1 July 2023 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP108211102023-07-012024-06-30108211102024-06-30108211102023-06-3010821110core:WithinOneYear2024-06-3010821110core:WithinOneYear2023-06-3010821110core:ShareCapital2024-06-3010821110core:ShareCapital2023-06-3010821110core:RetainedEarningsAccumulatedLosses2024-06-3010821110core:RetainedEarningsAccumulatedLosses2023-06-3010821110bus:Director12023-07-012024-06-3010821110bus:RegisteredOffice2023-07-012024-06-3010821110core:OfficeEquipment2023-07-012024-06-30108211102022-07-012023-06-3010821110core:PlantMachinery2024-06-301082111012023-07-012024-06-3010821110countries:EnglandWales2023-07-012024-06-3010821110bus:AuditExemptWithAccountantsReport2023-07-012024-06-3010821110bus:PrivateLimitedCompanyLtd2023-07-012024-06-3010821110bus:SmallEntities2023-07-012024-06-3010821110bus:FullAccounts2023-07-012024-06-30
Company registration number:
10821110
Aavion Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Aavion Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Current assets    
Stocks
140,620
 
148,250
 
Debtors 6
37,794
 
102,035
 
Cash at bank and in hand
110,752
 
254,479
 
289,166
 
504,764
 
Creditors: amounts falling due within one year 7
(256,053
)
(503,687
)
Net current assets
33,113
 
1,077
 
Total assets less current liabilities 33,113   1,077  
Capital and reserves    
Called up share capital
1,000
 
1,000
 
Profit and loss account
32,113
 
77
 
Shareholders funds
33,113
 
1,077
 
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
19 March 2025
, and are signed on behalf of the board by:
N Yang
Director
Company registration number:
10821110
Aavion Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 21 Barwell Business Park
,
Leatherhead Road
,
Chessington
,
KT9 2NY
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023:
6.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2023
and
30 June 2024
24,928
 
Depreciation  
At
1 July 2023
and
30 June 2024
24,928
 
Carrying amount  
At
30 June 2024
-  
At 30 June 2023 -  

6 Debtors

20242023
££
Trade debtors -  
40,884
 
Other debtors
37,794
 
61,151
 
37,794
 
102,035
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
751
 
2,184
 
Trade creditors
56,431
 
11,827
 
Taxation and social security
77,542
 
160,411
 
Other creditors
121,329
 
329,265
 
256,053
 
503,687