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REGISTERED NUMBER: NI629270 (Northern Ireland)















AVINGER LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024






AVINGER LIMITED (REGISTERED NUMBER: NI629270)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AVINGER LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Anne Bleeks
James Bleeks





REGISTERED OFFICE: 55 Coagh Road
Stewartstown
Dungannon
Co. Tyrone
BT71 5JH





REGISTERED NUMBER: NI629270 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

AVINGER LIMITED (REGISTERED NUMBER: NI629270)

Statement of Financial Position
31 DECEMBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Investments 5 1,079 1,004

CURRENT ASSETS
Receivables 6 4,996,460 6,543,128
Cash at bank and in hand 6,176,561 3,839,256
11,173,021 10,382,384
PAYABLES
Amounts falling due within one year 7 (1,000 ) (168,351 )
NET CURRENT ASSETS 11,172,021 10,214,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,173,100

10,215,037

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 11,173,097 10,215,034
SHAREHOLDERS' FUNDS 11,173,100 10,215,037

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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 29 April 2025 and were signed on its behalf by:





Anne Bleeks - Director


AVINGER LIMITED (REGISTERED NUMBER: NI629270)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Avinger Limited is a private company, limited by shares , registered in Northern Ireland. 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 are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within current liabilities.

Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the
obligation to prepare group accounts.

4. EMPLOYEES AND DIRECTORS

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

AVINGER LIMITED (REGISTERED NUMBER: NI629270)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2024 1,004
Additions 75
At 31 December 2024 1,079
NET BOOK VALUE
At 31 December 2024 1,079
At 31 December 2023 1,004

6. RECEIVABLES
2024 2023
£ £
Amounts owed by group undertakings 4,160,820 5,851,133
Amounts owed by associates 832,564 29,560
Other receivables 3,076 662,435
4,996,460 6,543,128

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade payables - 360
Taxation and social security - 166,991
Other payables 1,000 1,000
1,000 168,351

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
3 Ordinary 1 3 3

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.