IRIS Accounts Production v24.3.0.553 10957313 director 1.10.22 30.9.23 30.9.23 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109573132022-09-30109573132023-09-30109573132022-10-012023-09-30109573132021-09-30109573132021-10-012022-09-30109573132022-09-3010957313ns15:EnglandWales2022-10-012023-09-3010957313ns14:PoundSterling2022-10-012023-09-3010957313ns10:Director12022-10-012023-09-3010957313ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3010957313ns10:SmallEntities2022-10-012023-09-3010957313ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3010957313ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3010957313ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3010957313ns10:FullAccounts2022-10-012023-09-3010957313ns10:OrdinaryShareClass12022-10-012023-09-3010957313ns10:RegisteredOffice2022-10-012023-09-3010957313ns5:CurrentFinancialInstruments2023-09-3010957313ns5:CurrentFinancialInstruments2022-09-3010957313ns5:ShareCapital2023-09-3010957313ns5:ShareCapital2022-09-3010957313ns5:RetainedEarningsAccumulatedLosses2023-09-3010957313ns5:RetainedEarningsAccumulatedLosses2022-09-3010957313ns5:PlantMachinery2022-10-012023-09-3010957313ns5:MotorVehicles2022-10-012023-09-3010957313ns5:ComputerEquipment2022-10-012023-09-3010957313ns5:PlantMachinery2022-09-3010957313ns5:MotorVehicles2022-09-3010957313ns5:ComputerEquipment2022-09-3010957313ns5:PlantMachinery2023-09-3010957313ns5:MotorVehicles2023-09-3010957313ns5:ComputerEquipment2023-09-3010957313ns5:PlantMachinery2022-09-3010957313ns5:MotorVehicles2022-09-3010957313ns5:ComputerEquipment2022-09-3010957313ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3010957313ns5:WithinOneYearns5:CurrentFinancialInstruments2022-09-3010957313ns10:OrdinaryShareClass12023-09-3010957313ns5:RetainedEarningsAccumulatedLosses2022-09-3010957313ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-30109573131ns10:Director12022-09-30109573131ns10:Director12021-09-30109573131ns10:Director12022-10-012023-09-30109573131ns10:Director12021-10-012022-09-30109573131ns10:Director12023-09-30109573131ns10:Director12022-09-30
REGISTERED NUMBER: 10957313 (England and Wales)















Avalon Digital Solutions Limited

Unaudited Financial Statements for the Year Ended 30 September 2023






Avalon Digital Solutions Limited (Registered number: 10957313)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Avalon Digital Solutions Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: A A Salaam





REGISTERED OFFICE: 40a Avalon Road
Bridgwater
Somerset
TA6 4JE





REGISTERED NUMBER: 10957313 (England and Wales)





ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF

Avalon Digital Solutions Limited (Registered number: 10957313)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,738 12,173

CURRENT ASSETS
Debtors 6 21,720 4,640
Cash at bank 1,935 923
23,655 5,563
CREDITORS
Amounts falling due within one year 7 52,732 29,571
NET CURRENT LIABILITIES (29,077 ) (24,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,339

)

(11,835

)

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (19,340 ) (11,836 )
SHAREHOLDERS' FUNDS (19,339 ) (11,835 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2025 and were signed by:





A A Salaam - Director


Avalon Digital Solutions Limited (Registered number: 10957313)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Avalon Digital Solutions 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.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's director.

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
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 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.

Avalon Digital Solutions Limited (Registered number: 10957313)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 2,960 5,000 10,564 18,524
DEPRECIATION
At 1 October 2022 976 1,800 3,575 6,351
Charge for year 397 640 1,398 2,435
At 30 September 2023 1,373 2,440 4,973 8,786
NET BOOK VALUE
At 30 September 2023 1,587 2,560 5,591 9,738
At 30 September 2022 1,984 3,200 6,989 12,173

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 2,012 2,640
Other debtors - 2,000
S419 tax (DR) 4,973 -
Directors' current accounts 14,735 -
21,720 4,640

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts (see note 8) - 3,539
Other loans (see note 8) 17,167 -
Trade creditors 14,102 14,800
Corporation Tax 4,973 -
Social security and other taxes 12,470 8,482
Other creditors - 2,000
Directors' current accounts - 30
Accruals and deferred income 4,020 720
52,732 29,571

Avalon Digital Solutions Limited (Registered number: 10957313)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. LOANS

An analysis of the maturity of loans is given below:

30.9.23 30.9.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 3,539
Other loans 17,167 -
17,167 3,539

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 October 2022 (11,836 )
Deficit for the year (7,504 )
At 30 September 2023 (19,340 )

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
A A Salaam
Balance outstanding at start of year (30 ) (30 )
Amounts repaid (10,633 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,735 (30 )