1 March 2022 false No description of principal activity Taxfiler 2023.10.1 12460128business:PrivateLimitedCompanyLtd2022-03-012023-02-28 124601282022-02-28 124601282022-03-012023-02-28 12460128business:AuditExemptWithAccountantsReport2022-03-012023-02-28 12460128business:FilletedAccounts2022-03-012023-02-28 124601282023-02-28 12460128business:Director12022-03-012023-02-28 12460128business:Director22022-03-012023-02-28 12460128business:Director32022-03-012023-02-28 12460128business:Director42022-03-012023-02-28 12460128business:RegisteredOffice2022-03-012023-02-28 124601282022-02-28 12460128core:WithinOneYear2023-02-28 12460128core:WithinOneYear2022-02-28 12460128core:AfterOneYear2023-02-28 12460128core:AfterOneYear2022-02-28 12460128core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 12460128core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 12460128core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 12460128core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 12460128core:PreviouslyStatedAmount2023-02-28 12460128core:PreviouslyStatedAmount2022-02-28 12460128business:SmallEntities2022-03-012023-02-28 12460128countries:EnglandWales2022-03-012023-02-28 12460128core:LandBuildings2022-03-012023-02-28 12460128core:LandBuildings2022-02-28 12460128core:LandBuildings2023-02-28 12460128business:OrdinaryShareClass12022-03-012023-02-28 12460128business:OrdinaryShareClass12021-03-012022-02-28 124601282021-03-012022-02-28 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
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
- 4 -
AVD Lettings Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
543,962 
543,962 
Current assets
Debtors
2,000 
- 
Cash at bank and in hand
48,478 
26,321 
50,478 
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)
Net assets
17,182 
15,861 
Capital and reserves
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
- 5 -
AVD Lettings Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
Turnover
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
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.
Pension costs
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:
Land & buildings
0% cost
- 6 -
AVD Lettings Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2022
543,962 
At 28 February 2023
543,962 
Depreciation
At 28 February 2023
- 
Net book value
At 28 February 2023
543,962 
At 28 February 2022
543,962 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,000 
- 
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 
323,919 
378,297 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
253,339 
176,125 
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 4 (2022: 4).
- 7 -