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REGISTERED NUMBER: 09459763 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023

FOR

AVYAANS LIMITED

AVYAANS LIMITED (REGISTERED NUMBER: 09459763)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVYAANS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023







DIRECTOR: Mayank Patel





REGISTERED OFFICE: 215-217 Woodhouse Road
Friern Barnet
London
N12 9BD





REGISTERED NUMBER: 09459763 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

AVYAANS LIMITED (REGISTERED NUMBER: 09459763)

BALANCE SHEET
31 AUGUST 2023

31.8.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,000
Tangible assets 5 - 17,679
- 23,679

CURRENT ASSETS
Stocks 6 - 32,250
Debtors 7 8,997 21,449
Cash at bank and in hand 95 15,260
9,092 68,959
CREDITORS
Amounts falling due within one year 8 1,025 54,749
NET CURRENT ASSETS 8,067 14,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,067

37,889

CREDITORS
Amounts falling due after more than one
year

9

-

30,058
NET ASSETS 8,067 7,831

AVYAANS LIMITED (REGISTERED NUMBER: 09459763)

BALANCE SHEET - continued
31 AUGUST 2023

31.8.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 8,066 7,830
SHAREHOLDERS' FUNDS 8,067 7,831

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 29 March 2024 and were signed by:





Mayank Patel - Director


AVYAANS LIMITED (REGISTERED NUMBER: 09459763)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Avyaans 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 as the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being
amortised evenly over its estimated useful life of 20 years.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Depreciation is provided on the following basis:

Plant and Machinery - 10% Straight Line
Leasehold Building - 10% Straight Line

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss

AVYAANS LIMITED (REGISTERED NUMBER: 09459763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period 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 period 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.

Financial instrument
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price,
unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Such assets are
subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and Cash Equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial
institutions, and other short-term highly liquid investments that mature in no more than three months
from the date of acquisition and that are readily convertible to known amounts of cash with
insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from
related parties, are initially recognised at transaction price, unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of the suture
payments discounted at a market rate of interest. Such instruments are subsequently carried at
amortised cost using the effective interest method, less and impairment

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - 2 ).

AVYAANS LIMITED (REGISTERED NUMBER: 09459763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022 20,000
Disposals (20,000 )
At 31 August 2023 -
AMORTISATION
At 1 March 2022 14,000
Eliminated on disposal (14,000 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 28 February 2022 6,000

5. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 March 2022 15,287 50,339 65,626
Disposals (15,287 ) (50,339 ) (65,626 )
At 31 August 2023 - - -
DEPRECIATION
At 1 March 2022 9,557 38,390 47,947
Eliminated on disposal (9,557 ) (38,390 ) (47,947 )
At 31 August 2023 - - -
NET BOOK VALUE
At 31 August 2023 - - -
At 28 February 2022 5,730 11,949 17,679

AVYAANS LIMITED (REGISTERED NUMBER: 09459763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023

6. STOCKS
31.8.23 28.2.22
£    £   
Stocks - 32,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 28.2.22
£    £   
Trade debtors - 11,500
Other debtors 8,997 9,949
8,997 21,449

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 28.2.22
£    £   
Bank loans and overdrafts - 9,552
Taxation and social security - 17,130
Other creditors 1,025 28,067
1,025 54,749

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.23 28.2.22
£    £   
Bank loans - 30,058

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 28.2.22
value: £    £   
1 Ordinary Share 1 1 1

AVYAANS LIMITED (REGISTERED NUMBER: 09459763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023

11. RESERVES
Retained
earnings
£   

At 1 March 2022 7,830
Profit for the period 236
At 31 August 2023 8,066