REGISTERED NUMBER: 06092349 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Avezika Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N K Sheth

SECRETARY:

N K Sheth

REGISTERED OFFICE:

Cotswold Grange Hotel

Pittville Circus Road

Cheltenham

Gloucestershire

GL52 2QH

REGISTERED NUMBER:

06092349 (England and Wales)

ACCOUNTANTS:

Trio Accountancy Services Ltd

The Limes

Bayshill Road

Cheltenham

Gloucestershire

GL50 3AW

FIXED ASSETS

Intangible assets

4

73,769

103,265

Tangible assets

5

1,212,935

1,202,801

1,286,704

1,306,066

CURRENT ASSETS

Stocks

2,800

2,800

Debtors

6

-

3,681

Cash at bank

98,992

241,360

101,792

247,841

CREDITORS

Amounts falling due within one year

7

151,552

55,124

NET CURRENT (LIABILITIES)/ASSETS

(49,760

)

192,717

TOTAL ASSETS LESS CURRENT LIABILITIES

1,236,944

1,498,783

CREDITORS

Amounts falling due after more than one year

8

838,851

1,025,151

NET ASSETS

398,093

473,632

CAPITAL AND RESERVES

Called up share capital

900

1,000

Capital redemption reserve

(129,900

)

-

Retained earnings

527,093

472,632

SHAREHOLDERS' FUNDS

398,093

473,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

N K Sheth - Director

1.	STATUTORY INFORMATION

Avezika Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

590,000

AMORTISATION

At 1 March 2024

486,735

Amortisation for year

29,496

At 28 February 2025

516,231

NET BOOK VALUE

At 28 February 2025

73,769

At 29 February 2024

103,265

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

1,191,775

91,812

180,756

22,002

1,486,345

Additions

15,400

-

-

-

15,400

At 28 February 2025

1,207,175

91,812

180,756

22,002

1,501,745

DEPRECIATION

At 1 March 2024

10,038

86,684

168,068

18,754

283,544

Charge for year

-

1,282

3,172

812

5,266

At 28 February 2025

10,038

87,966

171,240

19,566

288,810

NET BOOK VALUE

At 28 February 2025

1,197,137

3,846

9,516

2,436

1,212,935

At 29 February 2024

1,181,737

5,128

12,688

3,248

1,202,801

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Prepayments

-

3,681

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

-

97

Trade creditors

9,551

9,141

Tax

33,916

13,376

Social security and other taxes

4,898

980

Wages control

-

11,700

VAT

35,638

16,825

Directors' current accounts

66,249

-

Accrued expenses

1,300

3,005

151,552

55,124

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

828,060

885,977

Other creditors

10,791

-

Directors' loan accounts

-

139,174

838,851

1,025,151