IRIS Accounts Production v24.3.2.46 03446355 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034463552023-04-30034463552024-04-30034463552023-05-012024-04-30034463552022-04-30034463552022-05-012023-04-30034463552023-04-3003446355ns15:EnglandWales2023-05-012024-04-3003446355ns14:PoundSterling2023-05-012024-04-3003446355ns10:Director12023-05-012024-04-3003446355ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003446355ns10:SmallEntities2023-05-012024-04-3003446355ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003446355ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003446355ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003446355ns10:FullAccounts2023-05-012024-04-3003446355ns10:Director22023-05-012024-04-3003446355ns10:RegisteredOffice2023-05-012024-04-3003446355ns5:CurrentFinancialInstruments2024-04-3003446355ns5:CurrentFinancialInstruments2023-04-3003446355ns5:Non-currentFinancialInstruments2024-04-3003446355ns5:Non-currentFinancialInstruments2023-04-3003446355ns5:ShareCapital2024-04-3003446355ns5:ShareCapital2023-04-3003446355ns5:RetainedEarningsAccumulatedLosses2024-04-3003446355ns5:RetainedEarningsAccumulatedLosses2023-04-3003446355ns5:PlantMachinery2023-05-012024-04-3003446355ns5:FurnitureFittings2023-05-012024-04-3003446355ns5:ComputerEquipment2023-05-012024-04-3003446355ns5:PlantMachinery2023-04-3003446355ns5:FurnitureFittings2023-04-3003446355ns5:ComputerEquipment2023-04-3003446355ns5:PlantMachinery2024-04-3003446355ns5:FurnitureFittings2024-04-3003446355ns5:ComputerEquipment2024-04-3003446355ns5:PlantMachinery2023-04-3003446355ns5:FurnitureFittings2023-04-3003446355ns5:ComputerEquipment2023-04-3003446355ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003446355ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3003446355ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3003446355ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-3003446355ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3003446355ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3003446355ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-3003446355ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-30
REGISTERED NUMBER: 03446355 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Avec Systems Limited

Avec Systems Limited (Registered number: 03446355)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Avec Systems Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D Golovenkin
D P Bowes





REGISTERED OFFICE: 13 Stephenson Court
Fraser Road
Priory Business Park
Bedford
Bedfordshire
MK44 3WJ





REGISTERED NUMBER: 03446355 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Avec Systems Limited (Registered number: 03446355)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 42,784 33,669

CURRENT ASSETS
Debtors 6 165,823 74,799
Cash at bank and in hand 44,969 106,523
210,792 181,322
CREDITORS
Amounts falling due within one year 7 150,717 113,837
NET CURRENT ASSETS 60,075 67,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,859

101,154

CREDITORS
Amounts falling due after more than one
year

8

(26,250

)

(31,250

)

PROVISIONS FOR LIABILITIES (9,817 ) (7,346 )
NET ASSETS 66,792 62,558

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 66,788 62,554
66,792 62,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Avec Systems Limited (Registered number: 03446355)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





D Golovenkin - Director


Avec Systems Limited (Registered number: 03446355)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Avec Systems 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Avec Systems Limited (Registered number: 03446355)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 533 7,727 109,635 117,895
Additions 1,032 8,831 7,917 17,780
At 30 April 2024 1,565 16,558 117,552 135,675
DEPRECIATION
At 1 May 2023 533 3,716 79,977 84,226
Charge for year 207 2,156 6,302 8,665
At 30 April 2024 740 5,872 86,279 92,891
NET BOOK VALUE
At 30 April 2024 825 10,686 31,273 42,784
At 30 April 2023 - 4,011 29,658 33,669

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 74,363 74,160
Other debtors 75 60
Intercompany loan 89,185 -
Prepayments 2,200 579
165,823 74,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 62,463 38,059
Tax 27,372 18,899
Social security and other taxes 2,641 2,328
VAT 16,858 23,130
Other creditors 18,045 3,753
Directors' current accounts 12,418 17,766
Accrued expenses 5,920 4,902
150,717 113,837

Avec Systems Limited (Registered number: 03446355)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 6,250 11,250
26,250 31,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,250 11,250