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Company Registration No. 13889134 (England and Wales)
Avata Digital Ltd Unaudited accounts for the period from 1 March 2023 to 28 February 2024
Avata Digital Ltd Unaudited accounts Contents
Page
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Avata Digital Ltd Company Information for the period from 1 March 2023 to 28 February 2024
Director
Christina Maria Ziegler
Company Number
13889134 (England and Wales)
Registered Office
86-90 Paul Street London EC2A 4NE England
Accountants
Embrace Accountants Ltd 37 St. Leonards Drive Nottingham NG8 2BB
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Avata Digital Ltd Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
- 
18,000 
Cash at bank and in hand
63 
65,828 
63 
83,828 
Creditors: amounts falling due within one year
(19,327)
(38,744)
Net current (liabilities)/assets
(19,264)
45,084 
Net (liabilities)/assets
(19,264)
45,084 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(19,265)
45,083 
Shareholders' funds
(19,264)
45,084 
For the period ending 28 February 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 14 January 2025 and were signed on its behalf by
Christina Maria Ziegler Director Company Registration No. 13889134
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Avata Digital Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
Avata Digital Ltd is a private company, limited by shares, registered in England and Wales, registration number 13889134. The registered office is 86-90 Paul Street, London, EC2A 4NE, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the period 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 taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting
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Avata Digital Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
18,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
15,267 
Other creditors
7,900 
21,250 
Loans from directors
11,032 
2,227 
Accruals
395 
- 
19,327 
38,744 
6
Transactions with related parties
The company had an outstanding directors loan in the name of C M Ziegler of £11,032 (2023: £2,227) at the year end. This loan is interest free and repayable on demand. A dividend of £nil (2023: £20,000) declared during the year is owed to C M Ziegler who is the director of the company. This is included in other creditors.
7
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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