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REGISTERED NUMBER: 07069331









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AVM STORAGE SOLUTIONS LTD

AVM STORAGE SOLUTIONS LTD (REGISTERED NUMBER: 07069331)






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 STORAGE SOLUTIONS 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: 07069331





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

AVM STORAGE SOLUTIONS LTD (REGISTERED NUMBER: 07069331)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 109,243 110,312

CURRENT ASSETS
Debtors 5 631,919 880,769
Cash at bank and in hand 108,715 266,736
740,634 1,147,505
CREDITORS
Amounts falling due within one year 6 (214,330 ) (292,805 )
NET CURRENT ASSETS 526,304 854,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,547

965,012

CREDITORS
Amounts falling due after more than one
year

7

(19,834

)

(33,833

)

PROVISIONS FOR LIABILITIES (26,370 ) (26,500 )
NET ASSETS 589,343 904,679

CAPITAL AND RESERVES
Called up share capital 9 50 50
Capital redemption reserve 10 50 50
Retained earnings 10 589,243 904,579
SHAREHOLDERS' FUNDS 589,343 904,679

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 STORAGE SOLUTIONS LTD (REGISTERED NUMBER: 07069331)

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 STORAGE SOLUTIONS LTD (REGISTERED NUMBER: 07069331)

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

1. STATUTORY INFORMATION

Avm Storage Solutions Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 10% on cost
Fixtures and fittings - 20% 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 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.

AVM STORAGE SOLUTIONS LTD (REGISTERED NUMBER: 07069331)

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

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 341,759 15,396 42,875 18,269 418,299
Additions 3,000 - 26,250 - 29,250
At 31 January 2024 344,759 15,396 69,125 18,269 447,549
DEPRECIATION
At 1 February 2023 248,619 10,724 30,375 18,269 307,987
Charge for year 15,299 2,207 12,813 - 30,319
At 31 January 2024 263,918 12,931 43,188 18,269 338,306
NET BOOK VALUE
At 31 January 2024 80,841 2,465 25,937 - 109,243
At 31 January 2023 93,140 4,672 12,500 - 110,312

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 189,734 179,416
Amounts owed by group undertakings 434,920 695,845
Other debtors 7,265 5,508
631,919 880,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,000 14,000
Trade creditors 7,296 23,937
Amounts owed to group undertakings 38,000 -
Taxation and social security 46,563 94,215
Other creditors 108,471 160,653
214,330 292,805

AVM STORAGE SOLUTIONS LTD (REGISTERED NUMBER: 07069331)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,834 33,833

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,834 47,833

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

Assets are pledged as security over group banking facilities.

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 February 2023 904,579 50 904,629
Profit for the year 184,664 - 184,664
Dividends (500,000 ) - (500,000 )
At 31 January 2024 589,243 50 589,293

11. 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).