AVL Technologies Ltd
Registered number: 09961673
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,001 2,419
Current assets
Debtors 4 84,081 37,001
Cash at bank and in hand 3,296 4,480
87,377 41,481
Creditors: amounts falling due within one year 5 (134,813) (112,107)
Net current liabilities (47,436) (70,626)
Total assets less current liabilities (36,435) (68,207)
Creditors: amounts falling due after more than one year 6 38,026 70,071
Net assets 1,591 1,864
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 591 864
Shareholders' funds 1,591 1,864
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
Mr A Wyatt
Director
Approved by the board on 10 April 2024
AVL Technologies Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 6,996 - 6,996
Additions - 12,250 12,250
At 31 January 2024 6,996 12,250 19,246
Depreciation
At 1 February 2023 4,577 - 4,577
Charge for the year 605 3,063 3,668
At 31 January 2024 5,182 3,063 8,245
Net book value
At 31 January 2024 1,814 9,187 11,001
At 31 January 2023 2,419 - 2,419
4 Debtors 2024 2023
£ £
Trade debtors 65,603 15,003
Other debtors 18,478 21,998
84,081 37,001
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,418 3,418
Trade creditors 21,110 32,901
Corporation tax 89,876 62,037
Other taxes and social security costs 19,159 12,501
Other creditors 1,250 1,250
134,813 112,107
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,415 12,000
Other creditors (47,441) (82,071)
(38,026) (70,071)
7 Controlling party
The ultimate controlling parties during rthe year were Mr A Wyatt and Mr P Hudspeth.
8 Other information
AVL Technologies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Park Grove
Knaresborough
HG5 9ET
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