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Registered Number: 13383999
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 May 2024

for

AVAKA LIMITED

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 50  50 
Current assets 140,829  148,010 
Creditors: amount falling due within one year (145,877) (151,344)
Net current assets/(liabilities) (5,048) (3,334)
Total assets less current liabilities (4,998) (3,284)
Net assets/(liabilities) (4,998) (3,284)
 
Capital and reserves (4,998) (3,284)
 
  1. For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Vishal Awatar
Director

Date approved: 07 March 2025
1
Statutory Information
AVAKA LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 13383999, registration address 88 Lowther Drive, Enfield, EN2 7JR, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 0 (2023: 0).
3.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Vishal Awatar5,946 5,799 145,398 151,344 
Grimsby Road 499 Cleethorpes Limited4,400 69,001 67,664 72,064 
GRIMSBY 117A CLEE LIMITED850 850 
LESTRANGE 30 CLEE LIMITED70,001 70,001 

During the year the company repaid the director Vishal Awatar GBP 5,946.00 (2023: (GBP 151,344)). At the year end, other creditors included GBP 145,398.00 (2023: GBP 151,344) owed to the director.

During the year, Grimsby Road 499 Cleethorpes Limited (a company which is held as an associate investment) repaid the company GBP 4,400 (2023: (GBP 72,064)). At the year end, other debtors included GBP 67,664 (2023: GBP 72,064) owed to the company.

2