Registered number
06286672
Aire Valley Decorating Centre Ltd
Filleted Accounts
30 September 2023
Aire Valley Decorating Centre Ltd
Registered number: 06286672
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,091 4,123
Current assets
Stocks 19,997 19,997
Debtors 4 3,024 3,558
Cash at bank and in hand 11,195 9,462
34,216 33,017
Creditors: amounts falling due within one year 5 (32,476) (27,635)
Net current assets 1,740 5,382
Total assets less current liabilities 4,831 9,505
Creditors: amounts falling due after more than one year 6 (411) (7,827)
Net assets 4,420 1,678
Capital and reserves
Called up share capital 2 2
Profit and loss account 4,418 1,676
Shareholders' funds 4,420 1,678
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Egan
Director
Approved by the board on 17 November 2023
Aire Valley Decorating Centre Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% reducing balance
Equipment, Fixtures & Fittings 25% reducing balance
Plant & Machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor Vehicles Plant & machinery etc Fixtures & Fittings Total
£ £ £ £
Cost
At 1 October 2022 9,615 4,302 3,971 17,888
At 30 September 2023 9,615 4,302 3,971 17,888
Depreciation
At 1 October 2022 6,573 3,567 3,625 13,765
Charge for the year 761 184 87 1,032
At 30 September 2023 7,334 3,751 3,712 14,797
Net book value
At 30 September 2023 2,281 551 259 3,091
At 30 September 2022 3,042 735 346 4,123
4 Debtors 2023 2022
£ £
Trade debtors 2,625 2,657
Other debtors 399 901
3,024 3,558
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 7,707 6,704
Other creditors 24,769 20,931
32,476 27,635
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 6,082
Obligations under finance lease and hire purchase contracts - 1,745
Trade creditors 411 -
411 7,827
7 Other information
Aire Valley Decorating Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, Coronation Business Centre
Hard Ings Road
Keighley
BD21 3ND
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