Company Registration No. 09667163 (England and Wales)
Andy Avis Electrical Limited
Unaudited accounts
for the year ended 31 July 2023
Andy Avis Electrical Limited
Unaudited accounts
Contents
Andy Avis Electrical Limited
Company Information
for the year ended 31 July 2023
Company Number
09667163 (England and Wales)
Registered Office
The Downshire
71 Baldwins Lane, Croxley Green
Rickmansworth
Herts
WD3 3LT
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
Andy Avis Electrical Limited
Statement of financial position
as at 31 July 2023
Intangible assets
12,000
13,000
Tangible assets
119,903
43,716
Cash at bank and in hand
499,946
312,610
Creditors: amounts falling due within one year
(241,645)
(175,415)
Net current assets
390,356
276,208
Total assets less current liabilities
522,259
332,924
Creditors: amounts falling due after more than one year
(16,717)
(7,307)
Provisions for liabilities
Deferred tax
(23,981)
(8,743)
Net assets
481,561
316,874
Called up share capital
100
100
Profit and loss account
481,461
316,774
Shareholders' funds
481,561
316,874
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2023 and were signed on its behalf by
Mr. A. Avis
Director
Company Registration No. 09667163
Andy Avis Electrical Limited
Notes to the Accounts
for the year ended 31 July 2023
Andy Avis Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 09667163. The registered office is The Downshire, 71 Baldwins Lane, Croxley Green, Rickmansworth, Herts, WD3 3LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods and services to customers, excluding
Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Goodwill represents the excess of cost of acquisition over the fair value of the separable net asset acquired. Goodwill is amortised through the profit and loss account in equal instalments over its useful life at a rate of 5% per annum.
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grant in relation to furlough scheme is credited to profit and loss account.
Andy Avis Electrical Limited
Notes to the Accounts
for the year ended 31 July 2023
Rentals payable under operating leases are charged to the profit and loss account as incurred.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
12,533
54,671
5,353
72,557
Additions
-
96,815
845
97,660
At 31 July 2023
12,533
151,486
6,198
170,217
At 1 August 2022
10,215
16,725
1,901
28,841
Charge for the year
579
20,215
679
21,473
At 31 July 2023
10,794
36,940
2,580
50,314
At 31 July 2023
1,739
114,546
3,618
119,903
At 31 July 2022
2,318
37,946
3,452
43,716
Amounts falling due within one year
Trade debtors
132,055
139,013
Andy Avis Electrical Limited
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
15,892
4,800
Trade creditors
70,611
35,141
Taxes and social security
49,025
53,806
Other creditors
79,272
52,467
Loans from directors
26,845
29,201
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
16,717
7,307
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
The company voted divided of £80,000(2022 -£100000)to Mr A Avis who is a director of the company and holds 90% shares.
11
Average number of employees
During the year the average number of employees was 6 (2022: 6).