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REGISTERED NUMBER: 12339912 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Avant Garde Solutions Limited

Avant Garde Solutions Limited (Registered number: 12339912)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Avant Garde Solutions Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Dr R Hughes





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 12339912 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Avant Garde Solutions Limited (Registered number: 12339912)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 622,530 287,711
Tangible assets 5 313,492 346,710
936,022 634,421

CURRENT ASSETS
Debtors 6 71,424 523,600
Cash at bank and in hand 918 3,501
72,342 527,101
CREDITORS
Amounts falling due within one year 7 1,610,413 1,482,064
NET CURRENT LIABILITIES (1,538,071 ) (954,963 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(602,049

)

(320,542

)

CREDITORS
Amounts falling due after more than one
year

8

58,925

87,799
NET LIABILITIES (660,974 ) (408,341 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (661,074 ) (408,441 )
(660,974 ) (408,341 )

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 director acknowledges his 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.

Avant Garde Solutions Limited (Registered number: 12339912)

Balance Sheet - continued
31 July 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 director and authorised for issue on 22 July 2025 and were signed by:





Dr R Hughes - Director


Avant Garde Solutions Limited (Registered number: 12339912)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Avant Garde Solutions 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.

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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that future economic benefits will flow to the entity.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Website development costs are being amortised evenly over their estimated useful life of ten years.

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.
Plant and machinery etc - 15% on reducing balance

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Avant Garde Solutions Limited (Registered number: 12339912)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023 324,338
Additions 406,821
At 31 July 2024 731,159
AMORTISATION
At 1 August 2023 36,627
Charge for year 72,002
At 31 July 2024 108,629
NET BOOK VALUE
At 31 July 2024 622,530
At 31 July 2023 287,711

Avant Garde Solutions Limited (Registered number: 12339912)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 483,433
Additions 2,944
At 31 July 2024 486,377
DEPRECIATION
At 1 August 2023 136,723
Charge for year 36,162
At 31 July 2024 172,885
NET BOOK VALUE
At 31 July 2024 313,492
At 31 July 2023 346,710

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

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 77,813
DEPRECIATION
At 1 August 2023 20,982
Charge for year 7,197
At 31 July 2024 28,179
NET BOOK VALUE
At 31 July 2024 49,634
At 31 July 2023 56,831

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 57,600 -
Amounts owed by participating interests 3,824 506,652
Other debtors 10,000 16,948
71,424 523,600

Avant Garde Solutions Limited (Registered number: 12339912)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 23,319 23,319
Trade creditors 60,848 46,467
Amounts owed to participating interests 86,363 491,713
Amounts owed to associates 1,363,005 905,768
Taxation and social security 70,710 9,241
Other creditors 612 -
1,610,413 1,482,064

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 27,779 33,334
Hire purchase contracts 31,146 54,465
58,925 87,799

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,556 11,111

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 33,335 38,890
Hire purchase contracts 54,465 77,784
87,800 116,674

10. RELATED PARTY DISCLOSURES

Included in debtors is £3,824 (2023: £506,652) due to the parent company and £1,449,368 (2023 £1,397,481) due to companies which share a director with Avant Garde Solutions Limited which are all interest free and repayable on demand. Group accounts are not required.