AVEL LIMITED,Ltd - AccountsLtd

As at 31 July 2018

AVEL LIMITED

Statement of Financial Position

Registered Number :

09668230

2017

2018

Notes

Fixed assets

Property, plant and equipment

2,774

3,120

2,774

3,120

Current assets

Trade and other receivables

5,580

17,745

Cash and cash equivalents

12,950

18,530

17,745

Trade and other payables: amounts falling due within one

year

(15,684)

(20,136)

2,061

(1,606)

Net current liabilities

Total assets less current liabilities

1,168

5,181

1,168

Net assets

5,181

Capital and reserves

Called up share capital

500

Retained earnings

668

4,681

1,168

5,181

Shareholders' funds

For the year ended 31 July 2018 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 31 July 2018 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.

PAVEL OLIYNYK Director

These financial statements were approved and authorised for issue by the Board on 31 August 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 July 2018

AVEL LIMITED

Notes to the Financial Statements

Statutory Information

AVEL LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number

09668230.

Registered address:

111 Blackburn Street

Radcliffe

Manchester

M26 3WQ

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, 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:

25 Straight line

Computer equipment

2. Property, plant and equipment

Computer

equipment

Cost or

valuation

At 01 August 2017

5,696

867

Additions

At 31 July 2018

6,563

Provision for depreciation and impairment

At 01 August 2017

2,576

Charge for year

1,213

At 31 July 2018

3,789

At 31 July 2018

Net book value

2,774

At 31 July 2017

3,120

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