Registration number:
Avon Material Supplies (Transport) Limited
for the Year Ended 30 April 2023
Avon Material Supplies (Transport) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Avon Material Supplies (Transport) Limited
Company Information
Directors |
Mr J Howarth Mr I Mariner Mr K Hawkins Mrs J Leach Mr S Mariner |
Registered office |
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Accountants |
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Auditors |
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Avon Material Supplies (Transport) Limited
(Registration number: 07659774)
Balance Sheet as at 30 April 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
294,556 |
251,686 |
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Shareholders' funds |
294,656 |
251,786 |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
These financial statements were approved by the
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Avon Material Supplies (Transport) Limited
Notes to the Financial Statements for the Year Ended 30 April 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The principal place of business is:
Unit 26-28 Thorne Way
Woolsbridge Industrial Estate
Three Legged Cross
Wimborne
Dorset
BH21 6FB
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. .
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Name of parent of group
These financial statements are consolidated in the financial statements of Avon Material Supplies (Holdings) Limited .
The financial statements of Avon Material Supplies (Holdings) Limited may be obtained from Unit 26-28 Thorne Way, Woolsbridge Industrial Estate, Three Legged Cross, Wimborne, Dorset, BH21 6FB .
Judgements
The directors believe that no material judgements or estimates have been applied in this period. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts .
Government grants
Grants of a revenue nature are recognised in income in the period the related costs are incurred and for which the grant is intended to compensate.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Avon Material Supplies (Transport) Limited
Notes to the Financial Statements for the Year Ended 30 April 2023
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Avon Material Supplies (Transport) Limited
Notes to the Financial Statements for the Year Ended 30 April 2023
Audit report
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
Note |
2023 |
2022 |
Trade debtors |
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Amounts owed by group undertakings |
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Prepayments |
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Other debtors |
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Avon Material Supplies (Transport) Limited
Notes to the Financial Statements for the Year Ended 30 April 2023
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Accrued expenses |
3,686 |
3,686 |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Related party transactions |
Parent and subsidiary transactions:
The company is a qualifying entity for the purposes of Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', being a member of a group where the parent of that group prepares publicly available consolidated financial statements. The company has therefore taken advantage of exemptions from disclosure of related party transactions with its parent company and fellow wholly owned subsidiaries.
Other related parties and transactions:
During the year the company traded at preferential rates with an entity in which three of the directors of this company are also directors. The company made sales of £6,185 (2022: £3,431) to this entity and purchased £747 (2022: £Nil) worth of goods and materials from this entity. At the year-end there was a debtor balance of £754 (2022: £4,117) and a creditor balance of £774 (2022: £Nil) with this entity.
Parent and ultimate parent undertaking |
The company's immediate parent is