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Registered number: 12469366
Avanzado Capital Limited
Financial Statements
For The Year Ended 29 February 2024
SAWHNEY CONSULTING
C/O Sawhney Consulting Limited
429 - 433 Pinner Road
Harrow
HA1 4HN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 12469366
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 2,168 327
2,168 327
Creditors: Amounts Falling Due Within One Year 4 (24,538 ) (21,031 )
NET CURRENT ASSETS (LIABILITIES) (22,370 ) (20,704 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,370 ) (20,704 )
NET LIABILITIES (22,370 ) (20,704 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (22,470 ) (20,804 )
SHAREHOLDERS' FUNDS (22,370) (20,704)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Teo Cher Huy
Director
28 November 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Avanzado Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12469366 . The registered office is Harrow Business Centre, 429-433 Pinner Road, North Harrow, Middlesex, HA1 4HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The accounts are prepared on a going concern basis not with standing the fact that the company balance sheet has a negative equity, on the ground that the directors will continue to support the company financially and will not recall this loan owed to him by the company untill such time  the company turns to profitability and financially able to repay.
2.3. Turnover
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 rendering of services.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 24,538 21,031
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 2