Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Andrew Shaw 22/05/2024 13 January 2025 The principal activity of the Company during the financial year was providing civil engineering services. SC451704 2024-06-30 SC451704 bus:Director1 2024-06-30 SC451704 2023-06-30 SC451704 core:CurrentFinancialInstruments 2024-06-30 SC451704 core:CurrentFinancialInstruments 2023-06-30 SC451704 core:ShareCapital 2024-06-30 SC451704 core:ShareCapital 2023-06-30 SC451704 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC451704 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC451704 bus:OrdinaryShareClass1 2024-06-30 SC451704 2023-07-01 2024-06-30 SC451704 bus:FilletedAccounts 2023-07-01 2024-06-30 SC451704 bus:SmallEntities 2023-07-01 2024-06-30 SC451704 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC451704 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC451704 bus:Director1 2023-07-01 2024-06-30 SC451704 1 2023-07-01 2024-06-30 SC451704 2022-07-01 2023-06-30 SC451704 core:CurrentFinancialInstruments 2023-07-01 2024-06-30 SC451704 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 SC451704 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC451704 (Scotland)

AVC INFRASTRUCTURE LIMITED
(Formerly Sahura UK Limited)

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

AVC INFRASTRUCTURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

AVC INFRASTRUCTURE LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024
AVC INFRASTRUCTURE LIMITED

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Current assets
Stocks 12,000 0
Debtors 4 274,326 0
Cash at bank and in hand 5 ( 14,869) 1
271,457 1
Creditors: amounts falling due within one year 6 ( 213,144) 0
Net current assets 58,313 1
Total assets less current liabilities 58,313 1
Net assets 58,313 1
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 58,312 0
Total shareholder's funds 58,313 1

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of AVC Infrastructure Limited (registered number: SC451704) were approved and authorised for issue by the Director on 13 January 2025. They were signed on its behalf by:

Andrew Shaw
Director
AVC INFRASTRUCTURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
AVC INFRASTRUCTURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AVC Infrastructure Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Unit 2a The Paddock, Stirling Agricultural Centre, Stirling, FK9 4RN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, which are described in note 1, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the financial year in which the estimate is revised if the revision affects only that financial year, or in the financial year of the revision and future financial years if the revision affects both current and future financial years.

The director does not consider that any critical judgements have been made in the application of the Company's accounting policies and no key sources of estimation uncertainty have been identified that have a significant risk of causing a material misstatement to the carrying amount of assets and liabilities within the financial year.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 0

4. Debtors

2024 2023
£ £
Trade debtors 181,005 0
Other debtors 93,321 0
274,326 0

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand ( 14,869) 1

E Capital Commercial Finance holds a floating charge over all the property and undertakings of the company.

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 136,354 0
Amounts owed to Group undertakings 6,267 0
Taxation and social security 37,164 0
Other creditors 33,359 0
213,144 0

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 (2023: nil shares) 1 0

8. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Amounts due to related party 6,267 0