AVL Reach Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07600740

AVL Reach Limited

Filleted Unaudited Financial Statements

31 December 2024

AVL Reach Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

AVL Reach Limited

Officers and Professional Advisers

Director	M Mykhalevskyi

Registered office	International House
	142 Cromwell Road
	London
	UK
	SW7 4EF

Accountants	Higgins Fairbairn & Co
	Chartered accountants
	4th Floor
	58-59 Great Marlborough Street
	London
	W1F 7JY

AVL Reach Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	5		614,780	625,843

Current assets

Stocks		–	3,036
Debtors	6	644,965	1,075,194
Cash at bank and in hand		15,963	51,072
		---------	------------
		660,928	1,129,302

Creditors: amounts falling due within one year	7	803,008		1,253,825
		---------		------------
Net current liabilities			142,080	124,523
			---------	---------
Total assets less current liabilities			472,700	501,320

Creditors: amounts falling due after more than one year	8	123,817	129,392
		---------	---------
Net assets		348,883	371,928
		---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	338,883	361,928
	---------	---------
Shareholders funds	348,883	371,928
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 December 2024 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 year 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 .

AVL Reach Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

M Mykhalevskyi
Director

Company registration number: 07600740

AVL Reach Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is International House, 142 Cromwell Road, London, SW7 4EF, UK.

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 presentational currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, in respect of principal activity.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Tax on (loss)/profit

Major components of tax (income)/expense

	2024	2023
	£	£

Current tax:

UK current tax (income)/expense	( 1,116)	1,116
	-------	-------
Tax on (loss)/profit	( 1,116)	1,116
	-------	-------

Reconciliation of tax (income)/expense

The tax assessed on the (loss)/profit on ordinary activities for the year is the same as (2023: the same as) the standard rate of corporation tax in the UK of 19 % (2023: 19 %).

	2024	2023
	£	£
(Loss)/profit on ordinary activities before taxation	( 24,161)	5,876
	--------	-------
(Loss)/profit on ordinary activities by rate of tax	( 1,116)	1,116
	--------	-------

5. Investments

	Shares in group undertakings	Loans to group undertakings	Total
	£	£	£
Cost
At 1 January 2024	369,044	256,799	625,843
Other movements	–	( 11,063)	( 11,063)
	---------	---------	---------
At 31 December 2024	369,044	245,736	614,780
	---------	---------	---------
Impairment
At 1 January 2024 and 31 December 2024	–	–	–
	---------	---------	---------

Carrying amount
At 31 December 2024	369,044	245,736	614,780
	---------	---------	---------
At 31 December 2023	369,044	256,799	625,843
	---------	---------	---------

This includes an investment in unlisted 100% membership units of Pluton Polska Sp. Z o o, a company registered in Poland.

6. Debtors

	2024	2023
	£	£
Trade debtors	298,518	766,229
Other debtors	346,447	308,965
	---------	------------
	644,965	1,075,194
	---------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	131,793	478,580
Corporation tax	–	1,083
Other creditors - B.prime Capital Limited	516,498	612,841
Other creditors	154,717	161,321
	---------	------------
	803,008	1,253,825
	---------	------------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	123,817	129,392
	---------	---------

9. Related party transactions

Interest of £21,415 (2023: £26,064) was charged by B.prime Capital Ltd, a company owned by Mr. Mykhailo Mykhalevskyi. In this connection, a loan creditor of £516,498 (2023: £612,841) remains outstanding at the year end. Director's fee of £3,223 (2023: £5,002) was charged by Mykhailo Mykhalevski, the sole shareholder and director of the company during the year. No other transactions with related parties were undertaken such as are required to be disclosed.