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REGISTERED NUMBER: 13521544 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

AVINIT TECHNICAL LIMITED

AVINIT TECHNICAL LIMITED (REGISTERED NUMBER: 13521544)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


AVINIT TECHNICAL LIMITED (REGISTERED NUMBER: 13521544)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,628 7,059

CURRENT ASSETS
Debtors 5 39,962 55,318
Cash at bank 636 182
40,598 55,500
CREDITORS
Amounts falling due within one year 6 (32,247 ) (30,173 )
NET CURRENT ASSETS 8,351 25,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,979

32,386

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,977 32,384
11,979 32,386

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 18 April 2025 and were signed on its behalf by:





D M Adams - Director


AVINIT TECHNICAL LIMITED (REGISTERED NUMBER: 13521544)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

AVINIT Technical Limited 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: 13521544

Registered office: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents consideration received or receivable for consulting services, measured at fair value, 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 cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current 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 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.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other losses.

3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 2 ) .

AVINIT TECHNICAL LIMITED (REGISTERED NUMBER: 13521544)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 10,435
Disposals (2,123 )
At 31 July 2024 8,312
DEPRECIATION
At 1 August 2023 3,376
Charge for year 2,078
Eliminated on disposal (770 )
At 31 July 2024 4,684
NET BOOK VALUE
At 31 July 2024 3,628
At 31 July 2023 7,059

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 344 420
Directors' current accounts 31,623 46,072
s455 tax asset 7,995 7,995
VAT - 831
39,962 55,318

Included within debtors is £31,623 (2023: £46,072) due from a director. This amount is being charged
interest at the official rate of 2.25%.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,871 2,501
Trade creditors 2,310 -
Tax 8,067 9,094
VAT 1,811 -
Directors' current accounts 13,700 16,654
Accruals and deferred income 2,488 1,924
32,247 30,173

AVINIT TECHNICAL LIMITED (REGISTERED NUMBER: 13521544)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
D M Adams
Balance outstanding at start of year 46,072 23,691
Amounts advanced 7,667 22,818
Amounts repaid (22,116 ) (437 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,623 46,072