Registered number
09743814
AVEO360 LTD
Filleted Accounts
31 August 2023
AVEO360 LTD
Registered number: 09743814
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 16,169 19,169
Current assets
Debtors 4 2,299 5,623
Cash at bank and in hand 2,443 2,870
4,742 8,493
Creditors: amounts falling due within one year 5 (360) (420)
Net current assets 4,382 8,073
Total assets less current liabilities 20,551 27,242
Creditors: amounts falling due after more than one year 6 (8,192) (11,217)
Net assets 12,359 16,025
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 10,359 14,025
Shareholders' funds 12,359 16,025
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
OLAKUNLE AKANDE
Director
Approved by the board on 4 March 2024
AVEO360 LTD
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 30,001
At 31 August 2023 30,001
Depreciation
At 1 September 2022 10,832
Charge for the year 3,000
At 31 August 2023 13,832
Net book value
At 31 August 2023 16,169
At 31 August 2022 19,169
4 Debtors 2023 2022
£ £
Other debtors 2,299 5,623
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 360 420
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,192 11,217
7 Other information
AVEO360 LTD is a private company limited by shares and incorporated in England. Its registered office is:
11 AUGUSTINE DRIVE
PENDLEBURY
MANCHESTER
M27 8BS
AVEO360 LTD 09743814 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2022 OLAKUNLE AKANDE No description of principal activity 09743814 2021-09-01 2022-08-31 09743814 core:WithinOneYear 2022-08-31 09743814 core:AfterOneYear 2022-08-31 09743814 core:ShareCapital 2022-08-31 09743814 core:RetainedEarningsAccumulatedLosses 2022-08-31 09743814 2022-09-01 2023-08-31 09743814 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09743814 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09743814 bus:Director40 2022-09-01 2023-08-31 09743814 1 2022-09-01 2023-08-31 09743814 2 2022-09-01 2023-08-31 09743814 core:PlantMachinery 2022-09-01 2023-08-31 09743814 countries:England 2022-09-01 2023-08-31 09743814 bus:FRS102 2022-09-01 2023-08-31 09743814 bus:FullAccounts 2022-09-01 2023-08-31 09743814 2023-08-31 09743814 core:WithinOneYear 2023-08-31 09743814 core:AfterOneYear 2023-08-31 09743814 core:ShareCapital 2023-08-31 09743814 core:RetainedEarningsAccumulatedLosses 2023-08-31 09743814 core:PlantMachinery 2023-08-31 09743814 2022-08-31 09743814 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure