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REGISTERED NUMBER: 12339912 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Avant Garde Solutions Limited

Avant Garde Solutions Limited (Registered number: 12339912)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Avant Garde Solutions Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Dr R Hughes





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 12339912 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Avant Garde Solutions Limited (Registered number: 12339912)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 287,711 20,864
Tangible assets 5 346,710 360,995
634,421 381,859

CURRENT ASSETS
Debtors 6 523,600 519,672
Cash at bank and in hand 3,501 14,369
527,101 534,041
CREDITORS
Amounts falling due within one year 7 1,482,064 1,213,955
NET CURRENT LIABILITIES (954,963 ) (679,914 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(320,542

)

(298,055

)

CREDITORS
Amounts falling due after more than
one year

8

87,799

92,043
NET LIABILITIES (408,341 ) (390,098 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (408,441 ) (390,198 )
(408,341 ) (390,098 )

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 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.

Avant Garde Solutions Limited (Registered number: 12339912)

Balance Sheet - continued
31 July 2023


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 30 July 2024 and were signed by:





Dr R Hughes - Director


Avant Garde Solutions Limited (Registered number: 12339912)

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

1. STATUTORY INFORMATION

Avant Garde 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that future economic benefits will flow to the entity.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Website development costs are being amortised evenly over their estimated useful life of ten 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 etc - 15% on reducing balance

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Avant Garde Solutions Limited (Registered number: 12339912)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

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.

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 NIL (2022 - 3 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022 24,338
Additions 300,000
At 31 July 2023 324,338
AMORTISATION
At 1 August 2022 3,474
Charge for year 33,153
At 31 July 2023 36,627
NET BOOK VALUE
At 31 July 2023 287,711
At 31 July 2022 20,864

Avant Garde Solutions Limited (Registered number: 12339912)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 460,468
Additions 22,965
At 31 July 2023 483,433
DEPRECIATION
At 1 August 2022 99,473
Charge for year 37,250
At 31 July 2023 136,723
NET BOOK VALUE
At 31 July 2023 346,710
At 31 July 2022 360,995

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 56,272
Additions 21,541
At 31 July 2023 77,813
DEPRECIATION
At 1 August 2022 13,523
Charge for year 7,459
At 31 July 2023 20,982
NET BOOK VALUE
At 31 July 2023 56,831
At 31 July 2022 42,749

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by participating interests 506,652 506,652
Other debtors 16,948 13,020
523,600 519,672

Avant Garde Solutions Limited (Registered number: 12339912)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 23,319 16,909
Trade creditors 46,467 33,344
Amounts owed to participating interests 491,713 557,983
Amounts owed to associates 905,768 588,916
Taxation and social security 9,241 8,300
Other creditors - 2,947
1,482,064 1,213,955

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 33,334 38,890
Hire purchase contracts 54,465 53,153
87,799 92,043

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,111 16,667

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 38,890 44,446
Hire purchase contracts 77,784 70,062
116,674 114,508

10. RELATED PARTY DISCLOSURES

Included in creditors is £51,331 (2021: £593,962) due to the parent company and £588,915 (2021 £361,345) due to companies which share a director with Avant Garde Solutions Limited which are all interest free and repayable on demand. Group accounts are not required.