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REGISTERED NUMBER: 05374048 (England and Wales)















AvantGarde Tiling Limited

Unaudited Financial Statements

for the Year Ended 28 February 2024






AvantGarde Tiling Limited (Registered number: 05374048)

Contents of the Financial Statements
for the year ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AvantGarde Tiling Limited

Company Information
for the year ended 28 February 2024







Directors: S S Damian
B Zanasi





Secretaries: B Zanasi
I A Pacurar





Registered office: 2nd Floor
Alpi House
Miles Gray Road
Basildon
Essex
SS14 3HJ





Registered number: 05374048 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

AvantGarde Tiling Limited (Registered number: 05374048)

Balance Sheet
28 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 21,467 37,638
Investments 5 100 100
21,567 37,738

Current assets
Debtors 6 1,070,029 667,840
Cash at bank 193,390 301,951
1,263,419 969,791
Creditors
Amounts falling due within one year 7 365,552 279,296
Net current assets 897,867 690,495
Total assets less current liabilities 919,434 728,233

Creditors
Amounts falling due after more than one
year

8

323,621

252,387
Net assets 595,813 475,846

Capital and reserves
Called up share capital 9 1,000 1,000
Retained earnings 10 594,813 474,846
Shareholders' funds 595,813 475,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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 28 November 2024 and were signed on its behalf by:




B Zanasi - Director


AvantGarde Tiling Limited (Registered number: 05374048)

Notes to the Financial Statements
for the year ended 28 February 2024


1. Statutory information

AvantGarde Tiling 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

AvantGarde Tiling Limited (Registered number: 05374048)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


2. Accounting policies - continued

Government grants
Grants are accounted for under the accruals model as permitted by FRS102.
Grants of a revenue nature are recognised in the income statement in the same period as the related
expenditure.

3. Employees and directors

The average number of employees during the year was 19 (2023 - 22 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 March 2023 150,133
Additions 2,499
At 28 February 2024 152,632
Depreciation
At 1 March 2023 112,495
Charge for year 18,670
At 28 February 2024 131,165
Net book value
At 28 February 2024 21,467
At 28 February 2023 37,638

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 March 2023
and 28 February 2024 100
Net book value
At 28 February 2024 100
At 28 February 2023 100

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 225,861 181,684
Other debtors 844,168 486,156
1,070,029 667,840

AvantGarde Tiling Limited (Registered number: 05374048)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 100,000 100,000
Hire purchase contracts 9,383 11,400
Trade creditors 69,450 118,768
Taxation and social security 90,000 49,563
Other creditors 96,719 (435 )
365,552 279,296

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 141,667 241,667
Hire purchase contracts 2,228 10,720
Other creditors 179,726 -
323,621 252,387

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1 1,000 1,000

10. Reserves
Retained
earnings
£

At 1 March 2023 474,846
Profit for the year 119,967
At 28 February 2024 594,813