Avant Motor Accident Repair Network Limited |
Registered number: |
12769114 |
Balance Sheet as at 31 March 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
19,760 |
|
|
21,567 |
|
Current assets |
Debtors |
4 |
|
308,868 |
|
|
275,412 |
Cash at bank and in hand |
|
|
577,366 |
|
|
93,910 |
|
|
|
886,234 |
|
|
369,322 |
|
Creditors: amounts falling due within one year |
5 |
|
(582,567) |
|
|
(279,619) |
|
Net current assets |
|
|
|
303,667 |
|
|
89,703 |
|
Net assets |
|
|
|
323,427 |
|
|
111,270 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
323,327 |
|
|
111,170 |
|
Shareholders' funds |
|
|
|
323,427 |
|
|
111,270 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
Approved by the board on 8 July 2024 |
|
|
|
……………………………… |
Mark Johnstone |
Director |
|
Avant Motor Accident Repair Network Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised on completion of the contract. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the costof each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 3 to 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
25 |
|
16 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 April 2023 |
32,568 |
|
Additions |
12,171 |
|
At 31 March 2024 |
44,739 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2023 |
11,001 |
|
Charge for the year |
13,978 |
|
At 31 March 2024 |
24,979 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2024 |
19,760 |
|
At 31 March 2023 |
21,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
271,221 |
|
255,681 |
|
Other debtors |
37,647 |
|
19,731 |
|
|
|
|
|
|
308,868 |
|
275,412 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
289,415 |
|
43,686 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
74,656 |
|
53,030 |
|
Corporation tax |
70,923 |
|
44,589 |
|
Taxes and social security costs |
107,662 |
|
67,705 |
|
Other creditors |
39,911 |
|
70,609 |
|
|
|
|
|
|
582,567 |
|
279,619 |
|
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
|
|
Management charges totalling £164,450 (2023: £115,667) have been charged by parent company, Avant Consult Limited on an arms length basis. At the balance sheet date Avant Consult Ltd was due £74,657 (2023: £53,030) |
|
|
7 |
Other information |
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|
Avant Motor Accident Repair Network Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Kevin Conway House, Longbow Close, Bradley HD2 1GQ |