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Company Registration No. 10368277 (England and Wales)
AVANEESH TECHNOLOGIES LTD Unaudited accounts for the year ended 30 September 2024
AVANEESH TECHNOLOGIES LTD Unaudited accounts Contents
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AVANEESH TECHNOLOGIES LTD Company Information for the year ended 30 September 2024
Director
Sridhar Kovuru
Company Number
10368277 (England and Wales)
Registered Office
406 Brighton Road South Croydon Surrey CR2 6AN England
Accountants
VSCT Tax Consultancy Ltd Chartered Certified Accountants and Tax Advisers 406 Brighton Road South Croydon CR2 6AN
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AVANEESH TECHNOLOGIES LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,195 
5,246 
Current assets
Debtors
12,818 
18,818 
Cash at bank and in hand
15,058 
8,034 
27,876 
26,852 
Creditors: amounts falling due within one year
(26,151)
(27,304)
Net current assets/(liabilities)
1,725 
(452)
Total assets less current liabilities
4,920 
4,794 
Creditors: amounts falling due after more than one year
(1,336)
(3,604)
Net assets
3,584 
1,190 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,484 
1,090 
Shareholders' funds
3,584 
1,190 
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 June 2025 and were signed on its behalf by
Sridhar Kovuru Director Company Registration No. 10368277
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AVANEESH TECHNOLOGIES LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
AVANEESH TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10368277. The registered office is 406 Brighton Road, South Croydon, Surrey, CR2 6AN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on a straight line basis
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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AVANEESH TECHNOLOGIES LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
21,154 
At 30 September 2024
21,154 
Depreciation
At 1 October 2023
15,908 
Charge for the year
2,051 
At 30 September 2024
17,959 
Net book value
At 30 September 2024
3,195 
At 30 September 2023
5,246 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,000 
Other debtors
12,818 
12,818 
12,818 
18,818 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,715 
2,715 
VAT
7,805 
7,573 
Taxes and social security
14,651 
15,996 
Accruals
980 
1,020 
26,151 
27,304 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,336 
3,604 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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