Silverfin false false 31/03/2024 01/04/2023 31/03/2024 G M Silvester I J Silvester S M Silvester 13 July 2024 The principal activity of the Company during the financial year was the retailing of bedroom furniture. 01780228 2024-03-31 01780228 2023-03-31 01780228 core:CurrentFinancialInstruments 2024-03-31 01780228 core:CurrentFinancialInstruments 2023-03-31 01780228 core:ShareCapital 2024-03-31 01780228 core:ShareCapital 2023-03-31 01780228 core:RetainedEarningsAccumulatedLosses 2024-03-31 01780228 core:RetainedEarningsAccumulatedLosses 2023-03-31 01780228 core:LandBuildings 2023-03-31 01780228 core:Vehicles 2023-03-31 01780228 core:FurnitureFittings 2023-03-31 01780228 core:OfficeEquipment 2023-03-31 01780228 core:LandBuildings 2024-03-31 01780228 core:Vehicles 2024-03-31 01780228 core:FurnitureFittings 2024-03-31 01780228 core:OfficeEquipment 2024-03-31 01780228 2023-04-01 2024-03-31 01780228 bus:FilletedAccounts 2023-04-01 2024-03-31 01780228 bus:SmallEntities 2023-04-01 2024-03-31 01780228 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01780228 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01780228 bus:Director1 2023-04-01 2024-03-31 01780228 bus:Director2 2023-04-01 2024-03-31 01780228 bus:Director3 2023-04-01 2024-03-31 01780228 core:Vehicles 2023-04-01 2024-03-31 01780228 core:FurnitureFittings 2023-04-01 2024-03-31 01780228 core:OfficeEquipment core:TopRangeValue 2023-04-01 2024-03-31 01780228 2022-04-01 2023-03-31 01780228 core:LandBuildings 2023-04-01 2024-03-31 01780228 core:OfficeEquipment 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 01780228 (England and Wales)

AVONDALE MARKETING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

AVONDALE MARKETING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

AVONDALE MARKETING LIMITED

BALANCE SHEET

As at 31 March 2024
AVONDALE MARKETING LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 132,844 132,950
132,844 132,950
Current assets
Stocks 109,214 76,314
Debtors 4 25,029 89,289
Cash at bank and in hand 8 37,525
134,251 203,128
Creditors: amounts falling due within one year 5 ( 154,845) ( 198,742)
Net current (liabilities)/assets (20,594) 4,386
Total assets less current liabilities 112,250 137,336
Provision for liabilities ( 641) ( 470)
Net assets 111,609 136,866
Capital and reserves
Called-up share capital 100 100
Profit and loss account 111,509 136,766
Total shareholders' funds 111,609 136,866

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Avondale Marketing Limited (registered number: 01780228) were approved and authorised for issue by the Board of Directors on 13 July 2024. They were signed on its behalf by:

S M Silvester
Director
AVONDALE MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
AVONDALE MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Avondale Marketing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Avondale House, 1/2 Fernhill Lane, New Milton, BH25 5JN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 10

3. Tangible assets

Land and buildings Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 April 2023 129,408 41,222 33,234 2,091 205,955
Additions 0 0 0 580 580
At 31 March 2024 129,408 41,222 33,234 2,671 206,535
Accumulated depreciation
At 01 April 2023 0 40,810 30,104 2,091 73,005
Charge for the financial year 0 103 470 113 686
At 31 March 2024 0 40,913 30,574 2,204 73,691
Net book value
At 31 March 2024 129,408 309 2,660 467 132,844
At 31 March 2023 129,408 412 3,130 0 132,950

4. Debtors

2024 2023
£ £
Trade debtors 21,345 85,776
Other debtors 3,684 3,513
25,029 89,289

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 12,378 0
Trade creditors 11,256 18,676
Corporation tax 22,749 31,849
Other taxation and social security 14,039 23,800
Other creditors 94,423 124,417
154,845 198,742

6. Related party transactions

The property from which the company operates is owned personally by the directors. During the year the company paid rent of £86,600 (2023 - £85,600). This transaction is not at market value.