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REGISTERED NUMBER: 13506225 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Avo Mechanical Limited

Avo Mechanical Limited (Registered number: 13506225)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Avo Mechanical Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: C W Davies
M T Mavis





REGISTERED OFFICE: 31a Almond Avenue
Newbury
Berkshire
RG14 1LX





REGISTERED NUMBER: 13506225 (England and Wales)





ACCOUNTANTS: Millward, May & Co
Suite 9 Market House
21 Market Place
Wokingham
Berkshire
RG40 1AP

Avo Mechanical Limited (Registered number: 13506225)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,198 47,166

CURRENT ASSETS
Debtors 5 225,993 174,783
Cash at bank 9,435 56,327
235,428 231,110
CREDITORS
Amounts falling due within one year 6 230,848 134,393
NET CURRENT ASSETS 4,580 96,717
TOTAL ASSETS LESS CURRENT LIABILITIES 59,778 143,883

CREDITORS
Amounts falling due after more than one year 7 (48,132 ) (41,752 )

PROVISIONS FOR LIABILITIES (11,592 ) (8,962 )
NET ASSETS 54 93,169

CAPITAL AND RESERVES
Called up share capital 8 100 99
Retained earnings (46 ) 93,070
SHAREHOLDERS' FUNDS 54 93,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

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 directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





C W Davies - Director


Avo Mechanical Limited (Registered number: 13506225)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Avo Mechanical 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 25% reducing balance
Computer equipment - 3 year straight line

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

Avo Mechanical Limited (Registered number: 13506225)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 52,906 916 53,822
Additions 23,428 494 23,922
At 31 July 2023 76,334 1,410 77,744
DEPRECIATION
At 1 August 2022 6,558 98 6,656
Charge for year 15,492 398 15,890
At 31 July 2023 22,050 496 22,546
NET BOOK VALUE
At 31 July 2023 54,284 914 55,198
At 31 July 2022 46,348 818 47,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 224,626 115,505
Other debtors 1,367 59,278
225,993 174,783

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 70,000 -
Hire purchase contracts 13,509 9,064
Trade creditors 3,039 42,610
Taxation and social security 73,033 28,436
Other creditors 71,267 54,283
230,848 134,393

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 48,132 41,752

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 99

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.

Avo Mechanical Limited (Registered number: 13506225)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £7,771 (2022 directors owed the company - £43,515). This loan is interest free, repayable on demand and shown within other debtors.