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COMPANY REGISTRATION NUMBER: 06996744
Antvic Limited
Financial Statements
31 August 2024
Antvic Limited
Financial Statements
Year ended 31 August 2024
Contents
Page
Officers and professional advisers
1
Strategic report
2
Directors' report
4
Independent auditor's report to the members
6
Statement of income and retained earnings
10
Statement of financial position
11
Statement of cash flows
12
Notes to the financial statements
13
Antvic Limited
Officers and Professional Advisers
The board of directors
Mr A. Vybornyi
Mr V. Shostak
Mr A. Kozak
Registered office
103 High Street
Waltham Cross
EN8 7AN
Auditor
Brindley Goldstein Limited
Chartered accountants & statutory auditor
103 High street
Waltham Cross
EN8 7AN
Antvic Limited
Strategic Report
Year ended 31 August 2024
The directors present their strategic report for the year ended 31 August 2024. Business review The principal activity of the company continues to be that of building contractor specialising in commercial construction, design and build, and project management. The results for the year under review are shown in the annexed financial statements. The Turnover increased by 19.9% (2023:101%)and the gross profit margin decreased to 9.8% (2023:13.5%). Administrative expenses have increased over the previous year. The investment in capacity is intended to facilitate continued growth over the next few years. The company's key financial and other performance indicators during the year are shown on the profit and loss account. The company has continued to focus on providing a high quality service to its customers and the investments referred to above were made to support this policy. The company's ratio of current assets to current liabilities is very healthy and has improved over the last year. The company continues to grow and the director believes that the company has a solid foundation of capital and infrastructure to support its growth. Principal risks and uncertainties The principal risks and uncertainties facing the company are divided between market risks, operational risks and financial risks. Market risk The company has a relatively small percentage of its potential market and while it is constantly operating in a competitive environment, its capabilities and service levels have allowed it to grow successfully over many years. The company can compete for a wider range of customer types and it can offer competitive pricing and a high quality service. Operational risk While the company has a strong presence in the London area, most functions are carried out from its head office. The company has invested in its senior staff and has built up a team of experienced senior management. The investment in infrastructure during the year under review has had the effect of reducing the company's operational risk. Financial risk The company has been steadily increasing its capacity base and has very low reliance on external finance. The nature of the trade means that there are spikes in working capital during particularly busy periods. The company has addressed this risk by making sure it is always in a position to forecast its cash flows and finance requirements and by enhancing its capital base to meet its predicted financial needs. The company's enhancement of its capital base is part of a plan to reduce its financial risk and currently the company does not need external finance.
This report was approved by the board of directors on 3 October 2025 and signed on behalf of the board by:
Mr A. Vybornyi
Director
Registered office:
103 High Street
Waltham Cross
EN8 7AN
Antvic Limited
Directors' Report
Year ended 31 August 2024
The directors present their report and the financial statements of the company for the year ended 31 August 2024 .
Directors
The directors who served the company during the year were as follows:
Mr A. Vybornyi
Mr V. Shostak
Mr A. Kozak
Dividends
Particulars of recommended dividends are detailed in note 12 to the financial statements.
Directors' responsibilities statement
The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board of directors on 3 October 2025 and signed on behalf of the board by:
Mr A. Vybornyi
Director
Registered office:
103 High Street
Waltham Cross
EN8 7AN
Antvic Limited
Independent Auditor's Report to the Members of Antvic Limited
Year ended 31 August 2024
Opinion
We have audited the financial statements of Antvic Limited (the 'company') for the year ended 31 August 2024 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Identifying and testing journal entries and the overall accounting records, particularly those that were significant and unusual. Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied. Assessing the extent of compliance, or lack of, with relevant laws and regulations. Testing key revenue lines, for evidence of management bias. Verification of key assets. Obtaining third-party confirmation of material balances. Documenting and verifying all significant related party balances and transactions. Reviewing documentation such as the company board minutes, correspondence with solicitors, for discussions of irregularities including fraud. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Mr Charles Goldstein
(Senior Statutory Auditor)
For and on behalf of
Brindley Goldstein Limited
Chartered accountants & statutory auditor
103 High street
Waltham Cross
EN8 7AN
3 October 2025
Antvic Limited
Statement of Income and Retained Earnings
Year ended 31 August 2024
2024
2023
Note
£
£
Turnover
4
42,078,828
35,105,387
Cost of sales
37,952,909
30,360,851
-------------
-------------
Gross profit
4,125,919
4,744,536
Administrative expenses
3,445,464
2,317,969
------------
------------
Operating profit
5
680,455
2,426,567
Other interest receivable and similar income
9
6,897
–
Interest payable and similar expenses
10
21,079
20
------------
------------
Profit before taxation
666,273
2,426,547
Tax on profit
11
123,916
404,909
---------
------------
Profit for the financial year and total comprehensive income
542,357
2,021,638
---------
------------
Dividends paid and payable
12
( 35,000)
( 33,304)
Retained earnings at the start of the year
2,591,921
603,587
------------
------------
Retained earnings at the end of the year
3,099,278
2,591,921
------------
------------
All the activities of the company are from continuing operations.
Antvic Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
13
804,965
602,914
Current assets
Stocks
14
390,000
668,849
Debtors
15
5,051,474
4,223,441
Cash at bank and in hand
1,203,298
905,760
------------
------------
6,644,772
5,798,050
Creditors: amounts falling due within one year
16
4,204,307
3,495,042
------------
------------
Net current assets
2,440,465
2,303,008
------------
------------
Total assets less current liabilities
3,245,430
2,905,922
Creditors: amounts falling due after more than one year
17
91,552
259,401
------------
------------
Net assets
3,153,878
2,646,521
------------
------------
Capital and reserves
Called up share capital
19
54,600
54,600
Profit and loss account
3,099,278
2,591,921
------------
------------
Shareholders funds
3,153,878
2,646,521
------------
------------
These financial statements were approved by the board of directors and authorised for issue on 3 October 2025 , and are signed on behalf of the board by:
Mr A. Vybornyi
Director
Company registration number: 06996744
Antvic Limited
Statement of Cash Flows
Year ended 31 August 2024
2024
2023
£
£
Cash flows from operating activities
Profit for the financial year
542,357
2,021,638
Adjustments for:
Depreciation of tangible assets
98,687
78,384
Other interest receivable and similar income
( 6,897)
–
Interest payable and similar expenses
21,079
20
Tax on profit
123,916
404,909
Accrued expenses
2,865
3,000
Changes in:
Stocks
278,849
( 668,849)
Trade and other debtors
( 828,033)
( 2,187,586)
Trade and other creditors
966,063
1,143,380
------------
------------
Cash generated from operations
1,198,886
794,896
Interest paid
( 21,079)
( 20)
Interest received
6,897
–
Tax paid
( 449,171)
( 10,366)
------------
---------
Net cash from operating activities
735,533
784,510
------------
---------
Cash flows from investing activities
Purchase of tangible assets
( 300,738)
( 622,972)
------------
---------
Net cash used in investing activities
( 300,738)
( 622,972)
------------
---------
Cash flows from financing activities
Proceeds from borrowings
( 7,794)
( 11,294)
Payments of finance lease liabilities
( 94,463)
274,524
Dividends paid
( 35,000)
( 33,304)
------------
---------
Net cash (used in)/from financing activities
( 137,257)
229,926
------------
---------
Net increase in cash and cash equivalents
297,538
391,464
Cash and cash equivalents at beginning of year
905,760
514,296
------------
---------
Cash and cash equivalents at end of year
1,203,298
905,760
------------
---------
Antvic Limited
Notes to the Financial Statements
Year ended 31 August 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 103 High Street, Waltham Cross, EN8 7AN.
2. Statement of compliance
These financial statements have been prepared in compliance with 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 functional currency of the entity.
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 for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% straight line
Fixtures and fittings
-
10% straight line
Commercial motor vehicles
-
20% straight line
Computer equipment
-
33% straight line
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.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Turnover
Turnover arises from:
2024
2023
£
£
Construction contracts
42,078,828
35,105,387
-------------
-------------
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Operating profit
Operating profit or loss is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
98,687
78,384
Impairment of trade debtors
61,751
61,941
--------
--------
6. Auditor's remuneration
2024
2023
£
£
Fees payable for the audit of the financial statements
5,000
3,000
-------
-------
7. Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to:
2024
2023
No.
No.
Administrative staff
10
10
----
----
The aggregate payroll costs incurred during the year, relating to the above, were:
2024
2023
£
£
Wages and salaries
220,065
106,822
Social security costs
3,294
–
Other pension costs
1,490
1,491
---------
---------
224,849
108,313
---------
---------
8. Directors' remuneration
The directors' aggregate remuneration in respect of qualifying services was:
2024
2023
£
£
Remuneration
100,301
31,297
---------
--------
9. Other interest receivable and similar income
2024
2023
£
£
Interest on cash and cash equivalents
6,897
–
-------
----
10. Interest payable and similar expenses
2024
2023
£
£
Interest on banks loans and overdrafts
5,811
–
Interest on obligations under finance leases and hire purchase contracts
13,551
20
Other interest payable and similar charges
1,717
–
--------
----
21,079
20
--------
----
11. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
123,916
404,909
---------
---------
Tax on profit
123,916
404,909
---------
---------
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is lower than (2023: lower than) the standard rate of corporation tax in the UK of 25 % (2023: 25 %).
2024
2023
£
£
Profit on ordinary activities before taxation
666,273
2,426,547
---------
------------
Profit on ordinary activities by rate of tax
166,568
606,642
Effect of expenses not deductible for tax purposes
7,860
–
Effect of capital allowances and depreciation
( 50,512)
( 136,147)
Effect of different UK tax rates on some earnings
–
(65,586)
---------
------------
Tax on profit
123,916
404,909
---------
------------
12. Dividends
2024
2023
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
35,000
33,304
--------
--------
13. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 September 2023
658,211
35,027
27,307
14,894
735,439
Additions
288,865
–
9,500
2,373
300,738
Disposals
–
–
–
( 486)
( 486)
---------
--------
--------
--------
------------
At 31 August 2024
947,076
35,027
36,807
16,781
1,035,691
---------
--------
--------
--------
------------
Depreciation
At 1 September 2023
85,088
24,499
15,773
7,165
132,525
Charge for the year
85,406
3,502
4,993
4,786
98,687
Disposals
–
–
–
( 486)
( 486)
---------
--------
--------
--------
------------
At 31 August 2024
170,494
28,001
20,766
11,465
230,726
---------
--------
--------
--------
------------
Carrying amount
At 31 August 2024
776,582
7,026
16,041
5,316
804,965
---------
--------
--------
--------
------------
At 31 August 2023
573,123
10,528
11,534
7,729
602,914
---------
--------
--------
--------
------------
14. Stocks
2024
2023
£
£
Work in progress
390,000
668,849
---------
---------
15. Debtors
2024
2023
£
£
Trade debtors
4,843,323
3,136,392
Other debtors
208,151
1,087,049
------------
------------
5,051,474
4,223,441
------------
------------
16. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,794
25,294
Trade creditors
2,136,404
2,446,151
Accruals and deferred income
10,000
7,135
Corporation tax
125,768
451,023
Social security and other taxes
567,346
–
Obligations under finance leases and hire purchase contracts
98,215
15,123
Other creditors
1,258,780
550,316
------------
------------
4,204,307
3,495,042
------------
------------
17. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,706
–
Obligations under finance leases and hire purchase contracts
81,846
259,401
--------
---------
91,552
259,401
--------
---------
18. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
2024
2023
£
£
Not later than 1 year
111,152
15,123
Later than 1 year and not later than 5 years
92,626
259,401
---------
---------
203,778
274,524
Less: future finance charges
( 23,717)
–
---------
---------
Present value of minimum lease payments
180,061
274,524
---------
---------
19. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
54,600
54,600
54,600
54,600
--------
--------
--------
--------
20. Analysis of changes in net debt
At 1 Sep 2023
Cash flows
At 31 Aug 2024
£
£
£
Cash at bank and in hand
905,760
297,538
1,203,298
Debt due within one year
(40,417)
(65,592)
(106,009)
Debt due after one year
(259,401)
167,849
(91,552)
---------
---------
------------
605,942
399,795
1,005,737
---------
---------
------------
Antvic Limited
Notes to the Financial Statements (continued)
Year ended 31 August 2024
21. Related party transactions
The company was under the control of Mr A. Vybornyi throughout the current year. Mr A. Vybornyi is personally interested in 100% of the company's share capital. Mr A. Vybornyi received dividends from the company during the year of £35,000 (2023: £33,304).