2022-11-162023-11-302023-11-30false14487885POSSIBLE AVENUE LTD2024-08-0868100iso4217:GBPxbrli:pure144878852022-11-16144878852023-11-30144878852022-11-162023-11-30144878852022-11-15144878852022-11-15144878852022-11-152022-11-1514487885bus:SmallEntities2022-11-162023-11-3014487885bus:AuditExempt-NoAccountantsReport2022-11-162023-11-3014487885bus:FullAccounts2022-11-162023-11-3014487885bus:PrivateLimitedCompanyLtd2022-11-162023-11-3014487885core:WithinOneYear2023-11-3014487885core:AfterOneYear2023-11-3014487885core:WithinOneYear2022-11-1514487885core:AfterOneYear2022-11-1514487885core:ShareCapital2023-11-3014487885core:SharePremium2023-11-3014487885core:RevaluationReserve2023-11-3014487885core:OtherReservesSubtotal2023-11-3014487885core:RetainedEarningsAccumulatedLosses2023-11-3014487885core:ShareCapital2022-11-1514487885core:SharePremium2022-11-1514487885core:RevaluationReserve2022-11-1514487885core:OtherReservesSubtotal2022-11-1514487885core:RetainedEarningsAccumulatedLosses2022-11-1514487885core:LandBuildings2023-11-3014487885core:PlantMachinery2023-11-3014487885core:Vehicles2023-11-3014487885core:FurnitureFittings2023-11-3014487885core:OfficeEquipment2023-11-3014487885core:NetGoodwill2023-11-3014487885core:IntangibleAssetsOtherThanGoodwill2023-11-3014487885core:ListedExchangeTraded2023-11-3014487885core:UnlistedNon-exchangeTraded2023-11-3014487885core:LandBuildings2022-11-1514487885core:PlantMachinery2022-11-1514487885core:Vehicles2022-11-1514487885core:FurnitureFittings2022-11-1514487885core:OfficeEquipment2022-11-1514487885core:NetGoodwill2022-11-1514487885core:IntangibleAssetsOtherThanGoodwill2022-11-1514487885core:ListedExchangeTraded2022-11-1514487885core:UnlistedNon-exchangeTraded2022-11-1514487885core:LandBuildings2022-11-162023-11-3014487885core:PlantMachinery2022-11-162023-11-3014487885core:Vehicles2022-11-162023-11-3014487885core:FurnitureFittings2022-11-162023-11-3014487885core:OfficeEquipment2022-11-162023-11-3014487885core:NetGoodwill2022-11-162023-11-3014487885core:IntangibleAssetsOtherThanGoodwill2022-11-162023-11-3014487885core:ListedExchangeTraded2022-11-162023-11-3014487885core:UnlistedNon-exchangeTraded2022-11-162023-11-3014487885core:MoreThanFiveYears2022-11-162023-11-3014487885core:Non-currentFinancialInstruments2023-11-3014487885core:Non-currentFinancialInstruments2022-11-1514487885dpl:CostSales2022-11-162023-11-3014487885dpl:DistributionCosts2022-11-162023-11-3014487885core:LandBuildings2022-11-162023-11-3014487885core:PlantMachinery2022-11-162023-11-3014487885core:Vehicles2022-11-162023-11-3014487885core:FurnitureFittings2022-11-162023-11-3014487885core:OfficeEquipment2022-11-162023-11-3014487885dpl:AdministrativeExpenses2022-11-162023-11-3014487885core:NetGoodwill2022-11-162023-11-3014487885core:IntangibleAssetsOtherThanGoodwill2022-11-162023-11-3014487885dpl:GroupUndertakings2022-11-162023-11-3014487885dpl:ParticipatingInterests2022-11-162023-11-3014487885dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-162023-11-3014487885core:ListedExchangeTraded2022-11-162023-11-3014487885dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-162023-11-3014487885core:UnlistedNon-exchangeTraded2022-11-162023-11-3014487885dpl:CostSales2022-11-152022-11-1514487885dpl:DistributionCosts2022-11-152022-11-1514487885core:LandBuildings2022-11-152022-11-1514487885core:PlantMachinery2022-11-152022-11-1514487885core:Vehicles2022-11-152022-11-1514487885core:FurnitureFittings2022-11-152022-11-1514487885core:OfficeEquipment2022-11-152022-11-1514487885dpl:AdministrativeExpenses2022-11-152022-11-1514487885core:NetGoodwill2022-11-152022-11-1514487885core:IntangibleAssetsOtherThanGoodwill2022-11-152022-11-1514487885dpl:GroupUndertakings2022-11-152022-11-1514487885dpl:ParticipatingInterests2022-11-152022-11-1514487885dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-152022-11-1514487885core:ListedExchangeTraded2022-11-152022-11-1514487885dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-152022-11-1514487885core:UnlistedNon-exchangeTraded2022-11-152022-11-1514487885core:NetGoodwill2023-11-3014487885core:IntangibleAssetsOtherThanGoodwill2023-11-3014487885core:LandBuildings2023-11-3014487885core:PlantMachinery2023-11-3014487885core:Vehicles2023-11-3014487885core:FurnitureFittings2023-11-3014487885core:OfficeEquipment2023-11-3014487885core:AfterOneYear2023-11-3014487885core:WithinOneYear2023-11-3014487885core:ListedExchangeTraded2023-11-3014487885core:UnlistedNon-exchangeTraded2023-11-3014487885core:ShareCapital2023-11-3014487885core:SharePremium2023-11-3014487885core:RevaluationReserve2023-11-3014487885core:OtherReservesSubtotal2023-11-3014487885core:RetainedEarningsAccumulatedLosses2023-11-3014487885core:NetGoodwill2022-11-1514487885core:IntangibleAssetsOtherThanGoodwill2022-11-1514487885core:LandBuildings2022-11-1514487885core:PlantMachinery2022-11-1514487885core:Vehicles2022-11-1514487885core:FurnitureFittings2022-11-1514487885core:OfficeEquipment2022-11-1514487885core:AfterOneYear2022-11-1514487885core:WithinOneYear2022-11-1514487885core:ListedExc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POSSIBLE AVENUE LTD

Registered Number
14487885
(England and Wales)

Unaudited Financial Statements for the Period ended
30 November 2023

POSSIBLE AVENUE LTD
Company Information
for the period from 16 November 2022 to 30 November 2023

Director

JONES, Matthew Douglas

Registered Address

1 Gemini Court
42a Throwley Way
Sutton
SM1 4AF

Registered Number

14487885 (England and Wales)
POSSIBLE AVENUE LTD
Statement of Financial Position
30 November 2023

Notes

2023

£

£

Fixed assets
Tangible assets3527
527
Current assets
Stocks41,183,460
Debtors5278
Cash at bank and on hand1,539
1,185,277
Creditors amounts falling due within one year6(513,646)
Net current assets (liabilities)671,631
Total assets less current liabilities672,158
Creditors amounts falling due after one year7(747,247)
Net assets(75,089)
Capital and reserves
Called up share capital1
Profit and loss account(75,090)
Shareholders' funds(75,089)
The financial statements were approved and authorised for issue by the Director on 8 August 2024, and are signed on its behalf by:
JONES, Matthew Douglas
Director
Registered Company No. 14487885
POSSIBLE AVENUE LTD
Notes to the Financial Statements
for the period ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The director is aware of their responsibilities whilst trading insolvent and will not seek to withdraw his Directors loan until the company is in a position to do so.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

2023
Average number of employees during the year2
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions702702
At 30 November 23702702
Depreciation and impairment
Charge for year175175
At 30 November 23175175
Net book value
At 30 November 23527527
At 15 November 22--
4.Stocks
Properties at purchase costs plus renovating costs.

2023

£
Other stocks1,183,460
Total1,183,460
5.Debtors: amounts due within one year

2023

£
Prepayments and accrued income278
Total278
6.Creditors: amounts due within one year

2023

£
Taxation and social security235
Other creditors511,217
Accrued liabilities and deferred income2,194
Total513,646
7.Creditors: amounts due after one year

2023

£
Bank borrowings and overdrafts747,247
Total747,247
8.Further information regarding the company's financial position
There is a charge over Freehold Property from Shawbrook Bank Ltd