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Registered number: 08961100
Avs Added Value Solutions UK, Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08961100
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,384 21,241
Investments 5 430 430
6,814 21,671
CURRENT ASSETS
Debtors 6 796,621 728,924
Cash at bank and in hand 742,860 3,160
1,539,481 732,084
Creditors: Amounts Falling Due Within One Year 7 (1,027,650 ) (297,117 )
NET CURRENT ASSETS (LIABILITIES) 511,831 434,967
TOTAL ASSETS LESS CURRENT LIABILITIES 518,645 456,638
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,213 ) (3,386 )
NET ASSETS 517,432 453,252
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 517,431 453,251
SHAREHOLDERS' FUNDS 517,432 453,252
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Miguel Carrera Astigarraga
Director
19/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Avs Added Value Solutions UK, Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08961100 . The registered office is 265 Cowley Road, Oxford, OX4 1XQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 33.33%
Plant & Machinery 25.00%
Motor Vehicles 25.00%
Fixtures & Fittings 25.00%
Computer Equipment 33.33%
2.4. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 12)
16 12
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 6,375 2,355 3,635 1,564
Disposals - - (3,635 ) -
As at 31 December 2024 6,375 2,355 - 1,564
Depreciation
As at 1 January 2024 2,656 687 757 585
Provided during the period 2,125 589 682 391
Disposals - - (1,439 ) -
As at 31 December 2024 4,781 1,276 - 976
Net Book Value
As at 31 December 2024 1,594 1,079 - 588
As at 1 January 2024 3,719 1,668 2,878 979
Computer Equipment Total
£ £
Cost
As at 1 January 2024 40,957 54,886
Disposals - (3,635 )
As at 31 December 2024 40,957 51,251
Depreciation
As at 1 January 2024 28,960 33,645
Provided during the period 8,874 12,661
Disposals - (1,439 )
As at 31 December 2024 37,834 44,867
Net Book Value
As at 31 December 2024 3,123 6,384
As at 1 January 2024 11,997 21,241
Page 4
Page 5
5. Investments
Listed
£
Cost
As at 1 January 2024 430
As at 31 December 2024 430
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 430
As at 1 January 2024 430
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 261,755 402,194
Prepayments and accrued income 69,712 -
Other debtors 148,659 1
Net wages - 1,400
Amounts owed by subsidiaries 316,495 325,329
796,621 728,924
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,590 50,398
Corporation tax - 76,957
Other taxes and social security 16,991 115,369
VAT 193,580 7,418
Other creditors 3,040 2,010
Accruals and deferred income 804,449 1,780
Amounts owed to group undertakings - 43,185
1,027,650 297,117
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5