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REGISTERED NUMBER: 02975897 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Anvil Homes Limited

Anvil Homes Limited (Registered number: 02975897)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Anvil Homes Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A W Carr
A E Carr





SECRETARY: Mrs J Tearse





REGISTERED OFFICE: Anvil House
Whittonstall
Consett
Co. Durham
DH8 9JN





REGISTERED NUMBER: 02975897 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Anvil Homes Limited (Registered number: 02975897)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 254,681 172,381
Investments 6 12 12
254,693 172,393

CURRENT ASSETS
Stocks - 470,072
Debtors 7 1,350,722 799,066
Cash at bank 80,831 179,094
1,431,553 1,448,232
CREDITORS
Amounts falling due within one year 8 346,173 269,841
NET CURRENT ASSETS 1,085,380 1,178,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,340,073

1,350,784

CREDITORS
Amounts falling due after more than one
year

9

(34,724

)

(72,852

)

PROVISIONS FOR LIABILITIES (51,114 ) (30,179 )
NET ASSETS 1,254,235 1,247,753

Anvil Homes Limited (Registered number: 02975897)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 12 12
Retained earnings 1,254,223 1,247,741
SHAREHOLDERS' FUNDS 1,254,235 1,247,753

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





A E Carr - Director


Anvil Homes Limited (Registered number: 02975897)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Anvil Homes 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The principal activity of the company is the development of residential units. The company recognises turnover and profit in the profit and loss account when the sale of a unit is legally completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Anvil Homes Limited (Registered number: 02975897)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
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
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. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

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

Anvil Homes Limited (Registered number: 02975897)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 231,106 138,112 369,218
Additions 92,500 39,891 132,391
Disposals (53,362 ) - (53,362 )
At 30 April 2024 270,244 178,003 448,247
DEPRECIATION
At 1 May 2023 135,743 61,094 196,837
Charge for year 23,841 19,254 43,095
Eliminated on disposal (46,366 ) - (46,366 )
At 30 April 2024 113,218 80,348 193,566
NET BOOK VALUE
At 30 April 2024 157,026 97,655 254,681
At 30 April 2023 95,363 77,018 172,381

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 - 76,418 76,418
DEPRECIATION
At 1 May 2023 (5,304 ) 25,301 19,997
Charge for year - 11,009 11,009
Transfer to ownership 5,304 - 5,304
At 30 April 2024 - 36,310 36,310
NET BOOK VALUE
At 30 April 2024 - 40,108 40,108
At 30 April 2023 5,304 51,117 56,421

Anvil Homes Limited (Registered number: 02975897)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 12
NET BOOK VALUE
At 30 April 2024 12
At 30 April 2023 12

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 185,547 -
Amounts owed by group undertakings 672,404 703,175
Other debtors 492,771 95,891
1,350,722 799,066

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,650 10,650
Hire purchase contracts 24,530 28,156
Trade creditors 257,822 190,915
Taxation and social security 9,096 1,415
Other creditors 44,075 38,705
346,173 269,841

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,046 21,696
Hire purchase contracts 19,647 41,750
Other creditors 4,031 9,406
34,724 72,852

Anvil Homes Limited (Registered number: 02975897)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Other loans 9,406 14,781
Hire purchase contracts 44,177 69,906
53,583 84,687

Other loans include £14,787 which is secured against certain fixed assets of the company.

The hire purchase liabilities are secured against the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
12 Ordinary £1 12 12

12. RELATED PARTY DISCLOSURES

The company is owed £672,404 from Anvil Homes (North West) Limited as at 30 April 2024. Anvil Homes (North West) Limited is a 100% subsidiary of Anvil Homes Limited.

No interest is charged on this amount and there are no fixed repayment terms.