Avad Group Limited,Ltd - AccountsLtd - Accounts

AVAD GROUP LIMITED - Company Information

2019-07-01 01431059 2020-06-30 01431059 2019-07-01 2020-06-30 01431059 2019-06-30 01431059 2018-07-01 2019-06-30 01431059 uk-core:WithinOneYear 2019-06-30 01431059 uk-core:WithinOneYear 2020-06-30 01431059 uk-core:AfterOneYear 2019-06-30 01431059 uk-core:AfterOneYear 2020-06-30 01431059 uk-core:ShareCapital 2020-06-30 01431059 uk-core:ShareCapital 2019-06-30 01431059 uk-core:RetainedEarningsAccumulatedLosses 2020-06-30 01431059 uk-core:RetainedEarningsAccumulatedLosses 2019-06-30 01431059 uk-bus:Director1 2019-07-01 2020-06-30 01431059 uk-core:NetGoodwill 2019-07-01 2020-06-30 01431059 uk-core:LeaseholdImprovements 2019-07-01 2020-06-30 01431059 uk-core:PlantMachinery 2019-07-01 2020-06-30 01431059 uk-core:Goodwill 2019-06-30 01431059 uk-core:Goodwill 2020-06-30 01431059 uk-core:Goodwill 2019-07-01 2020-06-30 01431059 uk-core:PlantMachinery 2019-06-30 01431059 uk-core:LeaseholdImprovements 2019-06-30 01431059 uk-core:LeaseholdImprovements 2020-06-30 01431059 uk-core:PlantMachinery 2020-06-30 01431059 uk-core:CostValuation 2019-06-30 01431059 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2019-06-30 01431059 uk-core:AdditionsToInvestments 2020-06-30 01431059 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2020-06-30 01431059 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2020-06-30 01431059 uk-core:CostValuation 2020-06-30 01431059 uk-core:Non-currentFinancialInstruments 2020-06-30 01431059 uk-core:Non-currentFinancialInstruments 2019-06-30 01431059 uk-core:WithinOneYear uk-core:Secured 2020-06-30 01431059 uk-core:WithinOneYear uk-core:Secured 2019-06-30 01431059 uk-core:AfterOneYear 2019-07-01 2020-06-30 iso4217:GBP xbrli:pure 01431059 uk-bus:AuditExemptWithAccountantsReport 2019-07-01 2020-06-30 01431059 uk-bus:FRS102 2019-07-01 2020-06-30 01431059 uk-bus:FullAccounts 2019-07-01 2020-06-30 01431059 uk-bus:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30

Avad Group Limited

Registered Number:01431059

For the year ended 30 June 2020

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2020

Avad Group Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

01431059

As at 30 June 2020

Avad Group Limited

Statement of Financial Position

2019

2020

Notes

Fixed assets

Intangible assets

33,417

48,604

Property, plant and equipment

108,105

123,021

Financial assets

682,074

740,764

882,286

853,699

Current assets

Trade and other receivables

1,258,991

1,486,635

1,258,991

Trade and other payables: amounts falling due within one

year

(1,336,859)

(1,596,647)

(77,868)

(110,012)

Net current liabilities

Total assets less current liabilities

772,274

775,831

Trade and other payables: amounts falling due after more

than one year

(367,662)

(339,498)

432,776

Net assets

408,169

Capital and reserves

Called up share capital

275,000

Retained earnings

157,776

133,169

432,776

408,169

Shareholders' funds

For the year ended 30 June 2020 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 of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

Mr S Patel Director

These financial statements were approved and authorised for issue by the Board on 26 March 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2020

Avad Group Limited

Notes to the Financial Statements

Statutory Information

Avad Group Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 01431059.

Registered address:

Avad House

Belvue Road

Northolt

Middlesex

UB5 5HY

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in , is being amortised evenly over its estimated useful life of 0 years.

Property, plant and equipment

Property, plant and equipment, 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:

Land and Buildings

2.5 Per annum on cost

20 per annum on cost

Motor Vehicles

Deferred tax

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.

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For the year ended 30 June 2020

Avad Group Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 July 2019

151,869

At 30 June 2020

151,869

Amortisation

At 01 July 2019

103,265

15,187

Charge for year

At 30 June 2020

118,452

Net book value

At 30 June 2020

33,417

At 30 June 2019

48,604

3. Property, plant and equipment

Total

Motor

Vehicles

Land and

Buildings

Cost or

valuation

At 01 July 2019

230,928

35,490

195,438

At 30 June 2020

195,438

35,490

230,928

Provision for depreciation and impairment

At 01 July 2019

107,907

2,367

105,540

Charge for year

14,916

7,098

7,818

At 30 June 2020

122,823

9,465

113,358

At 30 June 2020

Net book value

82,080

26,025

108,105

At 30 June 2019

89,898

33,123

123,021

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For the year ended 30 June 2020

Avad Group Limited

Notes to the Financial Statements Continued

4. Investments held as fixed assets

Shares in group and participating interests

Total

At 01 July 2019

682,074

Cost

58,690

Additions

At 30 June 2020

740,764

At 30 June 2020

Net book value

740,764

At 01 July 2019

682,074

5. Trade and other receivables

2019

2020

Amounts owed by group undertakings and participating interests

1,475,318

1,256,607

Other debtors

11,317

2,384

1,258,991

1,486,635

6. Trade and other payables: amounts falling due within one year

2019

2020

Bank loans and overdraft (secured)

119,928

72,172

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

1,374,952

1,148,520

Taxation and social security

29,243

27,222

Other creditors

72,524

88,945

1,596,647

1,336,859

7. Trade and other payables: amounts falling due after more than one year

2019

2020

Bank loans and overdraft (secured)

339,498

367,662

Bank loans payable within and after more than 1 yaer are secured by a way of foxed and floating charge over the assets of the companies.

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For the year ended 30 June 2020

Avad Group Limited

Notes to the Financial Statements Continued

8. Related party transactions

The company has taken advantage of exemption, under ther terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the uk and Republic of Ireland', not to disclose related party transactions

with wholly owned subsidiaries within the group.

9. Average number of persons employed

During the year the average number of employees was 8 (2019 : 8)

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