Company Registration No. 09729807 (England and Wales)
Avvoka Limited
Unaudited accounts
for the year ended 31 August 2024
Avvoka Limited
Unaudited accounts
Contents
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
Avvoka Limited
Statement of financial position
as at 31 August 2024
Tangible assets
13,586
12,779
Cash at bank and in hand
722,231
241,959
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
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
Avvoka Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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%
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.
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.
Avvoka Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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 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.
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.
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.
Avvoka Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment
At 1 September 2023
19,833
Amounts falling due within one year
Trade debtors
865,779
688,225
Accrued income and prepayments
12,172
2,760
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
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
Deferred income
1,107,011
659,828
7
Creditors: amounts falling due after more than one year
2024
2023
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.
Avvoka Limited
Notes to the Accounts
for the year ended 31 August 2024
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).