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AVANCEON LIMITED UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021EY Ford Rhodes Chartered Accountants P.O. Box 104 4th Floor, 96, B1 Pace Mall Building M.M. Alam Road, Gulberg
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Gather all financial documents including income statement, cash flow statement, and previous year's balance sheet.
02
List all assets owned by the company including cash, accounts receivable, inventory, and property.
03
Calculate the total value of all assets and list it under the 'Assets' section of the balance sheet.
04
List all liabilities owned by the company including accounts payable, loans, and other debts.
05
Calculate the total value of all liabilities and list it under the 'Liabilities' section of the balance sheet.
06
Calculate the difference between total assets and total liabilities to find the company's equity or net worth.
07
Double check all calculations and ensure that the balance sheet balances with Assets = Liabilities + Equity.

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The annual balance for Avnpkavanceon Ltd reflects the company's total assets, liabilities, and equity over the fiscal year.
The company itself, along with its directors and designated officers, are required to file the annual balance.
To fill out the annual balance, gather financial statements, accurately report all assets and liabilities, and ensure compliance with relevant accounting standards.
The purpose of the annual balance is to provide a comprehensive overview of the company’s financial position to stakeholders, including investors and regulatory authorities.
The annual balance must report total assets, total liabilities, equity, revenue, expenses, and any other relevant financial data.
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