IRIS Accounts Production v24.3.2.46 SC320663 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3206632023-04-30SC3206632024-04-30SC3206632023-05-012024-04-30SC3206632022-04-30SC3206632022-05-012023-04-30SC3206632023-04-30SC320663ns15:Scotland2023-05-012024-04-30SC320663ns14:PoundSterling2023-05-012024-04-30SC320663ns10:Director12023-05-012024-04-30SC320663ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC320663ns10:SmallEntities2023-05-012024-04-30SC320663ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC320663ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC320663ns10:FullAccounts2023-05-012024-04-30SC32066312023-05-012024-04-30SC320663ns10:Director22023-05-012024-04-30SC320663ns10:RegisteredOffice2023-05-012024-04-30SC320663ns5:CurrentFinancialInstruments2024-04-30SC320663ns5:CurrentFinancialInstruments2023-04-30SC320663ns5:ShareCapital2024-04-30SC320663ns5:ShareCapital2023-04-30SC320663ns5:RetainedEarningsAccumulatedLosses2024-04-30SC320663ns5:RetainedEarningsAccumulatedLosses2023-04-30SC320663ns5:NetGoodwill2023-05-012024-04-30SC320663ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC320663ns5:PlantMachinery2023-05-012024-04-30SC320663ns5:FurnitureFittings2023-05-012024-04-30SC320663ns5:NetGoodwill2023-04-30SC320663ns5:NetGoodwill2024-04-30SC320663ns5:NetGoodwill2023-04-30SC320663ns5:PlantMachinery2023-04-30SC320663ns5:FurnitureFittings2023-04-30SC320663ns5:PlantMachinery2024-04-30SC320663ns5:FurnitureFittings2024-04-30SC320663ns5:PlantMachinery2023-04-30SC320663ns5:FurnitureFittings2023-04-30SC320663ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC320663ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: SC320663 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

AVOLUTION LTD

AVOLUTION LTD (REGISTERED NUMBER: SC320663)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVOLUTION LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: E Joseph
W B Law





SECRETARY: E Joseph





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC320663 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

AVOLUTION LTD (REGISTERED NUMBER: SC320663)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,653 4,875
2,653 4,875

CURRENT ASSETS
Stocks 14,360 16,576
Debtors 6 11,108 21,154
Cash at bank 562 2,736
26,030 40,466
CREDITORS
Amounts falling due within one year 7 16,721 29,902
NET CURRENT ASSETS 9,309 10,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,962

15,439

PROVISIONS FOR LIABILITIES 291 926
NET ASSETS 11,671 14,513

CAPITAL AND RESERVES
Called up share capital 156 156
Retained earnings 11,515 14,357
SHAREHOLDERS' FUNDS 11,671 14,513

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.

AVOLUTION LTD (REGISTERED NUMBER: SC320663)

Balance Sheet - 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 Income Statement 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:





E Joseph - Director


AVOLUTION LTD (REGISTERED NUMBER: SC320663)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Avolution Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents sales of goods and provision of services excluding VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services is recognised in accordance with contractual rights to the extent that the service has been delivered. Where payments are received from customers in advance of goods or services being provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection the acquisition of a business in 2010, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on a straight line basis
Fixtures and fittings - 10% on a straight line basis

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.


AVOLUTION LTD (REGISTERED NUMBER: SC320663)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 14,316
AMORTISATION
At 1 May 2023
and 30 April 2024 14,316
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

AVOLUTION LTD (REGISTERED NUMBER: SC320663)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 11,210 - 11,210
Additions - 1,246 1,246
At 30 April 2024 11,210 1,246 12,456
DEPRECIATION
At 1 May 2023 6,335 - 6,335
Charge for year 3,343 125 3,468
At 30 April 2024 9,678 125 9,803
NET BOOK VALUE
At 30 April 2024 1,532 1,121 2,653
At 30 April 2023 4,875 - 4,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,448 19,772
Other debtors 2,660 1,382
11,108 21,154

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,597 26,003
Taxation and social security - 718
Other creditors 5,124 3,181
16,721 29,902