1 September 2023 false No description of principal activity Taxfiler 2024.6 true 09729807business:PrivateLimitedCompanyLtd2023-09-012024-08-31 097298072023-08-31 097298072023-09-012024-08-31 09729807business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 09729807business:FilletedAccounts2023-09-012024-08-31 097298072024-08-31 09729807business:Director12023-09-012024-08-31 09729807business:Director22023-09-012024-08-31 09729807business:Director32023-09-012024-08-31 09729807business:Director42023-09-012024-08-31 09729807business:RegisteredOffice2023-09-012024-08-31 097298072023-08-31 09729807core:WithinOneYear2024-08-31 09729807core:WithinOneYear2023-08-31 09729807core:AfterOneYear2024-08-31 09729807core:AfterOneYear2023-08-31 09729807core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 09729807core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 09729807core:SharePremiumcore:PreviouslyStatedAmount2024-08-31 09729807core:SharePremiumcore:PreviouslyStatedAmount2023-08-31 09729807core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 09729807core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 09729807core:PreviouslyStatedAmount2024-08-31 09729807core:PreviouslyStatedAmount2023-08-31 09729807business:SmallEntities2023-09-012024-08-31 09729807countries:EnglandWales2023-09-012024-08-31 09729807core:ComputerEquipment2023-09-012024-08-31 09729807core:ComputerEquipment2023-08-31 09729807core:ComputerEquipment2024-08-31 09729807core:AfterOneYear2023-09-012024-08-31 09729807business:OrdinaryShareClass12023-09-012024-08-31 09729807business:OrdinaryShareClass12022-09-012023-08-31 097298072022-09-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09729807 (England and Wales)
Avvoka Limited Unaudited accounts for the year ended 31 August 2024
Avvoka Limited Unaudited accounts Contents
Page
- 2 -
Avvoka Limited Company Information for the year ended 31 August 2024
Directors
Eliot Edward Benzecrit David Anthony Howorth Alfred Louis Mark O'Hare Peter Adam Ernest Opperman
Company Number
09729807 (England and Wales)
Registered Office
124 City Road London EC1V 2NX England
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
- 3 -
Avvoka Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,586 
12,779 
Current assets
Debtors
878,971 
692,276 
Cash at bank and in hand
722,231 
241,959 
1,601,202 
934,235 
Creditors: amounts falling due within one year
(1,384,167)
(813,577)
Net current assets
217,035 
120,658 
Total assets less current liabilities
230,621 
133,437 
Creditors: amounts falling due after more than one year
(7,500)
(17,500)
Net assets
223,121 
115,937 
Capital and reserves
Called up share capital
4 
4 
Share premium
624,919 
624,919 
Profit and loss account
(401,802)
(508,986)
Shareholders' funds
223,121 
115,937 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by
Eliot Edward Benzecrit Director Company Registration No. 09729807
- 4 -
Avvoka Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Avvoka Limited is a private company, limited by shares, registered in England and Wales, registration number 09729807. The registered office is 124 City Road, London, EC1V 2NX, 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.
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
Straight line at 25%
Research and development
Expenditure on research and development is written off in the year in which it is incurred. Where appropriate, development expenditure is capitalised and amortised over its useful economic life.
Research and development tax credit
During the financial year, Avvoka Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
- 5 -
Avvoka Limited Notes to the Accounts for the year ended 31 August 2024
Prior period restatement
During the year, a review of prior year balances highlighted the need for corrections relating to deferred income, accruals, and prepayments. These have been rectified by way of a prior year adjustment, resulting in the following restatements: Prepayments increased from £nil to £2,760 Accruals increased from £nil to £16,824 Deferred income increased from £645,450 to £659,827 VAT decreased from £41,267 to £40,664 In addition, transfer pricing rules were implemented during the year, requiring recognition of an inter-company markup, resulting in the following adjustment: Amounts owed to group undertakings increased from £nil to £24,573 The above adjustments impacted the prior year Profit and Loss, resulting in the following adjustments: Retained earnings decreased by £52,415 to £508,988. Loss for the year increased by £52,415.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 6 -
Avvoka Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
19,833 
Additions
7,957 
Disposals
(1,435)
At 31 August 2024
26,355 
Depreciation
At 1 September 2023
7,054 
Charge for the year
6,069 
On disposals
(354)
At 31 August 2024
12,769 
Net book value
At 31 August 2024
13,586 
At 31 August 2023
12,779 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
865,779 
688,225 
Accrued income and prepayments
12,172 
2,760 
Other debtors
1,020 
1,291 
878,971 
692,276 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
112,100 
40,664 
Trade creditors
38,932 
27,145 
Amounts owed to group undertakings and other participating interests
36,256 
24,574 
Taxes and social security
34,485 
30,432 
Other creditors
5,253 
4,110 
Accruals
40,130 
16,824 
Deferred income
1,107,011 
659,828 
1,384,167 
813,577 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,500 
17,500 
Included in creditors is a Bounce Back Loan due to HSBC of £17,500 (2023: £27,500). This is repayable over a term of 6 years at an interest rate of 2.5%. £10,000 (2023: £10,000) is included in creditors due within one year.
- 7 -
Avvoka Limited Notes to the Accounts for the year ended 31 August 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
37,189 Ordinary shares of £0.0001 each
3.71 
3.71 
9
Average number of employees
During the year the average number of employees was 23 (2023: 17).
- 8 -