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Registered Number: SC632673
Scotland

 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

AVOCADO 55 LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Avocado 55 Limited for the year ended 31 March 2024.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Avocado 55 Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Avocado 55 Limited , as a body, in accordance with the terms of our engagement letter dated 19 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Avocado 55 Limited and state those matters that we have agreed to state to the Board of Directors of Avocado 55 Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avocado 55 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Avocado 55 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Avocado 55 Limited . You consider that Avocado 55 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Avocado 55 Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Fouette Accountancy Solutions Limited
82A Selby Lane
Keyworth
Nottingham
NG12 5AJ
19 July 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,245    733 
1,245    733 
Current assets      
Debtors 470,066    423,510 
Cash at bank and in hand 296,216    233,320 
766,282    656,830 
Creditors: amount falling due within one year (364,371)   (389,054)
Net current assets 401,911    267,776 
 
Total assets less current liabilities 403,156    268,509 
Net assets 403,156    268,509 
 

Capital and reserves
     
Called up share capital 165    165 
Capital Redemption Reserve 35    35 
Profit and loss account 402,956    268,309 
Shareholders' funds 403,156    268,509 
 


For the year ended 31 March 2024 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 19 July 2024 and were signed on its behalf by:


-------------------------------
Dominic STEEL
Director
2
General Information
Avocado 55 Limited is a private company, limited by shares, registered in Scotland, registration number SC632673, registration address 14 Francis Street, Dornie,, Kyle, Ross-shire, IV40 8DT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
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
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:
Computer Equipment 33% Straight Line
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2023 2,200    2,200 
Additions 1,867    1,867 
Disposals  
At 31 March 2024 4,067    4,067 
Depreciation
At 01 April 2023 1,467    1,467 
Charge for year 1,355    1,355 
On disposals  
At 31 March 2024 2,822    2,822 
Net book values
Closing balance as at 31 March 2024 1,245    1,245 
Opening balance as at 01 April 2023 733    733 


3