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Registered number: 13694372
Avenue Snacks Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 13694372
31 October 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 30,000 30,000
Tangible Assets 4 3,030 4,040
33,030 34,040
CURRENT ASSETS
Stocks 5 1,000 12,750
Debtors 6 - 2,500
Cash at bank and in hand 1,019 3,671
2,019 18,921
Creditors: Amounts Falling Due Within One Year 7 (68,864 ) (54,195 )
NET CURRENT ASSETS (LIABILITIES) (66,845 ) (35,274 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,815 ) (1,234 )
NET LIABILITIES (33,815 ) (1,234 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (33,816 ) (1,235 )
SHAREHOLDERS' FUNDS (33,815) (1,234)
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Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Marie Goodchild
Director
16/07/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 21 October 2021 - - -
Loss for the period and total comprehensive income - (1,235 ) (1,235)
Arising on shares issued during the period 1 - 1
As at 31 October 2022 and 1 November 2022 1 (1,235 ) (1,234)
Loss for the year and total comprehensive income - (32,581 ) (32,581)
As at 31 October 2023 1 (33,816 ) (33,815)
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Fixtures & Fittings 25% Reducing balance
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2022: 3)
3 3
3. Intangible Assets
Other
£
Cost
As at 1 November 2022 30,000
As at 31 October 2023 30,000
Net Book Value
As at 31 October 2023 30,000
As at 1 November 2022 30,000
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 4,340
As at 31 October 2023 4,340
Depreciation
As at 1 November 2022 300
Provided during the period 1,010
As at 31 October 2023 1,310
Net Book Value
As at 31 October 2023 3,030
As at 1 November 2022 4,040
5. Stocks
31 October 2023 31 October 2022
£ £
Finished goods 1,000 12,750
6. Debtors
31 October 2023 31 October 2022
£ £
Due within one year
Other debtors - 2,500
- 2,500
7. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 October 2022
£ £
Trade creditors - 219
Bank loans and overdrafts 7 -
Other taxes and social security 486 412
Other creditors 17,978 -
Director's loan account 50,393 53,564
68,864 54,195
8. Share Capital
31 October 2023 31 October 2022
£ £
Allotted, Called up and fully paid 1 1
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9. General Information
Avenue Snacks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13694372 . The registered office is 120 Cavendish Place, Eastbourne, BN21 3TZ.
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