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Company registration number: 11487072
AVAT Services Limited
Unaudited filleted financial statements
31 July 2023
AVAT Services Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
AVAT Services Limited
Directors and other information
Director Mr G Towey
Company number 11487072
Registered office 106 Moston Lane East
Manchester
M40 3QL
Accountant J P Gallagher & Co
106 Moston Lane East
Manchester
M40 3QL
AVAT Services Limited
Statement of financial position
31 July 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 6 10,485 10,485
_______ _______
10,485 10,485
Creditors: amounts falling due
within one year 7 ( 11,416) ( 10,480)
_______ _______
Net current (liabilities)/assets ( 931) 5
_______ _______
Total assets less current liabilities ( 931) 5
_______ _______
Net (liabilities)/assets ( 931) 5
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account ( 932) 4
_______ _______
Shareholder (deficit)/funds ( 931) 5
_______ _______
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 April 2024 , and are signed on behalf of the board by:
Mr G Towey
Director
Company registration number: 11487072
AVAT Services Limited
Notes to the financial statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 106 Moston Lane East, Manchester, M40 3QL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Staff costs
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
The aggregate payroll costs incurred during the year were:
2023 2022
£ £
Wages and salaries - 105
_______ _______
5. Dividends
Equity dividends
2023 2022
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) - 11,500
_______ _______
6. Debtors
2023 2022
£ £
Other debtors 10,485 10,485
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 1,667 1,263
Corporation tax 8,749 8,217
Other creditors 1,000 1,000
_______ _______
11,416 10,480
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr G Towey 10,485 - 10,485
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr G Towey ( 67) 10,552 10,485
_______ _______ _______