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REGISTERED NUMBER: 07765959 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

AVIS INDIE ART LIMITED

AVIS INDIE ART LIMITED (REGISTERED NUMBER: 07765959)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVIS INDIE ART LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: M.A. Avis





REGISTERED OFFICE: 6, de Caldwell Drive,
Newark,
Nottinghamshire
NG24 4JS





REGISTERED NUMBER: 07765959 (England and Wales)





ACCOUNTANT: David Pattinson
233 London Road
Balderton
Newark
Nottinghamshire
NG24 3HA

AVIS INDIE ART LIMITED (REGISTERED NUMBER: 07765959)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,155 11,445

CURRENT ASSETS
Stocks 28,060 26,841
Debtors 5 1,255 7,849
Cash at bank 48 1,365
29,363 36,055
CREDITORS
Amounts falling due within one year 6 85,845 74,645
NET CURRENT LIABILITIES (56,482 ) (38,590 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,327

)

(27,145

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (43,328 ) (27,146 )
SHAREHOLDERS' FUNDS (43,327 ) (27,145 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 17 April 2024 and were signed by:





M.A. Avis - Director


AVIS INDIE ART LIMITED (REGISTERED NUMBER: 07765959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Avis Indie Art 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 at the fair value of the consideration received or receivable, excluding discounts, rebates and 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 - 20% on cost
Fixtures and fittings - 10% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

AVIS INDIE ART LIMITED (REGISTERED NUMBER: 07765959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2022 27,700 - 27,700
Additions 157 2,000 2,157
At 30 September 2023 27,857 2,000 29,857
DEPRECIATION
At 1 October 2022 16,255 - 16,255
Charge for year 247 200 447
At 30 September 2023 16,502 200 16,702
NET BOOK VALUE
At 30 September 2023 11,355 1,800 13,155
At 30 September 2022 11,445 - 11,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 7,500
VAT 1,075 174
Prepayments 180 175
1,255 7,849

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 109 57
Director's loan account 85,036 73,888
Accrued expenses 700 700
85,845 74,645

7. SOLVENCY

The company is technically insolvent, but the director has given an undertaking that he will not repay his loan (see note 8) in preference to other creditors.