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REGISTERED NUMBER: 07545604 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

AVF Construction Ltd

AVF Construction Ltd (Registered number: 07545604)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVF Construction Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A F Adil





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 07545604 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

AVF Construction Ltd (Registered number: 07545604)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 30,643 40,441

CURRENT ASSETS
Debtors 6 2,733,004 2,346,217
Cash at bank and in hand 17,614 32,095
2,750,618 2,378,312
CREDITORS
Amounts falling due within one year 7 2,676,898 2,346,536
NET CURRENT ASSETS 73,720 31,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,363

72,217

CREDITORS
Amounts falling due after more than one year 8 23,865 55,551
NET ASSETS 80,498 16,666

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 80,496 16,664
SHAREHOLDERS' FUNDS 80,498 16,666

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AVF Construction Ltd (Registered number: 07545604)

Balance Sheet - continued
31 March 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 director and authorised for issue on 20 March 2025 and were signed by:





A F Adil - Director


AVF Construction Ltd (Registered number: 07545604)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

AVF 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

AVF Construction Ltd (Registered number: 07545604)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 71,290
Additions 416
At 31 March 2024 71,706
DEPRECIATION
At 1 April 2023 30,849
Charge for year 10,214
At 31 March 2024 41,063
NET BOOK VALUE
At 31 March 2024 30,643
At 31 March 2023 40,441

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,733,004 2,346,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 21,686 9,108
Trade creditors 813,671 681,161
Taxation and social security 160,941 58,149
Other creditors 1,670,600 1,588,118
2,676,898 2,346,536

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 12,198 33,884
23,865 55,551

AVF Construction Ltd (Registered number: 07545604)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 April 2023 16,664
Profit for the year 63,832
At 31 March 2024 80,496

11. RELATED PARTY DISCLOSURES

Mr A F Adil, the director of the company, is also the director of AVF London Holdings Ltd, AVF Developments (Orpington) Ltd, AVF Developments (Chislehurst) Ltd, AVF Developments (Crystal Palace) Ltd, AVF Developments (Bromley) Ltd, AVF Developments (Bourne Way) Ltd and AVF Developments (Greenwich) Ltd which are all registered in England.

Included within other debtors are loans due from related parties of £2,583,334 (2023 - £2,193,601). Included within other creditors are loans due to related parties of £403,612 (2023 - £1,513,660). These loans are interest free and are repayable on demand.