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REGISTERED NUMBER: 07003337 (England and Wales)















AVONDALE EXHIBITIONS LTD

Unaudited Financial Statements

for the Year Ended 31 October 2023






AVONDALE EXHIBITIONS LTD (REGISTERED NUMBER: 07003337)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVONDALE EXHIBITIONS LTD

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P Watkins





REGISTERED OFFICE: 11 New Street
Pontnewydd
Cwmbran
NP44 1EE





REGISTERED NUMBER: 07003337 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

AVONDALE EXHIBITIONS LTD (REGISTERED NUMBER: 07003337)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,833,356 1,857,404

CURRENT ASSETS
Debtors 5 70,075 108,432
Prepayments and accrued income 21,661 8,140
Cash at bank 13,838 10,285
105,574 126,857
CREDITORS
Amounts falling due within one year 6 338,559 436,505
NET CURRENT LIABILITIES (232,985 ) (309,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,600,371

1,547,756

CREDITORS
Amounts falling due after more than one year 7 2,482,595 2,127,088
NET LIABILITIES (882,224 ) (579,332 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (882,324 ) (579,432 )
(882,224 ) (579,332 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 July 2024 and were signed by:





P Watkins - Director


AVONDALE EXHIBITIONS LTD (REGISTERED NUMBER: 07003337)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Avondale Exhibitions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

AVONDALE EXHIBITIONS LTD (REGISTERED NUMBER: 07003337)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 3,745,476 76,601 3,822,077
Additions 255,500 13,140 268,640
Disposals - (5,865 ) (5,865 )
At 31 October 2023 4,000,976 83,876 4,084,852
DEPRECIATION
At 1 November 2022 1,945,134 19,539 1,964,673
Charge for year 271,584 15,239 286,823
At 31 October 2023 2,216,718 34,778 2,251,496
NET BOOK VALUE
At 31 October 2023 1,784,258 49,098 1,833,356
At 31 October 2022 1,800,342 57,062 1,857,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 70,075 108,432

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 42,504 40,000
Hire purchase contracts - 4,551
Trade creditors 59,799 164,578
Taxation and social security 25,807 24,458
Other creditors 210,449 202,918
338,559 436,505

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 46,074 91,089
Other creditors 2,436,521 2,035,999
2,482,595 2,127,088