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REGISTERED NUMBER: 03151964 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Avanti Business Equipment Ltd

Avanti Business Equipment Ltd (Registered number: 03151964)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Avanti Business Equipment Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr S Thurston
Mrs J Thurston





SECRETARY: Mrs J Thurston





REGISTERED OFFICE: Unit 13 Wharfside Business Park
Irlam Wharf Road
Irlam
Manchester
Greater Manchester
M44 5PN





REGISTERED NUMBER: 03151964 (England and Wales)





ACCOUNTANTS: Beauchamp Charles Chartered Accountants
145a Ashley Road
Hale
Altrincham
Cheshire
WA14 2UW

Avanti Business Equipment Ltd (Registered number: 03151964)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174 273

CURRENT ASSETS
Stocks 5 235,000 235,657
Debtors 6 135,096 167,643
Cash at bank and in hand 6,019 39,102
376,115 442,402
CREDITORS
Amounts falling due within one year 7 359,857 441,874
NET CURRENT ASSETS 16,258 528
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,432

801

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,332 701
SHAREHOLDERS' FUNDS 16,432 801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 16 October 2024 and were signed on its behalf by:





Mr S Thurston - Director


Avanti Business Equipment Ltd (Registered number: 03151964)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Avanti Business Equipment Ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Avanti Business Equipment Ltd (Registered number: 03151964)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023
and 29 February 2024 200 21,677 6,000 14,907 42,784
DEPRECIATION
At 1 March 2023 200 21,677 6,000 14,634 42,511
Charge for year - - - 99 99
At 29 February 2024 200 21,677 6,000 14,733 42,610
NET BOOK VALUE
At 29 February 2024 - - - 174 174
At 28 February 2023 - - - 273 273

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 235,000 235,657

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 135,096 125,572
Other debtors - 42,071
135,096 167,643

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 275,029 370,407
Taxation and social security 70,855 52,328
Other creditors 13,973 19,139
359,857 441,874

Avanti Business Equipment Ltd (Registered number: 03151964)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr S Thurston and Mrs J Thurston
Balance outstanding at start of year 42,071 21,671
Amounts advanced - 42,071
Amounts repaid (42,071 ) (21,671 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 42,071

During the year the company rented land and buildings from Mr S Thurston The rent paid to Mr S Thurston amounted to £54,000 (£54,000 - 2023).