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REGISTERED NUMBER: 03542004 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

AVACS Limited

AVACS Limited (Registered number: 03542004)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


AVACS Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr G B Osgood





REGISTERED OFFICE: 21 Chawton Park Road
Alton
Hampshire
GU34 1RQ





REGISTERED NUMBER: 03542004 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

AVACS Limited (Registered number: 03542004)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,711 19,098

CURRENT ASSETS
Debtors 5 7,900 7,261
Cash at bank and in hand 30,886 46,275
38,786 53,536
CREDITORS
Amounts falling due within one year 6 20,533 24,610
NET CURRENT ASSETS 18,253 28,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,964

48,024

PROVISIONS FOR LIABILITIES 7 10,367 2,925
NET ASSETS 65,597 45,099

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 65,595 45,097
SHAREHOLDERS' FUNDS 65,597 45,099

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 director acknowledges his 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 director and authorised for issue on 18 October 2024 and were signed by:




Mr G B Osgood - Director


AVACS Limited (Registered number: 03542004)

Statement of Changes in Equity
for the Year Ended 30 April 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 2 33,229 33,231

Changes in equity
Profit for the year - 48,568 48,568
Total comprehensive income - 48,568 48,568
Dividends - (36,700 ) (36,700 )
Balance at 30 April 2023 2 45,097 45,099

Changes in equity
Profit for the year - 57,356 57,356
Total comprehensive income - 57,356 57,356
Dividends - (36,858 ) (36,858 )
Balance at 30 April 2024 2 65,595 65,597

AVACS Limited (Registered number: 03542004)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

AVACS 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, 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.
Garden office - 15% reducing balance basis
Plant and machinery - 15% reducing balance basis
Fixtures and fittings - 15% reducing balance basis
Computer equipment - 25% reducing balance basis

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.

3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

AVACS Limited (Registered number: 03542004)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Garden Plant and and Computer
office machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 5,123 61,821 4,004 10,521 81,469
Additions - 49,857 - 4,678 54,535
Disposals - (21,800 ) - - (21,800 )
At 30 April 2024 5,123 89,878 4,004 15,199 114,204
DEPRECIATION
At 1 May 2023 1,421 48,032 3,578 9,340 62,371
Charge for year 555 8,789 64 1,465 10,873
Eliminated on disposal - (16,751 ) - - (16,751 )
At 30 April 2024 1,976 40,070 3,642 10,805 56,493
NET BOOK VALUE
At 30 April 2024 3,147 49,808 362 4,394 57,711
At 30 April 2023 3,702 13,789 426 1,181 19,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,422 2,822
Prepayments 6,478 4,439
7,900 7,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,921 3,786
Corporation tax 6,142 12,203
VAT 3,178 2,811
Directors' loan accounts 3,930 4,499
Accrued expenses 1,362 1,311
20,533 24,610

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,367 2,925

AVACS Limited (Registered number: 03542004)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 2,925
Accelerated capital allowances 7,442
Balance at 30 April 2024 10,367

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,858 (2023 - £36,700) were paid to the director .

2024 2023
£ £
Amount owed to related party at balance sheet date
Mr G Osgood - director 3,930 4,499


10. ULTIMATE CONTROLLING PARTY

During the period under review the company was controlled by Mr G B Osgood, the sole director and shareholder of the company.