1 April 2023 false No description of principal activity Taxfiler 2024.5 SC647337business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC6473372023-03-31 SC6473372023-04-012024-03-31 SC647337business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC647337business:AbridgedAccounts2023-04-012024-03-31 SC6473372024-03-31 SC647337business:Director12023-04-012024-03-31 SC647337business:Director22023-04-012024-03-31 SC647337business:RegisteredOffice2023-04-012024-03-31 SC6473372023-03-31 SC647337core:WithinOneYear2024-03-31 SC647337core:WithinOneYear2023-03-31 SC647337core:AfterOneYear2024-03-31 SC647337core:AfterOneYear2023-03-31 SC647337core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC647337core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC647337core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC647337core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC647337core:PreviouslyStatedAmount2024-03-31 SC647337core:PreviouslyStatedAmount2023-03-31 SC647337business:SmallEntities2023-04-012024-03-31 SC647337countries:Scotland2023-04-012024-03-31 SC647337core:LandBuildings2023-04-012024-03-31 SC647337core:FurnitureFittings2023-04-012024-03-31 SC647337core:ComputerEquipment2023-04-012024-03-31 SC647337core:BetweenOneFiveYears2024-03-31 SC647337core:BetweenOneFiveYears2023-03-31 SC6473372022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC647337 (Scotland)
Avi Boutique Ltd Unaudited accounts for the year ended 31 March 2024
Avi Boutique Ltd Unaudited accounts Contents
Page
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Avi Boutique Ltd Company Information for the year ended 31 March 2024
Directors
G Innes A Innes
Company Number
SC647337 (Scotland)
Registered Office
Meikle Urchany Farm Cawdor Nairn IV12 5SF
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Avi Boutique Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,025 
1,963 
Current assets
Inventories
11,387 
28,340 
Debtors
8,413 
3,453 
Cash at bank and in hand
7,905 
29,397 
27,705 
61,190 
Creditors: amounts falling due within one year
(11,599)
(33,392)
Net current assets
16,106 
27,798 
Total assets less current liabilities
17,131 
29,761 
Creditors: amounts falling due after more than one year
(3,834)
(5,834)
Provisions for liabilities
Deferred tax
(119)
(207)
Net assets
13,178 
23,720 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,078 
23,620 
Shareholders' funds
13,178 
23,720 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by
G Innes Director Company Registration No. SC647337
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Avi Boutique Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Avi Boutique Ltd is a private company, limited by shares, registered in Scotland, registration number SC647337. The registered office is Meikle Urchany Farm, Cawdor, Nairn, IV12 5SF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Avi Boutique Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
4,684 
At 31 March 2024
4,684 
Depreciation
At 1 April 2023
2,721 
Charge for the year
938 
At 31 March 2024
3,659 
Net book value
At 31 March 2024
1,025 
At 31 March 2023
1,963 
5
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
11,250 
- 
Later than one year and not later than five years
- 
26,250 
11,250 
26,250 
6
Loans to directors
Included in other debtors is a loan to the director G Innes of £2,870 (2023 - creditor). The loan is interest free, unsecured and has no fixed terms of repayment.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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