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REGISTERED NUMBER: 08164813 (England and Wales)















Avani Solutions Limited

Unaudited Financial Statements

for the year ended

31 July 2023






Avani Solutions Limited (Registered number: 08164813)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6

Chartered Accountants' Report 7

Avani Solutions Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: Miss A J Thomson
P H G Turner





REGISTERED OFFICE: 8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 08164813 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Avani Solutions Limited (Registered number: 08164813)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 32,068 17,224
Tangible assets 5 40,977 14,730
73,045 31,954

CURRENT ASSETS
Stocks 63,222 23,724
Debtors 6 491,075 402,466
Cash at bank and in hand 326,615 207,600
880,912 633,790
CREDITORS
Amounts falling due within one year 7 (351,180 ) (315,835 )
NET CURRENT ASSETS 529,732 317,955
TOTAL ASSETS LESS CURRENT LIABILITIES 602,777 349,909

CREDITORS
Amounts falling due after more than one year 8 (20,295 ) (41,643 )

PROVISIONS FOR LIABILITIES (7,786 ) -
NET ASSETS 574,696 308,266

CAPITAL AND RESERVES
Called up share capital 10 234 234
Share premium 117,406 117,406
Retained earnings 457,056 190,626
SHAREHOLDERS' FUNDS 574,696 308,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Miss A J Thomson - Director


Avani Solutions Limited (Registered number: 08164813)

Notes to the Financial Statements
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Avani Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Motor vehicles - 25% on cost

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Avani Solutions Limited (Registered number: 08164813)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022 27,300
Additions 27,385
At 31 July 2023 54,685
AMORTISATION
At 1 August 2022 10,076
Charge for year 12,541
At 31 July 2023 22,617
NET BOOK VALUE
At 31 July 2023 32,068
At 31 July 2022 17,224

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 46,898 8,950 55,848
Additions 4,805 31,344 36,149
At 31 July 2023 51,703 40,294 91,997
DEPRECIATION
At 1 August 2022 37,948 3,170 41,118
Charge for year 5,706 4,196 9,902
At 31 July 2023 43,654 7,366 51,020
NET BOOK VALUE
At 31 July 2023 8,049 32,928 40,977
At 31 July 2022 8,950 5,780 14,730

Avani Solutions Limited (Registered number: 08164813)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 8,950
Additions 31,344
At 31 July 2023 40,294
DEPRECIATION
At 1 August 2022 3,170
Charge for year 4,196
At 31 July 2023 7,366
NET BOOK VALUE
At 31 July 2023 32,928
At 31 July 2022 5,780

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 455,211 370,682
Other debtors 35,864 31,784
491,075 402,466

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts (see note 9) 9,002 3,051
Trade creditors 79,967 95,708
Taxation and social security 197,570 166,065
Other creditors 24,641 11,011
351,180 315,835

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 40,000
Hire purchase contracts (see note 9) 20,295 1,643
20,295 41,643

Avani Solutions Limited (Registered number: 08164813)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 9,002 3,051
Between one and five years 20,295 1,643
29,297 4,694

Non-cancellable operating leases
2023 2022
£    £   
Within one year 65,485 75,517
Between one and five years 53,581 63,145
119,066 138,662

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
234 Ordinary 1 234 234

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Miss A J Thomson
Balance outstanding at start of year 3,710 2,694
Amounts advanced 1,496 1,016
Amounts repaid (1,869 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,337 3,710

The above loan is interest free with no set repayment terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Avani Solutions Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avani Solutions Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Avani Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Avani Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Avani Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avani Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Avani Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Avani Solutions Limited. You consider that Avani Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Avani Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................