Registered number
04645389
AVANTGARDE LIFESTYLE LIMITED
Filleted Accounts
31 December 2024
AVANTGARDE LIFESTYLE LIMITED
Registered number: 04645389
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Stocks 52,494 9,838
Debtors 3 738,263 460,495
Cash at bank and in hand 317,732 434,911
1,108,489 905,244
Creditors: amounts falling due within one year 4 (714,732) (581,485)
Net current assets 393,757 323,759
Net assets 393,757 323,759
Capital and reserves
Called up share capital 1 1
Profit and loss account 393,756 323,758
Shareholders' funds 393,757 323,759
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christiana Magniti
Director
Approved by the board on 20 June 2025
AVANTGARDE LIFESTYLE LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 671,710 427,076
Unrealised exchange differencial reserve 34,250 33,419
Other debtors 32,303 -
738,263 460,495
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 714,732 581,485
5 Other information
AVANTGARDE LIFESTYLE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
102 Langdale House
11 Marshalsea Road
London
SE1 1EN
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