Aveley Washmill Limited
Annual Report and Unaudited Financial Statements
For the year ended 31 January 2024
Pages for Filing with Registrar
Company Registration No. 13599400 (England and Wales)
Aveley Washmill Limited
Company Information
Directors
Mr C. Toye
Mr K. J. Weatherill
Company number
13599400
Registered office
Orbital House
20 Eastern Road
Romford
Essex
United Kingdom
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Business address
Alexandra House
Waterfront
Lakeside
Thurrock
Essex
United Kingdom
RM20 1WL
Aveley Washmill Limited
Contents
Page
Directors' report
Accountants' report
Balance sheet
1
Notes to the financial statements
2 - 3
Aveley Washmill Limited
Balance Sheet
As at 31 January 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Stock
42,114
42,114
Debtors
3
1,181
10
43,295
42,124
Creditors: amounts falling due within one year
4
(423,525)
(423,539)
Net current liabilities
(380,230)
(381,415)
Capital and reserves
Called up share capital
5
10
10
Profit and loss reserves
(380,240)
(381,425)
Total equity
(380,230)
(381,415)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 September 2024 and are signed on its behalf by:
Mr K. J. Weatherill
Director
Company Registration No. 13599400
Aveley Washmill Limited
Notes to the Financial Statements
For the year ended 31 January 2024
Page 2
1
Accounting policies
Company information

Aveley Washmill Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, United Kingdom, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of not less than 12 months following the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

All of the company's financial assets and liabilities are basic and measured at amortised cost.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2023: 0).

Aveley Washmill Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2024
Page 3
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,175
4
Other debtors
6
6
1,181
10
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
423,525
423,539
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of 1p each
1,000
1,000
10
10
6
Related party transactions

Included in debtors at the balance sheet date is an amount owed from Lakeside Property Development Co Limited, an associate company, of £4 (2023: £4). Also included in debtors at the balance sheet date is an amount owed from Aveley Properties (West Thurrock) Ltd, of £1,171 (2023: £1,236 - amount owed to).

 

Included in creditors at the balance sheet date is an amount owed to fellow group company Aveley Property Holdings Limited, of £423,525 (2023: £422,303).

 

During the period the company received dividend income of £nil (2023: £42,114) from Earlvine Limited, which was a wholly owned subsidiary for part of the previous financial period.

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