IRIS Accounts Production v24.3.2.46 06367867 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063678672023-03-31063678672024-03-31063678672023-04-012024-03-31063678672022-03-31063678672022-04-012023-03-31063678672023-03-3106367867ns15:EnglandWales2023-04-012024-03-3106367867ns14:PoundSterling2023-04-012024-03-3106367867ns10:Director12023-04-012024-03-3106367867ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106367867ns10:SmallEntities2023-04-012024-03-3106367867ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106367867ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106367867ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106367867ns10:FullAccounts2023-04-012024-03-3106367867ns10:Director22023-04-012024-03-3106367867ns10:CompanySecretary12023-04-012024-03-3106367867ns10:RegisteredOffice2023-04-012024-03-3106367867ns5:CurrentFinancialInstruments2024-03-3106367867ns5:CurrentFinancialInstruments2023-03-3106367867ns5:Non-currentFinancialInstruments2024-03-3106367867ns5:Non-currentFinancialInstruments2023-03-3106367867ns5:ShareCapital2024-03-3106367867ns5:ShareCapital2023-03-3106367867ns5:RetainedEarningsAccumulatedLosses2024-03-3106367867ns5:RetainedEarningsAccumulatedLosses2023-03-3106367867ns5:FurnitureFittings2023-04-012024-03-3106367867ns5:ComputerEquipment2023-04-012024-03-3106367867ns5:LeaseholdImprovements2023-03-3106367867ns5:FurnitureFittings2023-03-3106367867ns5:ComputerEquipment2023-03-3106367867ns5:LeaseholdImprovements2023-04-012024-03-3106367867ns5:LeaseholdImprovements2024-03-3106367867ns5:FurnitureFittings2024-03-3106367867ns5:ComputerEquipment2024-03-3106367867ns5:LeaseholdImprovements2023-03-3106367867ns5:FurnitureFittings2023-03-3106367867ns5:ComputerEquipment2023-03-3106367867ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106367867ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3106367867ns5:Non-currentFinancialInstruments2023-04-012024-03-3106367867ns5:RetainedEarningsAccumulatedLosses2023-03-3106367867ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 06367867 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Avant Partnership Limited

Avant Partnership Limited (Registered number: 06367867)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Avant Partnership Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S C Roe
Mrs N Roe





SECRETARY: Mr S C Roe





REGISTERED OFFICE: Pearl Assurance House
George Street
Grimsby
Lincolnshire
DN31 1HB





REGISTERED NUMBER: 06367867 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Avant Partnership Limited (Registered number: 06367867)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,958 25,824

CURRENT ASSETS
Stocks 6,200 3,500
Debtors 5 214,893 187,638
Cash at bank and in hand 54,559 34,422
275,652 225,560
CREDITORS
Amounts falling due within one year 6 100,561 47,799
NET CURRENT ASSETS 175,091 177,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,049

203,585

CREDITORS
Amounts falling due after more than one
year

7

109,700

89,700
NET ASSETS 112,349 113,885

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 8 82,349 83,885
112,349 113,885

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

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

The directors acknowledge their 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.

Avant Partnership Limited (Registered number: 06367867)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mr S C Roe - Director


Avant Partnership Limited (Registered number: 06367867)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Avant Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Avant Partnership Limited (Registered number: 06367867)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Prepaid portfolio development costs
Portfolio Development costs are recognized over the first two full years of portfolio income earned in the sector of learning being developed. Such costs are reviewed for impairment annually..

Going concern
The directors have entered into an agreement with the company to subordinate their loan to the company, so it ranks behind all other creditors. This effective recapitalisation of the company and their continuing support for the company mean that the directors are satisfied that the company remains a Going Concern.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

Avant Partnership Limited (Registered number: 06367867)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 18,066 57,047 75,113
Additions 11,062 9,152 10,972 31,186
At 31 March 2024 11,062 27,218 68,019 106,299
DEPRECIATION
At 1 April 2023 - 9,849 39,440 49,289
Charge for year - 2,866 7,186 10,052
At 31 March 2024 - 12,715 46,626 59,341
NET BOOK VALUE
At 31 March 2024 11,062 14,503 21,393 46,958
At 31 March 2023 - 8,217 17,607 25,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 214,893 187,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 47,354 -
Tax 13,845 13,585
Social security and other taxes 15,223 15,170
Other creditors 19,939 15,820
Accrued expenses 4,200 3,224
100,561 47,799

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan account 109,700 89,700

Within Directors' loan account there is a subordinated loan of £109,700.00, which effectively makes up shareholders funds.

Avant Partnership Limited (Registered number: 06367867)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. RESERVES
Retained
earnings
£   

At 1 April 2023 83,885
Deficit for the year (1,536 )
At 31 March 2024 82,349