Company Registration No. 09562713 (England and Wales)
Avegen Limited
Unaudited accounts
for the year ended 30 April 2024
Avegen Limited
Unaudited accounts
Contents
Avegen Limited
Company Information
for the year ended 30 April 2024
Director
Nayanabhiram Kalnad
Company Number
09562713 (England and Wales)
Registered Office
64 Vaughan Road
Harrow
Middlesex
HA1 4EE
England
Accountants
Embee Oak
Cardinal Point
Park Road
Rickmansworth
Herts
WD3 1RE
Avegen Limited
Statement of financial position
as at 30 April 2024
Tangible assets
1,312
2,265
Investments
394,759
394,759
Cash at bank and in hand
784,592
1,132,056
Creditors: amounts falling due within one year
(363,140)
(459,843)
Net current assets
614,898
933,842
Net assets
1,010,969
1,330,866
Called up share capital
1,442
1,442
Share premium
30,600
30,600
Profit and loss account
978,927
1,298,824
Shareholders' funds
1,010,969
1,330,866
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
Nayanabhiram Kalnad
Director
Company Registration No. 09562713
Avegen Limited
Notes to the Accounts
for the year ended 30 April 2024
Avegen Limited is a private company, limited by shares, registered in England and Wales, registration number 09562713. The registered office is 64 Vaughan Road, Harrow, Middlesex, HA1 4EE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
915
17,095
18,010
At 30 April 2024
915
18,968
19,883
At 1 May 2023
672
15,073
15,745
Charge for the year
244
2,582
2,826
At 30 April 2024
916
17,655
18,571
At 30 April 2024
(1)
1,313
1,312
At 30 April 2023
243
2,022
2,265
5
Investments
Other investments
Valuation at 1 May 2023
394,759
Valuation at 30 April 2024
394,759
Avegen Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
121,129
159,287
Accrued income and prepayments
53,197
88,718
Other debtors
19,120
13,624
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
187,315
176,625
Taxes and social security
80,429
135,456
Other creditors
1,784
1,786
Loans from directors
2,940
2,000
8
Average number of employees
During the year the average number of employees was 9 (2023: 6).