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REGISTERED NUMBER: 13506225 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Avo Mechanical Limited

Avo Mechanical Limited (Registered number: 13506225)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Avo Mechanical Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: C W Davies
M T Mavis





REGISTERED OFFICE: 7 Frouds Lane
Aldermaston
Reading
Berkshire
RG7 4LH





REGISTERED NUMBER: 13506225 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Avo Mechanical Limited (Registered number: 13506225)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,300 55,198

CURRENT ASSETS
Debtors 5 295,743 225,993
Cash at bank 39,859 9,435
335,602 235,428
CREDITORS
Amounts falling due within one year 6 331,000 230,848
NET CURRENT ASSETS 4,602 4,580
TOTAL ASSETS LESS CURRENT LIABILITIES 61,902 59,778

CREDITORS
Amounts falling due after more than one year 7 (42,136 ) (48,132 )

PROVISIONS FOR LIABILITIES (11,019 ) (11,592 )
NET ASSETS 8,747 54

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 8,647 (46 )
SHAREHOLDERS' FUNDS 8,747 54

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





C W Davies - Director


Avo Mechanical Limited (Registered number: 13506225)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Avo Mechanical Limited 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.

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.

Motor vehicles - 25% reducing balance
Computer equipment - 3 year straight line
Fixtures & fittings - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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 3 (2023 - 3 ) .

Avo Mechanical Limited (Registered number: 13506225)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 - 76,334 1,410 77,744
Additions 1,137 16,126 1,011 18,274
At 31 July 2024 1,137 92,460 2,421 96,018
DEPRECIATION
At 1 August 2023 - 22,050 496 22,546
Charge for year 171 15,251 750 16,172
At 31 July 2024 171 37,301 1,246 38,718
NET BOOK VALUE
At 31 July 2024 966 55,159 1,175 57,300
At 31 July 2023 - 54,284 914 55,198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 230,862 224,626
Other debtors 64,881 1,367
295,743 225,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 100,576 70,000
Hire purchase contracts (see note 8) 17,401 13,509
Trade creditors 19,278 3,039
Taxation and social security 145,971 73,033
Other creditors 47,774 71,267
331,000 230,848

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts (see note 8) 42,136 48,132

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 17,401 13,509
Between one and five years 42,136 48,132
59,537 61,641

Avo Mechanical Limited (Registered number: 13506225)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 7,000 -
Between one and five years 14,583 -
21,583 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £NIL (2023 - £7,771).