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REGISTERED NUMBER: 02306097 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

AIVAF LIMITED

AIVAF LIMITED (REGISTERED NUMBER: 02306097)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIVAF LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: B C Davies
Mrs J Davies
S D Foster





REGISTERED OFFICE: Unit 15
1 Orgreave Close
Dore House Industrial Estate
Sheffield
South Yorkshire
S13 9NP





REGISTERED NUMBER: 02306097 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

AIVAF LIMITED (REGISTERED NUMBER: 02306097)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 41,846 47,116
44,846 51,116

CURRENT ASSETS
Stocks 172,000 260,000
Debtors 6 115,525 167,427
Cash at bank 66 56
287,591 427,483
CREDITORS
Amounts falling due within one year 7 228,375 310,800
NET CURRENT ASSETS 59,216 116,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,062

167,799

CREDITORS
Amounts falling due after more than one
year

8

(40,253

)

(113,251

)

PROVISIONS FOR LIABILITIES (7,951 ) (8,952 )
NET ASSETS 55,858 45,596

CAPITAL AND RESERVES
Called up share capital 55,750 55,750
Retained earnings 108 (10,154 )
55,858 45,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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 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.

AIVAF LIMITED (REGISTERED NUMBER: 02306097)

Balance Sheet - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





B C Davies - Director


AIVAF LIMITED (REGISTERED NUMBER: 02306097)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Aivaf Limited 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

AIVAF LIMITED (REGISTERED NUMBER: 02306097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023 6,000
Charge for year 1,000
At 30 June 2024 7,000
NET BOOK VALUE
At 30 June 2024 3,000
At 30 June 2023 4,000

AIVAF LIMITED (REGISTERED NUMBER: 02306097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023 217,464 38,298 255,762
Additions 2,899 - 2,899
At 30 June 2024 220,363 38,298 258,661
DEPRECIATION
At 1 July 2023 177,015 31,631 208,646
Charge for year 6,502 1,667 8,169
At 30 June 2024 183,517 33,298 216,815
NET BOOK VALUE
At 30 June 2024 36,846 5,000 41,846
At 30 June 2023 40,449 6,667 47,116

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 12,138
DEPRECIATION
At 1 July 2023 10,153
Charge for year 175
At 30 June 2024 10,328
NET BOOK VALUE
At 30 June 2024 1,810
At 30 June 2023 1,985

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,947 165,162
Other debtors 103,578 2,265
115,525 167,427

AIVAF LIMITED (REGISTERED NUMBER: 02306097)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 85,296 73,120
Trade creditors 44,421 82,549
Taxation and social security 86,040 143,737
Other creditors 12,618 11,394
228,375 310,800

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 40,253 113,251

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
B C Davies and Mrs J Davies
Balance outstanding at start of year (490 ) (322 )
Amounts advanced 175,096 218,279
Amounts repaid (88,157 ) (218,447 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,449 (490 )

S D Foster
Balance outstanding at start of year (100 ) -
Amounts advanced 22,500 31,400
Amounts repaid (20,000 ) (31,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,400 (100 )