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2024-08-05
Sage Accounts Production Advanced 2023 - FRS102_2023
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15878787
2024-08-05
2025-04-30
15878787
2025-04-30
15878787
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15878787
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15878787
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2025-04-30
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2025-04-30
COMPANY REGISTRATION NUMBER:
15878787
|
Filleted Unaudited Financial Statements |
|
Period from 5 August 2024 to 30 April 2025
|
Officers and professional advisers |
1 |
|
|
|
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements |
2 |
|
|
|
Statement of financial position |
3 |
|
|
|
Notes to the financial statements |
5 |
|
|
|
Officers and Professional Advisers |
|
|
Registered office |
Unit 1 Rosewood Business Park |
|
Eastways |
|
Witham |
|
England |
|
CM8 3AA |
|
|
|
Accountants |
Edmund Carr LLP |
|
Chartered accountants |
|
146 New London Road |
|
Chelmsford |
|
Essex |
|
CM2 0AW |
|
|
|
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Avanti Design Ltd |
|
Period from 5 August 2024 to 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avanti Design Ltd for the Period ended 30 April 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Avanti Design Ltd in accordance with the terms of our engagement letter dated 21 November 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Avanti Design Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avanti Design Ltd and its director for our work or for this report.
It is your duty to ensure that Avanti Design Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Avanti Design Ltd. You consider that Avanti Design Ltd is exempt from the statutory audit requirement for the Period. We have not been instructed to carry out an audit or a review of the financial statements of Avanti Design Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Edmund Carr LLP
Chartered accountants
146 New London Road
Chelmsford
Essex
CM2 0AW
27 August 2025
|
Statement of Financial Position |
|
30 April 2025
Fixed assets
Current assets
|
Stocks |
3,365 |
|
|
Debtors |
6 |
61,521 |
|
|
Cash at bank and in hand |
12,757 |
|
|
-------- |
|
|
77,643 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
42,967 |
|
|
-------- |
|
|
Net current assets |
|
34,676 |
|
|
-------- |
|
Total assets less current liabilities |
|
75,049 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
102,001 |
|
|
|
|
|
Provisions |
|
(
6,763) |
|
|
--------- |
|
Net liabilities |
|
(
20,189) |
|
|
--------- |
|
|
|
Capital and reserves
|
Called up share capital |
9 |
|
100 |
|
Profit and loss account |
|
(
20,289) |
|
|
-------- |
|
Shareholders deficit |
|
(
20,189) |
|
|
-------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the Period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
30 April 2025
These financial statements were approved by the
board of directors
and authorised for issue on
22 August 2025
, and are signed on behalf of the board by:
Company registration number:
15878787
|
Notes to the Financial Statements |
|
Period from 5 August 2024 to 30 April 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Rosewood Business Park, Eastways, Witham, CM8 3AA, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
10% reducing balance |
|
Equipment |
- |
33% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease, and total future finance charges, are added to the amount recognised as an asset.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the Period amounted to
2
.
5.
Tangible assets
|
Plant and machinery |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 5 August 2024 |
– |
– |
– |
|
Additions |
39,135 |
4,386 |
43,521 |
|
-------- |
------- |
-------- |
|
At 30 April 2025 |
39,135 |
4,386 |
43,521 |
|
-------- |
------- |
-------- |
|
Depreciation |
|
|
|
|
At 5 August 2024 |
– |
– |
– |
|
Charge for the period |
2,298 |
850 |
3,148 |
|
-------- |
------- |
-------- |
|
At 30 April 2025 |
2,298 |
850 |
3,148 |
|
-------- |
------- |
-------- |
|
Carrying amount |
|
|
|
|
At 30 April 2025 |
36,837 |
3,536 |
40,373 |
|
-------- |
------- |
-------- |
|
|
|
|
6.
Debtors
|
30 Apr 25 |
|
£ |
|
Trade debtors |
29,651 |
|
Other debtors |
31,870 |
|
-------- |
|
61,521 |
|
-------- |
|
|
7.
Creditors:
amounts falling due within one year
|
30 Apr 25 |
|
£ |
|
Trade creditors |
15,492 |
|
Accruals and deferred income |
1,530 |
|
Social security and other taxes |
12,047 |
|
Obligations under finance leases and hire purchase contracts |
8,539 |
|
Other creditors |
5,359 |
|
-------- |
|
42,967 |
|
-------- |
|
|
8.
Creditors:
amounts falling due after more than one year
|
30 Apr 25 |
|
£ |
|
Amounts owed to group undertakings |
80,653 |
|
Obligations under finance leases and hire purchase contracts |
21,348 |
|
--------- |
|
102,001 |
|
--------- |
|
|
9.
Called up share capital
Issued, called up and fully paid
|
30 Apr 25 |
|
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
|
---- |
---- |
|
|
|
10.
Related party transactions
The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with wholly owned group companies.