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REGISTERED NUMBER: 01053632 (England and Wales)















AVON HYDRAULICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






AVON HYDRAULICS LIMITED (REGISTERED NUMBER: 01053632)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVON HYDRAULICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: P B Balcombe
N Balcombe
L J Beacock





REGISTERED OFFICE: Waterloo Road
Bidford on Avon
Nr. Alcester
Warwickshire
B50 4JN





REGISTERED NUMBER: 01053632 (England and Wales)





ACCOUNTANTS: TC Group Limited
Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ

AVON HYDRAULICS LIMITED (REGISTERED NUMBER: 01053632)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,724 47,834
Investments 5 991 991
Investment property 6 617,500 902,500
651,215 951,325

CURRENT ASSETS
Debtors 7 3,896 10,097
Cash at bank and in hand 33,612 57,198
37,508 67,295
CREDITORS
Amounts falling due within one year 8 96,284 42,549
NET CURRENT (LIABILITIES)/ASSETS (58,776 ) 24,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,439

976,071

PROVISIONS FOR LIABILITIES 36,522 115,221
NET ASSETS 555,917 860,850

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Fair value reserve 9 460,827 673,494
Retained earnings 94,990 187,256
SHAREHOLDERS' FUNDS 555,917 860,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

AVON HYDRAULICS LIMITED (REGISTERED NUMBER: 01053632)

BALANCE SHEET - continued
30 JUNE 2023


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 12 March 2024 and were signed on its behalf by:





L J Beacock - Director


AVON HYDRAULICS LIMITED (REGISTERED NUMBER: 01053632)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Avon Hydraulics 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

For the fixed asset category of freehold property the directors have adopted a policy of revaluing the property each year. Any revaluations are recognised in 'other comprehensive income' and accumulated in equity.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

AVON HYDRAULICS LIMITED (REGISTERED NUMBER: 01053632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 47,500 742 48,242
Disposals (15,000 ) - (15,000 )
At 30 June 2023 32,500 742 33,242
DEPRECIATION
At 1 July 2022 - 408 408
Charge for year - 110 110
At 30 June 2023 - 518 518
NET BOOK VALUE
At 30 June 2023 32,500 224 32,724
At 30 June 2022 47,500 334 47,834

Cost or valuation at 30 June 2023 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2005 28,841 - 28,841
Valuation in 2015 20,000 - 20,000
Valuation in 2022 (12,500 ) - (12,500 )
Valuation in 2023 (11,476 ) - (11,476 )
Cost 7,635 742 8,377
32,500 742 33,242

If land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 7,635 11,159

Value of land in freehold land and buildings 32,500 47,500

Fixed assets have been valued on a fair value basis by John Truslove, chartered surveyor and valuer.

Deferred tax has been recognised on all revaluations of fixed assets at the prevailing rate of tax.

AVON HYDRAULICS LIMITED (REGISTERED NUMBER: 01053632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 991
NET BOOK VALUE
At 30 June 2023 991
At 30 June 2022 991

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 902,500
Disposals (285,000 )
At 30 June 2023 617,500
NET BOOK VALUE
At 30 June 2023 617,500
At 30 June 2022 902,500

Investment property has been valued on a fair value basis by John Truslove, chartered surveyor and valuer.

Deferred tax has been recognised on all revaluations of investment property at the prevailing rate of tax.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 192 5,281
Other debtors 3,704 4,816
3,896 10,097

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,314 14,286
Taxation and social security 20,838 -
Other creditors 64,132 28,263
96,284 42,549

AVON HYDRAULICS LIMITED (REGISTERED NUMBER: 01053632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. RESERVES
Fair
value
reserve
£   
At 1 July 2022 673,494
Movement (212,667 )

At 30 June 2023 460,827