Registered number
11050852
AVA Concept Audio Video Automation Limited
Unaudited Filleted Accounts
31 December 2023
AVA Concept Audio Video Automation Limited
Registered number: 11050852
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,969 9,965
Current assets
Work in progress 11,495 11,660
Debtors 4 11,178 15,856
Cash at bank and in hand 10,354 15,174
33,027 42,690
Creditors: amounts falling due within one year 5 (53,287) (48,640)
Net current liabilities (20,260) (5,950)
Net (liabilities)/assets (11,291) 4,015
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,391) 3,915
Shareholder's funds (11,291) 4,015
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Marcin Kulas
Director
Approved by the board on 11 September 2024
AVA Concept Audio Video Automation Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Work - in - progress
Work - in- progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Furniture, Fitting & Equipments
£
Cost
At 1 January 2023 17,429
At 31 December 2023 17,429
Depreciation
At 1 January 2023 7,463
Charge for the year 997
At 31 December 2023 8,460
Net book value
At 31 December 2023 8,969
At 31 December 2022 9,965
4 Debtors 2023 2022
£ £
Trade debtors 1,177 682
Other debtors 10,001 15,174
11,178 15,856
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,767 9,520
Trade creditors 15,974 11,408
Taxation and social security costs 22,884 16,766
Other creditors 7,662 10,946
53,287 48,640
6 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 5,628 5,601
7 Loans to directors
Unsecured and interest free B/fwd Paid Repaid C/fwd
£ £ £ £
Marcin Kulas 14,976 (61,502) 56,528 10,002
14,976 (61,502) 56,528 10,002
8 Other information
AVA Concept Audio Video Automation Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Great Barn Crescent
West End Village
Woking
England
GU24 9FX
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