AVS-Comm Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06010092 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

AVS-COMM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Hampshire

Miss K Illingworth

REGISTERED OFFICE:

4 The Dell

Rotherham

S66 3ZQ

REGISTERED NUMBER:

06010092 (England and Wales)

ACCOUNTANTS:

Booth Lynch & Co Limited

4 The Dell

Woodlaithes Village

Rotherham

S66 3ZQ

FIXED ASSETS

Tangible assets

4

4,550

6,066

CURRENT ASSETS

Stocks

750

750

Debtors

5

13,779

14,779

14,529

15,529

CREDITORS

Amounts falling due within one year

6

7,580

8,580

NET CURRENT ASSETS

6,949

6,949

TOTAL ASSETS LESS CURRENT LIABILITIES

11,499

13,015

PROVISIONS FOR LIABILITIES

1,153

1,153

NET ASSETS

10,346

11,862

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

10,336

11,852

SHAREHOLDERS' FUNDS

10,346

11,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:

M Hampshire - Director

1.	STATUTORY INFORMATION

AVS-Comm 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.

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

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 December 2020

and 30 November 2021

19,834

DEPRECIATION

At 1 December 2020

13,768

Charge for year

1,516

At 30 November 2021

15,284

NET BOOK VALUE

At 30 November 2021

4,550

At 30 November 2020

6,066

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

12,103

13,103

Other debtors

1,676

1,676

13,779

14,779

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans and overdrafts

465

465

Trade creditors

2,947

3,197

Taxation and social security

2,666

3,166

Other creditors

1,502

1,752

7,580

8,580

7.	ULTIMATE CONTROLLING PARTY

The directors have the ultimate control of the company.