Registered Number:01431059 |
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2024
Avad Group Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Avad Group Limited
Statement of Financial Position
2023
2024
1
1
2
Property, plant and equipment |
50,809
61,371
3
740,764
740,764
4
791,574
802,136
Trade and other receivables |
1,491,660
1,434,246
5
31,327
Cash and cash equivalents |
15,851
1,450,097
1,522,987
Trade and other payables: amounts falling due within one |
year |
(1,599,035)
(1,538,316)
6
(76,048)
(88,219)
Net current liabilities
Total assets less current liabilities |
703,355
726,088
Trade and other payables: amounts falling due after more |
than one year |
(270,437)
(245,824)
7
457,531
Net assets
455,651
275,000
275,000
182,531
180,651
457,531
455,651
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 19 March 2025 and were signed by: |
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For the year ended 30 June 2024
Avad Group Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 6
For the year ended 30 June 2024
Avad Group Limited
Notes to the Financial Statements
Statutory Information
Avad Group Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 01431059. |
Avad House
Belvue Road
Northolt
Middlesex
UB5 5HY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Motor Vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
3 of 6
For the year ended 30 June 2024
Avad Group Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
151,869
151,869
151,868
151,868
1
1
3. Property, plant and equipment |
216,028
20,590
195,438
195,438
20,590
216,028
Provision for depreciation and impairment |
154,657
17,845
136,812
Charge for year
10,562
2,744
7,818
165,219
20,589
144,630
50,808
1
50,809
58,626
2,745
61,371
4 of 6
For the year ended 30 June 2024
Avad Group Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets |
Shares in group and participating interests |
740,764
740,764
740,764
740,764
740,764
740,764
740,764
740,764
5. Trade and other receivables |
2023
2024
4,663
3,601
Amounts owed by group undertakings and participating interests |
1,429,278
1,484,167
305
3,892
1,491,660
1,434,246
6. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
40,503
40,503
-
1,346
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
1,474,896
1,487,214
Taxation and social security |
14,051
13,778
8,866
56,194
1,538,316
1,599,035
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
245,824
270,437
Bank loans payable within and after more than 1 year are secured by a way of fixed and floting chargeover the assets of the companies. |
5 of 6
For the year ended 30 June 2024
Avad Group Limited
Notes to the Financial Statements Continued
8. Related party transactions |
The company has taken advantage of the exemption under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to diisclose related paty transactions |
with wholly owned subsidairies within the group. |
9. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 5)
6 of 6