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REGISTERED NUMBER: 06270220 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 June 2024

for

AVK Ltd

AVK Ltd (Registered number: 06270220)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


AVK Ltd (Registered number: 06270220)

Balance Sheet
29 June 2024

29.6.24 29.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,517 84,650
Investment property 5 132,000 127,000
200,517 211,650

CURRENT ASSETS
Debtors 6 79,144 5,729
Cash at bank 1,133,831 574,002
1,212,975 579,731
CREDITORS
Amounts falling due within one year 7 400,100 170,591
NET CURRENT ASSETS 812,875 409,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,013,392

620,790

PROVISIONS FOR LIABILITIES 8 13,018 16,083
NET ASSETS 1,000,374 604,707

CAPITAL AND RESERVES
Called up share capital 9 193 193
Retained earnings 1,000,181 604,514
SHAREHOLDERS' FUNDS 1,000,374 604,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AVK Ltd (Registered number: 06270220)

Balance Sheet - continued
29 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





Dr V Kapoor - Director


AVK Ltd (Registered number: 06270220)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

AVK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06270220

Registered office: C/o Echo Tax, SPACES Manchester
Peter House
Oxford Street
Manchester
M1 5AN

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

AVK Ltd (Registered number: 06270220)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 30 June 2023 2,094 88,330 90,424
Additions 999 - 999
Disposals 2,094 - 2,094
At 29 June 2024 5,187 88,330 93,517
DEPRECIATION
At 30 June 2023 2,094 3,680 5,774
Charge for year 202 16,930 17,132
Eliminated on disposal 2,094 - 2,094
At 29 June 2024 4,390 20,610 25,000
NET BOOK VALUE
At 29 June 2024 797 67,720 68,517
At 29 June 2023 - 84,650 84,650

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 June 2023 127,000
Revaluations 5,000
At 29 June 2024 132,000
NET BOOK VALUE
At 29 June 2024 132,000
At 29 June 2023 127,000

Fair value at 29 June 2024 is represented by:
£   
Valuation in 2019 108,804
Valuation in 2021 9,196
Valuation in 2022 9,000
Valuation in 2024 5,000
132,000

AVK Ltd (Registered number: 06270220)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Trade debtors 79,144 4,988
Other debtors - 601
Prepayments - 140
79,144 5,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Tax 160,029 14,941
Social security and other taxes 249 -
Credit card 445 -
Directors' current accounts 237,463 155,282
Accrued expenses 1,914 368
400,100 170,591

8. PROVISIONS FOR LIABILITIES
29.6.24 29.6.23
£    £   
Deferred tax 13,018 16,083

Deferred
tax
£   
Balance at 30 June 2023 16,083
Utilised during year (3,065 )
Balance at 29 June 2024 13,018

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.6.24 29.6.23
value: £    £   
100 Ordinary A £1 100 100
50 Ordinary B £1 50 50
25 Ordinary C £1 25 25
10 Ordinary D £1 10 10
5 Ordinary E £1 5 5
1 Ordinary F £1 1 1
1 Ordinary G £1 1 1
1 Ordinary H £1 1 1
193 193

AVK Ltd (Registered number: 06270220)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 June 2024 and 29 June 2023:

29.6.24 29.6.23
£    £   
Dr V Kapoor
Balance outstanding at start of year (155,282 ) (212,877 )
Amounts advanced 1,370 168,701
Amounts repaid (83,551 ) (111,106 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (237,463 ) (155,282 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is Dr V Kapoor.