Avertec Limited in London, N1 8EQ

Description

Data updated on: 01-11-2023

Avertec is a company situated at N1 8EQ London at 80 Islington High Street. This firm has been operating since 2007 and is registered as reg. no. 06359178. This firm has existed on the UK market for seventeen years now and its last known status is active. The company's SIC code is 47421 meaning Retail sale of mobile telephones. Avertec Ltd filed its latest accounts for the period up to 2022-03-31. Its most recent annual confirmation statement was submitted on 2023-09-03.

Having 30 recruitment advertisements since Fri, 9th Sep 2016, the company has been one of the most active ones on the employment market. Recently, it was searching for job candidates in Central London, Chepstow and London. They most frequentlyusually employ workers on a full time basis under Zero hours contracts mode. They need workers on such positions as for example: Assistant Store Manager O2 Franchise, HR Administrator and HR Business Partner.

According to the official data, the business is led by one director: Mohammad M., who was assigned this position on June 30, 2015. This business had been led by Mohammad M. until June 2015. Additionally another director, namely Yasmin M. quit in 2008.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-09-30	2013-03-31	2014-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31
Currency
Net Worth	411 073	481 274	519 729

Balance Sheet
Cash Bank In Hand	832 832	698 599	924 686
Cash Bank On Hand				555 572	333 438	259 333	250 447	1 790 375	1 583 144
Current Assets	889 256	1 417 602	2 412 084	3 257 521	2 777 965	1 872 203	1 297 678	2 387 346	3 038 952
Debtors	3 872	584 405	1 293 108	2 414 075	2 095 792	1 311 254	849 519	503 019	1 100 084
Net Assets Liabilities				481 159	269 154	36 850	-294 381	508 317	476 387
Net Assets Liabilities Including Pension Asset Liability	411 073	481 274	519 729
Other Debtors				735 770	302 257	254 946	101 618	318 509	284 943
Property Plant Equipment				1 280 030	1 228 282	1 176 535	1 133 493	70 641	55 459
Stocks Inventory	52 552	134 598	194 290
Tangible Fixed Assets	90 170	132 163	149 294
Total Inventories				287 874	348 735	301 616	197 712	93 952	355 724

Capital & Reserves
Called Up Share Capital	1	1	1
Profit Loss Account Reserve	411 072	481 273	519 728
Shareholder Funds	411 073	481 274	519 729

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment				159 685	211 433	263 180	310 787	233 833	254 306
Amounts Owed By Group Undertakings				945 235	126 043		8 946		35 875
Amounts Owed To Group Undertakings				77 556			391 490	287 808	220 652
Average Number Employees During Period					88	72	66	57	56
Bank Borrowings				1 866 140	1 276 858	825 018	358 281
Bank Borrowings Overdrafts				1 317 052	788 617	336 777	358 281
Creditors				1 317 052	1 120 496	618 244	231 055	180 643	130 231
Creditors Due After One Year	40 501	333 605	275 467
Creditors Due Within One Year	527 852	1 394 286	2 405 709
Fixed Assets	90 170	791 563	808 694
Increase From Depreciation Charge For Year Property Plant Equipment					51 748		47 607	42 169	20 473
Investments Fixed Assets		659 400	659 400
Net Current Assets Liabilities	361 404	23 316	6 375	541 781	180 326	-507 699	-1 184 713	629 708	560 029
Number Shares Allotted		1	1
Number Shares Issued Fully Paid					1		1	1	1
Other Creditors				423 627	331 879	281 467	231 055	180 643	130 231
Other Taxation Social Security Payable				730 654	594 987	576 247	430 058	736 879	516 976
Par Value Share		1	1		1		1	1	1
Property Plant Equipment Gross Cost				1 439 715		1 439 715	1 444 280	304 474	309 765
Provisions For Liabilities Balance Sheet Subtotal				23 600	18 958	13 742	12 106	11 389	8 870
Provisions For Liabilities Charges			19 873
Share Capital Allotted Called Up Paid	1	1	1
Tangible Fixed Assets Additions		75 979	33 174
Tangible Fixed Assets Cost Or Valuation	133 207	179 186	212 360
Tangible Fixed Assets Depreciation	43 037	47 023	63 066
Tangible Fixed Assets Depreciation Charged In Period		14 195	16 043
Total Assets Less Current Liabilities	451 574	814 879	815 069	1 821 811	1 408 608	668 836	-51 220	700 349	615 488
Trade Creditors Trade Payables				934 815	1 264 068	990 011	962 180	274 680	1 437 456
Trade Debtors Trade Receivables				733 070	819 227	1 056 308	738 955	184 510	779 266
Disposals Decrease In Depreciation Impairment Property Plant Equipment								119 123
Disposals Property Plant Equipment								1 152 800
Total Additions Including From Business Combinations Property Plant Equipment							4 565	12 994	5 291
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		10 209
Tangible Fixed Assets Disposals		30 000