pinacle 6.0 2017.03.01 Avenet Accountancy Ltd 11938755 2023-04-01 2024-03-31 false 11938755 frs:CurrentFinancialInstruments frs:WithinOneYear 2024-03-31 11938755 frs:CurrentFinancialInstruments 2024-03-31 11938755 frs:NetGoodwill 2024-03-31 11938755 frs:Non-currentFinancialInstruments frs:AfterOneYear 2024-03-31 11938755 2024-03-31 11938755 frs:RetainedEarningsAccumulatedLosses 2024-03-31 11938755 frs:ShareCapital 2024-03-31 11938755 2024-03-31 11938755 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11938755 uk-bus:Director1 2023-04-01 2024-03-31 11938755 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 11938755 frs:NetGoodwill 2023-04-01 2024-03-31 11938755 uk-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11938755 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11938755 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11938755 uk-bus:SmallEntities 2023-04-01 2024-03-31 11938755 2023-04-01 2024-03-31 11938755 frs:CurrentFinancialInstruments frs:WithinOneYear 2023-03-31 11938755 frs:CurrentFinancialInstruments 2023-03-31 11938755 frs:NetGoodwill 2023-03-31 11938755 frs:Non-currentFinancialInstruments frs:AfterOneYear 2023-03-31 11938755 2023-03-31 11938755 frs:ShareCapital 2023-03-31 11938755 2023-03-31 11938755 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares











Avenet Accountancy Ltd

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024




















Company Registration Number - 11938755

















AVENET ACCOUNTANCY

IFA Accountants



1.
Avenet Accountancy Ltd
COMPANY NUMBER - 11938755

Balance sheet as at 31 March 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS
Intangible assets 4
20,000
24,000

Current assets




Debtors 5 10,475
13,539

Cash at bank and in hand
31,489
24,708




41,964
38,247
Current liabilities




Creditors - Amounts
falling due within one year 6 21,726
18,305


NET CURRENT ASSETS

20,238
19,942


Total assets less current liabilities

40,238
43,942






Creditors - Amounts falling

due after more than one year 6
(8,697)
(12,555)


Net assets

31,541
31,387














2.
Avenet Accountancy Ltd
COMPANY NUMBER - 11938755

Balance sheet as at 31 March 2024





2024
2023

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 7
100
100

Profit and Loss account

31,441
31,287


Shareholders' funds

31,541
31,387



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 March 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 24 December 2024
and signed on their behalf by:




L Avenet



Director



The notes on pages 3 to 4 form an integral part of these accounts.


3.
Avenet Accountancy Ltd

Notes to the Financial Statements

For the year ended 31 March 2024


1. General Information

Avenet Accountancy Ltd is a Private Company, limited by shares, domiciled in England and Wales, registration number 11938755.


The company's registered office is 4 Namu Road, Bournemourh, Dorset, BH9 2QU.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:



Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


3. Employees

The average number employed by the company (including directors) during the year 2024 was 2
and in the previous year 2023 was 2.


4.
Avenet Accountancy Ltd

Notes to the Financial Statements

For the year ended 31 March 2024


4. Fixed assets - intangible

Goodwill


Fair value £
At 1 April 2023 40,000
and 31 March 2024

Amortisation
At 1 April 2023 16,000
Charge for year 4,000

At 31 March 2024 20,000

Net book values
At 31 March 2024 20,000

At 1 April 2023 24,000




2024
2023


£
£
5. Debtors

Due within one year:



Trade debtors 10,475
13,539



6. Creditors

Amounts falling due within one year:



Trade creditors 1,535
510
Spare 20
20
Taxation and social security 17,330
17,587
Director's Current Accounts 2,841
188


21,726 18,305


Amounts falling due after one year:



Other creditors:



Other 8,697
12,555




7. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 100
100