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
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
Avv Traders Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
2,879
Creditors: amounts falling due within one year
(173,551)
Net current liabilities
(90,470)
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
Avv Traders Limited
Notes to the Accounts
for the period from 1 June 2023 to 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Avv Traders Limited
Notes to the Accounts
for the period from 1 June 2023 to 30 June 2024
4
Intangible fixed assets
Goodwill
Charge for the period
5,000
5
Tangible fixed assets
Fixtures & fittings
Charge for the period
12,825
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
Taxes and social security
219
Loans from directors
89,070
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.