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REGISTERED NUMBER: 06943591 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

AVON COATINGS LIMITED

AVON COATINGS LIMITED (REGISTERED NUMBER: 06943591)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVON COATINGS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: Mrs P J Moreby
I G Green





SECRETARY: I G Green





REGISTERED OFFICE: 12 Weale Grove
Warwick
Warwickshire
CV34 5YW





REGISTERED NUMBER: 06943591 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

AVON COATINGS LIMITED (REGISTERED NUMBER: 06943591)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,012 13,966

CURRENT ASSETS
Stocks 2,605 3,299
Debtors 5 30,636 19,587
Cash at bank and in hand 79,541 49,821
112,782 72,707
CREDITORS
Amounts falling due within one year 6 52,365 42,926
NET CURRENT ASSETS 60,417 29,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,429

43,747

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 72,328 43,646
SHAREHOLDERS' FUNDS 72,429 43,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 5 September 2024 and were signed on its behalf by:




Mrs P J Moreby - Director


AVON COATINGS LIMITED (REGISTERED NUMBER: 06943591)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Avon Coatings 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.
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

AVON COATINGS LIMITED (REGISTERED NUMBER: 06943591)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 51,384
Additions 916
Disposals (3,258 )
At 30 June 2024 49,042
DEPRECIATION
At 1 July 2023 37,418
Charge for year 2,511
Eliminated on disposal (2,899 )
At 30 June 2024 37,030
NET BOOK VALUE
At 30 June 2024 12,012
At 30 June 2023 13,966

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,256 7,313
Other debtors 11,380 12,274
30,636 19,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,993 12,384
Taxation and social security 34,269 25,355
Other creditors 5,103 5,187
52,365 42,926

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mrs PJ Moreby director's account became overdrawn. The maximum overdrawn amount during the year and the year end balance was £810 (2023:£Nil). This has subsequently been repaid.

During the year, Mr IG Green director's account became overdrawn. The maximum overdrawn amount during the year and the year end balance was £216 (2023:£Nil). This has subsequently been repaid.

AVON COATINGS LIMITED (REGISTERED NUMBER: 06943591)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


8. RELATED PARTY DISCLOSURES

At 30 June 2024 other creditors includes loans made to the company by Mrs PJ Moreby (director) amounting to £Nil (2023:£31). The loans are interest free with no fixed date for repayment.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs P J Moreby.