IRIS Accounts Production v23.3.0.418 08488632 director 1.5.22 30.4.23 30.4.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084886322022-04-30084886322023-04-30084886322022-05-012023-04-30084886322021-04-30084886322021-05-012022-04-30084886322022-04-3008488632ns10:Originalns15:EnglandWales2022-05-012023-04-3008488632ns14:PoundSterlingns10:Original2022-05-012023-04-3008488632ns10:Originalns10:Director12022-05-012023-04-3008488632ns10:Original2022-05-012023-04-3008488632ns10:Original2023-04-3008488632ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3008488632ns10:Originalns10:SmallEntities2022-05-012023-04-3008488632ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3008488632ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3008488632ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3008488632ns10:Originalns10:FullAccounts2022-05-012023-04-3008488632ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3008488632ns10:CompanySecretary1ns10:Original2022-05-012023-04-3008488632ns10:Originalns10:RegisteredOffice2022-05-012023-04-3008488632ns10:Original2022-04-3008488632ns10:Originalns5:CurrentFinancialInstruments2023-04-3008488632ns10:Originalns5:CurrentFinancialInstruments2022-04-3008488632ns10:Originalns5:Non-currentFinancialInstruments2023-04-3008488632ns10:Originalns5:Non-currentFinancialInstruments2022-04-3008488632ns5:ShareCapitalns10:Original2023-04-3008488632ns5:ShareCapitalns10:Original2022-04-3008488632ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3008488632ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3008488632ns10:Originalns5:PlantMachinery2022-05-012023-04-3008488632ns10:Original2021-05-012022-04-3008488632ns10:Originalns5:PlantMachinery2022-04-3008488632ns10:Originalns5:ComputerEquipment2022-04-3008488632ns10:Original2022-04-3008488632ns10:Originalns5:ComputerEquipment2022-05-012023-04-3008488632ns10:Originalns5:PlantMachinery2023-04-3008488632ns10:Originalns5:ComputerEquipment2023-04-3008488632ns10:Originalns5:PlantMachinery2022-04-3008488632ns10:Originalns5:ComputerEquipment2022-04-3008488632ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008488632ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3008488632ns10:Originalns5:DeferredTaxation2022-04-3008488632ns10:Originalns5:DeferredTaxation2022-05-012023-04-3008488632ns10:Originalns5:DeferredTaxation2023-04-3008488632ns10:Originalns10:OrdinaryShareClass12023-04-3008488632ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3008488632ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-30
















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Avtico Limited

Avtico Limited (Registered number: 08488632)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Avtico Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: J R Haigh





SECRETARY:





REGISTERED OFFICE: 45 Forlease Road
Maidenhead
Berkshire
SL6 1RX





REGISTERED NUMBER: 08488632 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Avtico Limited (Registered number: 08488632)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220 445

CURRENT ASSETS
Stocks 5 1,800 1,800
Debtors 6 8,070 14,383
Cash at bank and in hand 12,054 8,893
21,924 25,076
CREDITORS
Amounts falling due within one year 7 10,812 13,047
NET CURRENT ASSETS 11,112 12,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,332

12,474

CREDITORS
Amounts falling due after more than one year 8 (8,333 ) (12,333 )

PROVISIONS FOR LIABILITIES 9 (42 ) (85 )
NET ASSETS 2,957 56

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 2,956 55
SHAREHOLDERS' FUNDS 2,957 56

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





J R Haigh - Director


Avtico Limited (Registered number: 08488632)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Avtico Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

Computer equipment25%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office &
Plant and sundry
machinery equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 637 2,174 2,811
DEPRECIATION
At 1 May 2022 637 1,729 2,366
Charge for year - 225 225
At 30 April 2023 637 1,954 2,591
NET BOOK VALUE
At 30 April 2023 - 220 220
At 30 April 2022 - 445 445

Avtico Limited (Registered number: 08488632)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. STOCKS
30.4.23 30.4.22
£    £   
Stocks 1,800 1,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 370 4,555
Directors' current accounts 7,700 9,828
8,070 14,383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 3,626 5,650
Tax 1,075 884
VAT 861 1,273
Other creditors 4,000 4,000
Credit card 410 400
Accrued expenses 840 840
10,812 13,047

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Other creditors 8,333 12,333

9. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 42 85

Deferred
tax
£   
Balance at 1 May 2022 85
Provided during year (43 )
Balance at 30 April 2023 42

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
1 Ordinary £1 1 1

Avtico Limited (Registered number: 08488632)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

11. RESERVES
Retained
earnings
£   

At 1 May 2022 55
Profit for the year 4,401
Dividends (1,500 )
At 30 April 2023 2,956

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J R Haigh.