Company Registration No. 09668230 (England and Wales)
AVEL LIMITED
Unaudited accounts
for the year ended 31 July 2023
AVEL LIMITED
Unaudited accounts
Contents
AVEL LIMITED
Company Information
for the year ended 31 July 2023
Company Number
09668230 (England and Wales)
Accountants
VR Accountancy Ltd
207
Liverpool Road
Manchester
M44 6DA
AVEL LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
4,643
2,675
Cash at bank and in hand
63,887
56,309
Creditors: amounts falling due within one year
(31,039)
(30,323)
Net current assets
32,848
25,986
Called up share capital
500
500
Profit and loss account
36,991
28,161
Shareholders' funds
37,491
28,661
For the year ending 31 July 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 12 September 2023 and were signed on its behalf by
OLIYNYK, Pavlo
Director
Company Registration No. 09668230
AVEL LIMITED
Notes to the Accounts
for the year ended 31 July 2023
AVEL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09668230.
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
Computer Equipment
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
400
-
Taxes and social security
27,808
22,344
AVEL LIMITED
Notes to the Accounts
for the year ended 31 July 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).