General Information
Avides (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 06805983, registration address The Tax Shop, 38 Stanhope Road, South Shields, Tyne & Wear, NE33 4BT.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under going concern and the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, 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. 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 fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
20-33% Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 4 (2024 : 4).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
3,419 |
|
3,419 |
| Additions |
793 |
|
793 |
| Disposals |
- |
|
- |
| At 31 December 2025 |
4,212 |
|
4,212 |
| Depreciation |
| At 01 January 2025 |
2,730 |
|
2,730 |
| Charge for year |
392 |
|
392 |
| On disposals |
- |
|
- |
| At 31 December 2025 |
3,122 |
|
3,122 |
| Net book values |
| Closing balance as at 31 December 2025 |
1,090 |
|
1,090 |
| Opening balance as at 01 January 2025 |
689 |
|
689 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
0 |
|
2,835 |
|
0 |
|
2,835 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
2,378 |
|
2,198 |
| Amounts owed by group undertakings |
164,066 |
|
216,519 |
| VAT |
1,789 |
|
2,798 |
|
168,233 |
|
221,515 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
199 |
|
517 |
| PAYE & Social Security |
47,780 |
|
60,228 |
| Pension Control Account |
530 |
|
0 |
| Accrued Expenses |
1,623 |
|
1,623 |
| Wages & Salaries Control Account |
0 |
|
47,768 |
|
50,132 |
|
110,136 |
|
| 7. |
Controlling party
The company's ultimate controlling party is Avides Media AG, whose address is Avidesweg1, 27386 Hemsbunde, Germany, which owns 100% of the shares.
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2
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