Company Registration No. 08831254 (England and Wales)
Autovu Solutions Ltd
Unaudited accounts
for the year ended 31 January 2021
Autovu Solutions Ltd
Unaudited accounts
Contents
Autovu Solutions Ltd
Company Information
for the year ended 31 January 2021
Company Number
08831254 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Autovu Solutions Ltd
Statement of financial position
as at 31 January 2021
Tangible assets
1,801
3,271
Cash at bank and in hand
856
1,539
Creditors: amounts falling due within one year
(9,784)
(23,812)
Net current assets/(liabilities)
50,245
(2,343)
Total assets less current liabilities
52,046
928
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
100
100
Profit and loss account
1,946
828
Shareholders' funds
2,046
928
For the year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2021 and were signed on its behalf by
J A Simmonds
Director
Company Registration No. 08831254
Autovu Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2021
Autovu Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08831254. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Computer equipment
33% straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2020
3,469
4,545
8,014
At 31 January 2021
3,469
4,545
8,014
At 1 February 2020
3,469
1,274
4,743
Charge for the year
-
1,470
1,470
At 31 January 2021
3,469
2,744
6,213
At 31 January 2021
-
1,801
1,801
At 31 January 2020
-
3,271
3,271
Autovu Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2021
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
58,417
19,927
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
6,492
9,266
7
Creditors: amounts falling due after more than one year
2021
2020
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loans
11,761
71,498
28,186
55,073
11,761
71,498
28,186
55,073
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
