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REGISTERED NUMBER: 09312053 (England and Wales)















ADDED VALUE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADDED VALUE SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: S Lukas
Mrs J L Lukas





REGISTERED OFFICE: Unit 4 Coney Green Business Centre
Wingfield View
Clay Cross
Chesterfield
S45 9JW





REGISTERED NUMBER: 09312053 (England and Wales)





ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)

BALANCE SHEET
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 450 -
Tangible assets 5 6,779 8,197
Investments 6 16,267 16,267
23,496 24,464

CURRENT ASSETS
Debtors 7 37,390 28,039
Cash at bank 9,825 40,868
47,215 68,907
CREDITORS
Amounts falling due within one year 8 120,761 147,658
NET CURRENT LIABILITIES (73,546 ) (78,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,050

)

(54,287

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (50,051 ) (54,288 )
(50,050 ) (54,287 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2024 and were signed on its behalf by:





Mrs J L Lukas - Director


ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Added Value Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments
Investments in Crypto currencies during the year have been recognised at cost. Profits and losses have been taken to the income statement. They will be reviewed annually for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023 280,000 - 280,000
Additions - 450 450
At 30 April 2024 280,000 450 280,450
AMORTISATION
At 1 May 2023
and 30 April 2024 280,000 - 280,000
NET BOOK VALUE
At 30 April 2024 - 450 450
At 30 April 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 20,143
Additions 2,659
Disposals (6,237 )
At 30 April 2024 16,565
DEPRECIATION
At 1 May 2023 11,946
Charge for year 3,913
Eliminated on disposal (6,073 )
At 30 April 2024 9,786
NET BOOK VALUE
At 30 April 2024 6,779
At 30 April 2023 8,197

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 16,267
NET BOOK VALUE
At 30 April 2024 16,267
At 30 April 2023 16,267

ADDED VALUE SOLUTIONS LIMITED (REGISTERED NUMBER: 09312053)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 24,258 7,794
Amounts owed by group undertakings - 1,138
Other debtors 13,132 19,107
37,390 28,039

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 41,458 41,814
Trade creditors 9,783 9,826
Taxation and social security 42,938 36,824
Other creditors 26,582 59,194
120,761 147,658

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
S Lukas
Balance outstanding at start of year - (4,688 )
Amounts advanced - 5,017
Amounts repaid - (329 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs J L Lukas
Balance outstanding at start of year (5,716 ) (5,808 )
Amounts advanced 10,957 5,809
Amounts repaid (4,937 ) (5,717 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 304 (5,716 )

10. RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £nil (2023 £34,326) due to M Wickersham.

Included in other debtors is a balance of £nil (2023 £1,138) due from SHCL AVN Newco Spinout 8 Limited.