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Avon Electro-Plating Services Limited
Registered Number:01265523
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Avon Electro-Plating Services Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
01265523
As at 31 July 2023
Avon Electro-Plating Services Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
5,109
6,700
2
5,109
6,700
Current assets
Inventories
8,965
9,800
3
Trade and other receivables
33,012
27,633
4
46,773
Cash and cash equivalents
35,619
73,052
88,750
Trade and other payables: amounts falling due within one
year
(32,626)
(27,333)
5
56,124
45,719
Net current assets
Total assets less current liabilities
50,828
62,824
Trade and other payables: amounts falling due after more
than one year
(292)
(124)
6
(14)
(47)
Provisions for liabilities
50,690
Net assets
62,485
Capital and reserves
Called up share capital
100
100
Retained earnings
50,590
62,385
50,690
62,485
Shareholders' funds
For the year ended 31 July 2023 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 2023 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.
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4
Registered Number :
01265523
For the year ended 31 July 2023
Avon Electro-Plating Services Limited
Statement of Financial Position Continued
Mr Martin Raymond Director
These financial statements were approved and authorised for issue by the Board on 12 October 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2023
Avon Electro-Plating Services Limited
Notes to the Financial Statements
Statutory Information
Avon Electro-Plating Services Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 01265523.
Principal place of business:
Unit 2,Crown Works
Oldmixon Crescent
Weston Super Mare
North Somerset
BS24 9AX
Registered address:
Basement, Weavers House
1 Gardens Road
Clevedon
England
BS21 7QQ
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Leasehold Property
10 Reducing balance
Plant and Machinery
25 Reducing balance
25 Reducing balance
Computer Equipment
25 Reducing balance
Motor Vehicles
25 Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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6
For the year ended 31 July 2023
Avon Electro-Plating Services Limited
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Leasehold
Property
£
£
£
£
£
£
Cost or
valuation
At 01 August
2022
137,440
12,857
21,859
6,950
92,117
3,657
At 31 July 2023
3,657
6,950
21,859
12,857
137,440
92,117
Provision for depreciation and impairment
At 01 August
2022
130,740
10,062
21,072
6,950
88,999
3,657
Charge for year
1,591
703
144
-
744
-
At 31 July 2023
132,331
10,765
21,216
6,950
89,743
3,657
At 31 July 2023
Net book value
-
2,374
-
643
2,092
5,109
-
3,118
-
787
2,795
6,700
At 31 July 2022
3. Inventories
2022
2023
£
£
Stocks
9,800
8,965
4. Trade and other receivables
2022
2023
£
£
Trade debtors
25,385
30,826
Other debtors
2,248
2,186
33,012
27,633
The debtors above include the following amounts falling due after more than one year:
Other debtors
1,890
1,890
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7
For the year ended 31 July 2023
Avon Electro-Plating Services Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
1,759
4,231
Taxation and social security
23,174
25,995
Other creditors
2,400
2,400
27,333
32,626
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
124
292
7. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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