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REGISTERED NUMBER: 04447941 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2023

for

AVAT Ltd

AVAT Ltd (Registered number: 04447941)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVAT Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: V Woodcraft





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 04447941 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

AVAT Ltd (Registered number: 04447941)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 392 306

CURRENT ASSETS
Stocks 925 925
Debtors 5 42,798 71,051
Cash at bank and in hand 356,993 385,992
400,716 457,968
CREDITORS
Amounts falling due within one year 6 155,368 198,268
NET CURRENT ASSETS 245,348 259,700
TOTAL ASSETS LESS CURRENT LIABILITIES 245,740 260,006

CREDITORS
Amounts falling due after more than one
year

7

31,944

40,278
NET ASSETS 213,796 219,728

AVAT Ltd (Registered number: 04447941)

Balance Sheet - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 213,696 219,628
SHAREHOLDERS' FUNDS 213,796 219,728

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 21 July 2023 and were signed by:





V Woodcraft - Director


AVAT Ltd (Registered number: 04447941)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

AVAT Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 04447941. The registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, RG7 1WY. The business address is 450 Brook Drive, Green Park, Reading, RG2 6UB.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% 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.


AVAT Ltd (Registered number: 04447941)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

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 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 5,331
Additions 588
At 31 May 2023 5,919
DEPRECIATION
At 1 June 2022 5,025
Charge for year 502
At 31 May 2023 5,527
NET BOOK VALUE
At 31 May 2023 392
At 31 May 2022 306

AVAT Ltd (Registered number: 04447941)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 41,158 59,910
Other debtors 1,640 11,141
42,798 71,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors 4,362 80,280
Taxation and social security 42,189 52,833
Other creditors 100,484 56,822
155,368 198,268

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 31,944 40,278

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,945