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REGISTERED NUMBER: 05009462 (England and Wales)















Avalon Climate Engineering Limited

Abridged Unaudited Financial Statements for the Year Ended 31 January 2022






Avalon Climate Engineering Limited (Registered number: 05009462)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Avalon Climate Engineering Limited

Company Information
for the Year Ended 31 January 2022







DIRECTOR: G Howes



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 05009462 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
9 York Buildings
Cornhill
Bridgwater
Somerset
TA6 3BA

Avalon Climate Engineering Limited (Registered number: 05009462)

Abridged Statement of Financial Position
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 5,025 7,179
Tangible assets 6 3,236 4,298
8,261 11,477

CURRENT ASSETS
Stocks 225 200
Debtors 28,804 10,008
Cash at bank and in hand 20,799 25,244
49,828 35,452
CREDITORS
Amounts falling due within one year 28,648 15,504
NET CURRENT ASSETS 21,180 19,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,441

31,425

PROVISIONS FOR LIABILITIES 7 615 817
NET ASSETS 28,826 30,608

CAPITAL AND RESERVES
Called up share capital 8 201 201
Retained earnings 28,625 30,407
SHAREHOLDERS' FUNDS 28,826 30,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Avalon Climate Engineering Limited (Registered number: 05009462)

Abridged Statement of Financial Position - continued
31 January 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2022 and were signed by:





G Howes - Director


Avalon Climate Engineering Limited (Registered number: 05009462)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Avalon Climate Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Avalon Climate Engineering Limited (Registered number: 05009462)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2021
and 31 January 2022 43,078
AMORTISATION
At 1 February 2021 35,899
Amortisation for year 2,154
At 31 January 2022 38,053
NET BOOK VALUE

At 31 January 2022 5,025
At 31 January 2021 7,179

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2021
and 31 January 2022 21,236
DEPRECIATION
At 1 February 2021 16,938
Charge for year 1,062
At 31 January 2022 18,000
NET BOOK VALUE
At 31 January 2022 3,236
At 31 January 2021 4,298

7. PROVISIONS FOR LIABILITIES
31.1.22 31.1.21
£    £   
Deferred tax 615 817

Avalon Climate Engineering Limited (Registered number: 05009462)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2021 817
Credit to Income Statement during year (202 )
Balance at 31 January 2022 615

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.22 31.1.21
value: £    £   
100 'A' Ordinary £1 100 100
100 'B' Ordinary £1 100 100
1 'C' Ordinary £1 1 1
201 201

All shares rank pari passu in all respects.

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current period by its director by virtue of the fact that he owns the majority of the issued share capital.