IRIS Accounts Production v24.3.0.553 03452470 director 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034524702023-01-31034524702024-01-31034524702023-02-012024-01-31034524702022-01-31034524702022-02-012023-01-31034524702023-01-3103452470ns15:EnglandWales2023-02-012024-01-3103452470ns14:PoundSterling2023-02-012024-01-3103452470ns10:Director12023-02-012024-01-3103452470ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3103452470ns10:SmallEntities2023-02-012024-01-3103452470ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3103452470ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3103452470ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3103452470ns10:FullAccounts2023-02-012024-01-310345247012023-02-012024-01-3103452470ns10:OrdinaryShareClass12023-02-012024-01-3103452470ns10:RegisteredOffice2023-02-012024-01-3103452470ns5:CurrentFinancialInstruments2024-01-3103452470ns5:CurrentFinancialInstruments2023-01-3103452470ns5:Non-currentFinancialInstruments2024-01-3103452470ns5:Non-currentFinancialInstruments2023-01-3103452470ns5:ShareCapital2024-01-3103452470ns5:ShareCapital2023-01-3103452470ns5:RetainedEarningsAccumulatedLosses2024-01-3103452470ns5:RetainedEarningsAccumulatedLosses2023-01-3103452470ns5:NetGoodwill2023-02-012024-01-3103452470ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3103452470ns5:PlantMachinery2023-02-012024-01-3103452470ns5:MotorVehicles2023-02-012024-01-3103452470ns5:ComputerEquipment2023-02-012024-01-3103452470ns5:NetGoodwill2023-01-3103452470ns5:NetGoodwill2024-01-3103452470ns5:NetGoodwill2023-01-3103452470ns5:PlantMachinery2023-01-3103452470ns5:MotorVehicles2023-01-3103452470ns5:ComputerEquipment2023-01-3103452470ns5:PlantMachinery2024-01-3103452470ns5:MotorVehicles2024-01-3103452470ns5:ComputerEquipment2024-01-3103452470ns5:PlantMachinery2023-01-3103452470ns5:MotorVehicles2023-01-3103452470ns5:ComputerEquipment2023-01-3103452470ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3103452470ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3103452470ns5:Secured2024-01-3103452470ns5:Secured2023-01-3103452470ns10:OrdinaryShareClass12024-01-3103452470ns5:RetainedEarningsAccumulatedLosses2023-01-3103452470ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 03452470 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AVM INTERNATIONAL LTD.

AVM INTERNATIONAL LTD. (REGISTERED NUMBER: 03452470)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVM INTERNATIONAL LTD.

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: C A J Perry





REGISTERED OFFICE: Freedom House
Rutherford Way
Cheltenham
Gloucestershire
GL51 9TU





REGISTERED NUMBER: 03452470 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

AVM INTERNATIONAL LTD. (REGISTERED NUMBER: 03452470)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 700
Tangible assets 5 33,419 24,180
33,419 24,880

CURRENT ASSETS
Debtors 6 76,056 325,774
Cash at bank and in hand 27,114 70,999
103,170 396,773
CREDITORS
Amounts falling due within one year 7 (97,949 ) (57,290 )
NET CURRENT ASSETS 5,221 339,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,640

364,363

CREDITORS
Amounts falling due after more than one
year

8

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (8,107 ) -
NET ASSETS 16,366 340,196

CAPITAL AND RESERVES
Called up share capital 10 50 50
Retained earnings 11 16,316 340,146
SHAREHOLDERS' FUNDS 16,366 340,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

AVM INTERNATIONAL LTD. (REGISTERED NUMBER: 03452470)

BALANCE SHEET - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





C A J Perry - Director


AVM INTERNATIONAL LTD. (REGISTERED NUMBER: 03452470)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Avm International 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
No significant judgements or estimations have been used in preparing the financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

AVM INTERNATIONAL LTD. (REGISTERED NUMBER: 03452470)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 3,500
AMORTISATION
At 1 February 2023 2,800
Charge for year 700
At 31 January 2024 3,500
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 700

AVM INTERNATIONAL LTD. (REGISTERED NUMBER: 03452470)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 27,931 56,370 5,051 89,352
Additions - 23,667 - 23,667
At 31 January 2024 27,931 80,037 5,051 113,019
DEPRECIATION
At 1 February 2023 14,504 48,199 2,469 65,172
Charge for year 4,444 9,117 867 14,428
At 31 January 2024 18,948 57,316 3,336 79,600
NET BOOK VALUE
At 31 January 2024 8,983 22,721 1,715 33,419
At 31 January 2023 13,427 8,171 2,582 24,180

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,674 40,851
Amounts owed by group undertakings 38,000 281,675
Other debtors 382 3,248
76,056 325,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,885 -
Amounts owed to group undertakings 48,156 -
Taxation and social security 16,202 32,309
Other creditors 19,706 14,981
97,949 57,290

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,167 24,167

AVM INTERNATIONAL LTD. (REGISTERED NUMBER: 03452470)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,167 34,167

Bank loans are secured by a charge over the assets of the company.

Assets are pledged as security over group banking facilities.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50

11. RESERVES
Retained
earnings
£   

At 1 February 2023 340,146
Profit for the year 26,170
Dividends (350,000 )
At 31 January 2024 16,316

12. OTHER FINANCIAL COMMITMENTS

At the year end the company had total guarantees, contingencies or other financial commitments amounting to £2,250,000 (2023 - £2,250,000).