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REGISTERED NUMBER: 13667135 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 October 2023

for

Airavat Logistic Ltd

Airavat Logistic Ltd (Registered number: 13667135)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Airavat Logistic Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Y S Ranawat





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 13667135 (England and Wales)






Airavat Logistic Ltd (Registered number: 13667135)

Abridged Statement of Financial Position
31 October 2023

31.10.22 31.10.23
£    £    Notes £    £   
FIXED ASSETS
19,402 Tangible assets 5 14,551

CURRENT ASSETS
9,986 Debtors 1,242
34,389 Cash and cash equivalents 19,093
44,375 20,335
CREDITORS
43,117 Amounts falling due within one year 20,466
1,258 NET CURRENT (LIABILITIES)/ASSETS (131 )
20,660 TOTAL ASSETS LESS CURRENT
LIABILITIES

14,420

CAPITAL AND RESERVES
100 Called up share capital 7 100
20,560 Retained earnings 8 14,320
20,660 SHAREHOLDERS' FUNDS 14,420

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Airavat Logistic Ltd (Registered number: 13667135)

Abridged Statement of Financial Position - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 July 2024 and were signed by:





Y S Ranawat - Director


Airavat Logistic Ltd (Registered number: 13667135)

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

1. STATUTORY INFORMATION

Airavat Logistic Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The director has made no key judgements or estimations in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor Vehicle - 25% on reducing balance
Computer Equipment - 25% on reducing balance

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 statement of financial position date.


Airavat Logistic Ltd (Registered number: 13667135)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 24,381
DEPRECIATION
At 1 November 2022 4,979
Charge for year 4,851
At 31 October 2023 9,830
NET BOOK VALUE
At 31 October 2023 14,551
At 31 October 2022 19,402

Airavat Logistic Ltd (Registered number: 13667135)

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

6. DEFERRED TAX
£   
Balance at 1 November 2022 (404 )
Accelerated Capital Allowances (676 )
Balance at 31 October 2023 (1,080 )

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 November 2022 20,560
Deficit for the year (6,240 )
At 31 October 2023 14,320

Accumulated Profits

Retained earnings represent cumulative profits or losses, net of dividends paid and other adjustments.

9. RELATED PARTY DISCLOSURES

Creditors also include a sum of £403 (£1302 : 2022) for Director's Loan Account. This amount represents the capital injected by the director in order to supplement the company's working capital requirements.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Y S Ranawat.