Registered number
06286672
Aire Valley Decorating Centre Ltd
Filleted Accounts
30 September 2024
Aire Valley Decorating Centre Ltd
Registered number: 06286672
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,319 3,091
Current assets
Stocks 19,997 19,997
Debtors 4 2,187 3,024
Cash at bank and in hand 13,210 11,195
35,394 34,216
Creditors: amounts falling due within one year 5 (37,247) (32,476)
Net current (liabilities)/assets (1,853) 1,740
Total assets less current liabilities 466 4,831
Creditors: amounts falling due after more than one year 6 - (411)
Net assets 466 4,420
Capital and reserves
Called up share capital 2 2
Profit and loss account 464 4,418
Shareholders' funds 466 4,420
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 and delivered 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.
M Egan
Director
Approved by the board on 15 November 2024
Aire Valley Decorating Centre Ltd
Notes to the Accounts
for the year ended 30 September 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% reducing balance
Equipment, Fixtures & Fittings 25% reducing balance
Plant & Machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Motor Vehicles Plant & machinery etc Fixtures & Fittings Total
£ £ £ £
Cost
At 1 October 2023 9,615 4,302 3,971 17,888
At 30 September 2024 9,615 4,302 3,971 17,888
Depreciation
At 1 October 2023 7,334 3,751 3,712 14,797
Charge for the year 570 137 65 772
At 30 September 2024 7,904 3,888 3,777 15,569
Net book value
At 30 September 2024 1,711 414 194 2,319
At 30 September 2023 2,281 551 259 3,091
4 Debtors 2024 2023
£ £
Trade debtors 1,944 2,625
Other debtors 243 399
2,187 3,024
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 5,982 7,707
Other creditors 31,265 24,769
37,247 32,476
6 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors - 411
7 Other information
Aire Valley Decorating Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, Coronation Business Centre
Hard Ings Road
Keighley
BD21 3ND
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