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REGISTERED NUMBER: 12064782 (England and Wales)










AVA MAYFAIR LTD

PREVIOUSLY KNOWN AS
AVA MAY AROMAS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






AVA MAYFAIR LTD (REGISTERED NUMBER: 12064782)
PREVIOUSLY KNOWN AS AVA MAY AROMAS LTD

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 5


AVA MAYFAIR LTD (REGISTERED NUMBER: 12064782)
PREVIOUSLY KNOWN AS AVA MAY AROMAS LTD

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,178 42,736
Tangible assets 5 55,508 68,300
95,686 111,036

CURRENT ASSETS
Stocks 6 189,238 213,302
Debtors 7 109,485 42,602
Cash at bank and in hand 34,499 30,005
333,222 285,909
CREDITORS
Amounts falling due within one year 8 706,755 597,506
NET CURRENT LIABILITIES (373,533 ) (311,597 )
TOTAL ASSETS LESS CURRENT LIABILITIES (277,847 ) (200,561 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (277,848 ) (200,562 )
SHAREHOLDERS' FUNDS (277,847 ) (200,561 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st January 2025 and were signed by:





N Story - Director


AVA MAYFAIR LTD (REGISTERED NUMBER: 12064782)
PREVIOUSLY KNOWN AS AVA MAY AROMAS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Ava Mayfair Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12064782

Registered office: Unit E, Swinton Bridge Industrial Estate
Whitelee Road, Swinton
Mexborough
South Yorkshire
S64 8BH

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going Concern
At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis

Accordingly at the time of signing these accounts the directors are of the opinion that the company will remain viable for the foreseeable future and therefore these financial statements have been prepared on the going concern basis

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired on business combinations are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition.

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Computer software20% straight line
Patent and trademarks20% straight line

AVA MAYFAIR LTD (REGISTERED NUMBER: 12064782)
PREVIOUSLY KNOWN AS AVA MAY AROMAS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows

Plant and machinery25% reducing balance
Fixtures and fittings15% reducing balance
Computer equipment33% straight line

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses.

Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year 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 tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

AVA MAYFAIR LTD (REGISTERED NUMBER: 12064782)
PREVIOUSLY KNOWN AS AVA MAY AROMAS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st September 2023 15,307 44,160 59,467
Additions - 8,890 8,890
At 31st August 2024 15,307 53,050 68,357
AMORTISATION
At 1st September 2023 3,061 13,670 16,731
Charge for year 1,531 9,917 11,448
At 31st August 2024 4,592 23,587 28,179
NET BOOK VALUE
At 31st August 2024 10,715 29,463 40,178
At 31st August 2023 12,246 30,490 42,736

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023
and 31st August 2024 92,139
DEPRECIATION
At 1st September 2023 23,839
Charge for year 12,792
At 31st August 2024 36,631
NET BOOK VALUE
At 31st August 2024 55,508
At 31st August 2023 68,300

AVA MAYFAIR LTD (REGISTERED NUMBER: 12064782)
PREVIOUSLY KNOWN AS AVA MAY AROMAS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


6. STOCKS
2024 2023
£    £   
Goods for resale 189,238 213,302

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,206 -
Other debtors 96,279 42,602
109,485 42,602

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 56,167 97,456
Amounts owed to related undertakings 545,176 314,367
Taxation and social security - 9,427
Other creditors 105,412 176,256
706,755 597,506

Other creditors includes the directors current account totalling £100,000 (2023: £174,900).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

Ordinary shares rank pari passu except that different rates of dividend can be declared on different classes of share