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Registered Number: 01824140
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2023

for

ALLVENT LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 15,783    15,986 
15,783    15,986 
Current assets      
Stocks 4 9,260    8,758 
Debtors 5 79,372    42,549 
Cash at bank and in hand 326,213    399,669 
414,845    450,976 
Creditors: amount falling due within one year 6 (96,589)   (89,427)
Net current assets 318,256    361,549 
 
Total assets less current liabilities 334,039    377,535 
Provisions for liabilities 7 (2,821)   (3,037)
Net assets 331,218    374,498 
 

Capital and reserves
     
Called up share capital 8 2    2 
Profit and loss account 331,216    374,496 
Shareholders' funds 331,218    374,498 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 July 2024 and were signed on its behalf by:


-------------------------------
D Brain
Director
1
General Information
Allvent Limited is a private company, limited by shares, registered in England and Wales, registration number 01824140, registration address 33 Inkerman Street , Nechells , Birmingham , West Midlands, B7 4SB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
The Company has transferred the significant risks and rewards of ownership to the buyer
The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
The amount of revenue can be measured reliably;
It is probable that the Company will receive the consideration due under the transaction; and
The costs incurred or to be incurred in respect of the transaction can be measured reliably.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in the other administrative expenses.
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2022 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2023 150,184    17,514    30,827    198,525 
Additions 1,850      999    2,849 
Disposals (1,750)       (1,750)
At 31 December 2023 150,284    17,514    31,826    199,624 
Depreciation
At 01 January 2023 137,082    15,511    29,946    182,539 
Charge for year 1,294    402    426    2,122 
On disposals (820)       (820)
At 31 December 2023 137,556    15,913    30,372    183,841 
Net book values
Closing balance as at 31 December 2023 12,728    1,601    1,454    15,783 
Opening balance as at 01 January 2023 13,102    2,003    881    15,986 


4.

Stocks

2023
£
  2022
£
Stocks & WIP 9,260    8,758 
9,260    8,758 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 79,372    40,569 
Other Debtors   1,980 
79,372    42,549 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 32,356    25,536 
Taxation and Social Security 26,690    18,325 
Other Creditors 37,543    45,566 
96,589    89,427 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 2,821    3,037 
2,821    3,037 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

2