lettings Limited
Notes to the Accounts
for the year ended 28 February 2023
AVD Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 12460128. The registered office is 27 Woodheys Park, Kingswood, Hull, East Yorkshire, HU7 3AN, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
AVD Lettings Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings
At 28 February 2023
543,962
At 28 February 2023
543,962
At 28 February 2022
543,962
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,615
2,115
Amounts owed to group undertakings and other participating interests
78,985
128,145
Taxes and social security
366
3,697
Other creditors
101,928
109,699
Loans from directors
137,025
134,641
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
253,339
176,125
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 4 (2022: 4).