Registered number 12769114
Avant Motor Accident Repair Network Limited
Report and Unaudited Accounts
31 March 2024
James Smith (Accountant ) Ltd
Chartered Accountant
The Dower House
Church Street
West Hanney
Oxfordshire
OX12 0LW
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
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
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