Avatis Enterprise Group Ltd - Accounts

Avatis Enterprise Group Ltd - Accounts

AVATIS ENTERPRISE GROUP LTD - Company Information

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Registered Number: 10512458
England and Wales

 

 

 

AVATIS ENTERPRISE GROUP LTD


Filleted Unaudited Financial Statements
 


Period of accounts

Start date: 31 December 2021

End date: 30 December 2022

Avatis Enterprise Group Ltd
Contents Page
For the year ended 30 December 2022
Director Mark James
Registered Number 10512458
Registered Office 20-22 Wenlock Road
London
N1 7GU
Accountants Bond & Co Chartered Certified Accountants
66 Gloucester Road
Bishopston
Bristol
BS7 8BH
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 December 2022
Principal activities
The companys principal activity during the year was that of software and HR services.
Director
The director who served the company throughout the year was as follows:
Mark James
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mark James
Director

Date approved: 28 September 2023
2
Report to the directors on the preparation of the unaudited statutory accounts of Avatis Enterprise Group Ltd for the year ended 30 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Avatis Enterprise Group Ltd for the year ended 30 December 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Avatis Enterprise Group Ltd, as a body, in accordance with the terms of our engagement letter dated 10 August 2023 Our work has been undertaken solely to prepare for your approval the accounts of Avatis Enterprise Group Ltd and state those matters that we have agreed to state to the Board of Directors of Avatis Enterprise Group Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avatis Enterprise Group Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Avatis Enterprise Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Avatis Enterprise Group Ltd. You consider that Avatis Enterprise Group Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Avatis Enterprise Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 December 2022


Bond & Co Chartered Certified Accountants
66 Gloucester Road
Bishopston
Bristol
BS7 8BH
28 September 2023
3
 
 		 Notes
 		 2022
£		   2021
£
Current assets      
Debtors 3 344    344 
Cash at bank and in hand 15    59 
359    403 
Creditors: amount falling due within one year 4 (16,650)   (5,727)
Net current liabilities (16,291)   (5,324)
 
Total assets less current liabilities (16,291)   (5,324)
Creditors: amount falling due after more than one year 5 (5,537)   (9,000)
Net liabilities (21,828)   (14,324)
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account (22,828)   (15,324)
Shareholder's funds (21,828)   (14,324)
 


For the year ended 30 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 28 September 2023 and were signed by:


-------------------------------
Mark James
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 31 December 2020 1,000  (8,962) (7,962)
Profit for the year (6,362) (6,362)
Total comprehensive income for the year -  (6,362) (6,362)
Total investments by and distributions to owners -  -  - 
At 30 December 2021 1,000  (15,324) (14,324)
At 31 December 2021 1,000  (15,324) (14,324)
Profit for the year (7,504) (7,504)
Total comprehensive income for the year -  (7,504) (7,504)
Total investments by and distributions to owners -  -  - 
At 30 December 2022 1,000  (22,828) (21,828)
5
General Information
Avatis Enterprise Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10512458, registration address 20-22 Wenlock Road, London, N1 7GU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Debtors: amounts falling due within one year

2022
£		   2021
£
Corporation Tax 344    344 
344    344 

4.

Creditors: amount falling due within one year

2022
£		   2021
£
Trade Creditors 1,200    1,200 
Bank Loans & Overdrafts 2,040    0 
Accrued Expenses 360    450 
Other Creditors 524    0 
Directors' Current Accounts 12,526    4,077 
16,650    5,727 

5.

Creditors: amount falling due after more than one year

2022
£		   2021
£
Bank Loans & Overdrafts 5,537    9,000 
5,537    9,000 

6