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REGISTERED NUMBER: 10170454 (England and Wales)















AVI GROUP CONSTRUCTION LTD

Unaudited Financial Statements for the Year Ended 31 May 2024






AVI GROUP CONSTRUCTION LTD (REGISTERED NUMBER: 10170454)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVI GROUP CONSTRUCTION LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: G Avram
I Avram
F Avram





REGISTERED OFFICE: 181a Kenton Road
Harrow
Middlesex
HA3 0EY





BUSINESS ADDRESS: 75 Slough Lane
Kingsbury
London
NW9 8YB





REGISTERED NUMBER: 10170454 (England and Wales)





ACCOUNTANTS: AVI Group Accountants Ltd
Office 9
Dalton House
60 Windsor Avenue
London
SW19 2RR

AVI GROUP CONSTRUCTION LTD (REGISTERED NUMBER: 10170454)

Balance Sheet
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,336 45,473

CURRENT ASSETS
Stocks 120,931 116,669
Debtors 5 20,275 65,433
Cash at bank 6,265 789
147,471 182,891
CREDITORS
Amounts falling due within one year 6 353,850 265,935
NET CURRENT LIABILITIES (206,379 ) (83,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(172,043

)

(37,571

)

CREDITORS
Amounts falling due after more than one
year

7

9,355

19,351
NET LIABILITIES (181,398 ) (56,922 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (181,498 ) (57,022 )
SHAREHOLDERS' FUNDS 10 (181,398 ) (56,922 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

AVI GROUP CONSTRUCTION LTD (REGISTERED NUMBER: 10170454)

Balance Sheet - continued
31 MAY 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 21 February 2025 and were signed on its behalf by:





G Avram - Director


AVI GROUP CONSTRUCTION LTD (REGISTERED NUMBER: 10170454)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Avi Group Construction Ltd 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

AVI GROUP CONSTRUCTION LTD (REGISTERED NUMBER: 10170454)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 29,528 3,835 63,600 3,672 100,635
DEPRECIATION
At 1 June 2023 18,936 1,527 31,027 3,672 55,162
Charge for year 2,648 346 8,143 - 11,137
At 31 May 2024 21,584 1,873 39,170 3,672 66,299
NET BOOK VALUE
At 31 May 2024 7,944 1,962 24,430 - 34,336
At 31 May 2023 10,592 2,308 32,573 - 45,473

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 38,705
VAT 20,275 20,228
Prepayments and accrued income - 6,500
20,275 65,433

AVI GROUP CONSTRUCTION LTD (REGISTERED NUMBER: 10170454)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,648 10,648
Social security and other taxes 135,625 126,006
Other creditors 1,337 26,913
Directors' current accounts 203,240 100,118
Accrued expenses 3,000 2,250
353,850 265,935

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 9,355 10,648
Bank loans - 2-5 years - 8,703
9,355 19,351

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary 1.00 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 (57,022 )
Deficit for the year (124,476 )
At 31 May 2024 (181,498 )

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.5.24 31.5.23
£    £   
Loss for the financial year (124,476 ) (12,086 )
Ordinary
Net reduction of shareholders' funds (124,476 ) (12,086 )
Opening shareholders' funds (56,922 ) (44,836 )
Closing shareholders' funds (181,398 ) (56,922 )