Avrion Networks Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06055100 (England and Wales)

Unaudited Financial Statements

for the Period 1 February 2021 to 31 March 2022

for

Avrion Networks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Koumourou

SECRETARY:

P Stavrou

REGISTERED OFFICE:

Unit 11, Devonshire Business Centre

Cranborne Road

Potters Bar

EN6 3JR

REGISTERED NUMBER:

06055100 (England and Wales)

ACCOUNTANTS:

Chelepis Watson Ltd

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

CURRENT ASSETS

Debtors

5

65,006

10

Cash at bank

8,149

-

73,155

10

CREDITORS

Amounts falling due within one year

6

(47,992

)

-

NET CURRENT ASSETS

25,163

10

TOTAL ASSETS LESS CURRENT LIABILITIES

25,163

10

CAPITAL AND RESERVES

Called up share capital

7

100

10

Retained earnings

8

25,063

-

SHAREHOLDERS' FUNDS

25,163

10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 September 2022 and were signed by:

C Koumourou - Director

1.	STATUTORY INFORMATION

Avrion Networks 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Taxation

Taxation for the period 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 2 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.1.21

£

£

Trade debtors

43,906

-

Amounts owed by connected companies

16,000

-

Other debtors

5,000

-

Called up share capital not paid

100

10

65,006

10

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.1.21

£

£

Trade creditors

1,493

-

Tax

15,262

-

VAT

783

-

Other creditors

26,501

-

Directors' current accounts

1,453

-

Accrued expenses

2,500

-

47,992

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.1.21

value:

£

£

100

Ordinary

£1

100

10

90 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

8.

RESERVES

Retained

earnings

£

Profit for the period

65,063

Dividends

(40,000

)

At 31 March 2022

25,063