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Company Registration No. 14908865 (England and Wales)
Avv Traders Limited Unaudited accounts for the period from 1 June 2023 to 30 June 2024
Avv Traders Limited Unaudited accounts Contents
Page
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Avv Traders Limited Company Information for the period from 1 June 2023 to 30 June 2024
Directors
SATHASIVAM, Nanthanarayanan THANABALASINGAM, Vivekatharan
Company Number
14908865 (England and Wales)
Registered Office
256 Soho Road Birmingham B21 9LR England
Accountants
Tally Tally Accountants 79 College Road Harrow HA1 1BD
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Avv Traders Limited Statement of financial position as at 30 June 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
45,000 
Tangible assets
38,475 
83,475 
Current assets
Inventories
60,000 
Debtors
20,202 
Cash at bank and in hand
2,879 
83,081 
Creditors: amounts falling due within one year
(173,551)
Net current liabilities
(90,470)
Net liabilities
(6,995)
Capital and reserves
Called up share capital
300 
Profit and loss account
(7,295)
Shareholders' funds
(6,995)
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by
SATHASIVAM, Nanthanarayanan Director Company Registration No. 14908865
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Avv Traders Limited Notes to the Accounts for the period from 1 June 2023 to 30 June 2024
1
Statutory information
Avv Traders Limited is a private company, limited by shares, registered in England and Wales, registration number 14908865. The registered office is 256 Soho Road, Birmingham, B21 9LR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% sl
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Avv Traders Limited Notes to the Accounts for the period from 1 June 2023 to 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
- 
Additions
50,000 
At 30 June 2024
50,000 
Amortisation
At 1 June 2023
- 
Charge for the period
5,000 
At 30 June 2024
5,000 
Net book value
At 30 June 2024
45,000 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
- 
Additions
51,300 
At 30 June 2024
51,300 
Depreciation
Charge for the period
12,825 
At 30 June 2024
12,825 
Net book value
At 30 June 2024
38,475 
6
Debtors
2024 
£ 
Amounts falling due within one year
VAT
982 
Trade debtors
9,770 
Other debtors
9,450 
20,202 
7
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
7,018 
Taxes and social security
219 
Other creditors
77,244 
Loans from directors
89,070 
173,551 
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Avv Traders Limited Notes to the Accounts for the period from 1 June 2023 to 30 June 2024
8
Transactions with related parties
At the year-end date, the directors have a credit balance of £89,070 on their current account. This is an interest-free loan to the company and this amount is included in creditors payable within one year.
9
Average number of employees
During the period the average number of employees was 2.
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