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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
Page
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Andy Avis Electrical Limited Company Information for the year ended 31 July 2023
Director
Mr. A. Avis
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
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Andy Avis Electrical Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
13,000 
Tangible assets
119,903 
43,716 
131,903 
56,716 
Current assets
Debtors
132,055 
139,013 
Cash at bank and in hand
499,946 
312,610 
632,001 
451,623 
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 
Capital and reserves
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
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Andy Avis Electrical Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets
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
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.
Inventories
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 grants
Government grant in relation to furlough scheme is credited to profit and loss account.
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Andy Avis Electrical Limited Notes to the Accounts for the year ended 31 July 2023
Leased assets
Rentals payable under operating leases are charged to the profit and loss account as incurred.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
20,000 
At 31 July 2023
20,000 
Amortisation
At 1 August 2022
7,000 
Charge for the year
1,000 
At 31 July 2023
8,000 
Net book value
At 31 July 2023
12,000 
At 31 July 2022
13,000 
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 
Depreciation
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 
Net book value
At 31 July 2023
1,739 
114,546 
3,618 
119,903 
At 31 July 2022
2,318 
37,946 
3,452 
43,716 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
132,055 
139,013 
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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 
241,645 
175,415 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
16,717 
7,307 
9
Share capital
2023 
2022 
£ 
£ 
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).
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