2023-06-012024-05-312024-05-31false09534810FIRST AV 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FIRST AV LIMITED

Registered Number
09534810
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

FIRST AV LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

BOTTOMLEY, Charlotte
DIXON, Ross

Registered Address

15 Riverside Studios Amethyst Road
Newcastle Business Park
Newcastle Upon Tyne
NE4 7YL

Registered Number

09534810 (England and Wales)
FIRST AV LIMITED
Statement of Financial Position
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets328,91724,065
28,91724,065
Current assets
Debtors123,130152,611
Cash at bank and on hand3,83660,334
126,966212,945
Creditors amounts falling due within one year(65,258)(114,369)
Net current assets (liabilities)61,70898,576
Total assets less current liabilities90,625122,641
Creditors amounts falling due after one year(13,572)(19,373)
Net assets77,053103,268
Capital and reserves
Called up share capital100100
Profit and loss account76,953103,168
Shareholders' funds77,053103,268
The financial statements were approved and authorised for issue by the Board of Directors on 21 October 2024, and are signed on its behalf by:
BOTTOMLEY, Charlotte
Director
DIXON, Ross
Director

Registered Company No. 09534810
FIRST AV LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Office Equipment-5
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 2351,770
Additions12,397
At 31 May 2464,167
Depreciation and impairment
At 01 June 2327,705
Charge for year7,545
At 31 May 2435,250
Net book value
At 31 May 2428,917
At 31 May 2324,065