Registration number:
Avid Vehicles (Projects) Limited
for the
Period from 1 July 2020 to 25 June 2021
Avid Vehicles (Projects) Limited
Contents
Company Information |
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Directors' Report |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Avid Vehicles (Projects) Limited
Company Information
Directors |
M S Karim M Boyle R J Morris R Shakoori |
Registered office |
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Avid Vehicles (Projects) Limited
Directors' Report for the Period from 1 July 2020 to 25 June 2021
The directors present their report and the financial statements for the period from 1 July 2020 to 25 June 2021.
Directors of the company
The directors who held office during the period were as follows:
The following directors were appointed after the period end:
Small companies' provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies' regime within Part 15 of the Companies Act 2006.
Approved by the
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Avid Vehicles (Projects) Limited
(Registration number: 06680735)
Statement of Financial Position as at 25 June 2021
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2021 |
2020 |
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial period ending 25 June 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
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Avid Vehicles (Projects) Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2020 to 25 June 2021
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in sterling which is the functional currency of the entity.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Debtors |
2021 |
2020 |
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Amounts owed by related parties |
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Avid Vehicles (Projects) Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2020 to 25 June 2021 (continued)
Parent and ultimate parent undertaking |
The company's immediate parent is
On the 27 June 2021 the share capital of AVID Technology Group Limited was acquired by Turntide Transport Limited.
Subsequently, the ultimate parent is Turntide Technologies Inc, incorporated in USA.