Company Registration No. 14685556 (England and Wales)
Avenue’97 Ltd
Unaudited accounts
for the period from 23 February 2023 to 29 February 2024
Avenue’97 Ltd
Unaudited accounts
Contents
Avenue’97 Ltd
Company Information
for the period from 23 February 2023 to 29 February 2024
Directors
Adriano Billa
Taoulant Billa
Company Number
14685556 (England and Wales)
Avenue’97 Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
1,807
Creditors: amounts falling due within one year
(62,629)
Net current liabilities
(51,322)
Profit and loss account
(44,165)
Shareholders' funds
(44,163)
For the period ending 29 February 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.
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 8 August 2024 and were signed on its behalf by
Adriano Billa
Director
Company Registration No. 14685556
Avenue’97 Ltd
Notes to the Accounts
for the period from 23 February 2023 to 29 February 2024
Avenue’97 Ltd is a private company, limited by shares, registered in England and Wales, registration number 14685556.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Plant & machinery
Straight Line Method -25%
4
Tangible fixed assets
Plant & machinery
Charge for the period
2,386
Amounts falling due within one year
Avenue’97 Ltd
Notes to the Accounts
for the period from 23 February 2023 to 29 February 2024
6
Creditors: amounts falling due within one year
2024
Taxes and social security
103
Loans from directors
61,590
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
During the year, company owed £63,590 to the director of the company.
9
Average number of employees
During the period the average number of employees was 2.