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REGISTERED NUMBER: 01562592 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AVON CONSTRUCTION SERVICES LIMITED

AVON CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01562592)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVON CONSTRUCTION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: I C McNaught-Davis





SECRETARY: G McNaught-Davis





REGISTERED OFFICE: Unit 3B
Hampton Industrial Estate
Hampton Street
Tetbury
Gloucestershire
GL8 8LD





REGISTERED NUMBER: 01562592 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

AVON CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01562592)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,084 1,429

CURRENT ASSETS
Stocks 5 1,000 4,000
Debtors 6 41,351 17,162
Cash at bank - 21,685
42,351 42,847
CREDITORS
Amounts falling due within one year 7 133,717 148,293
NET CURRENT LIABILITIES (91,366 ) (105,446 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(90,282

)

(104,017

)

CREDITORS
Amounts falling due after more than one
year

8

(8,564

)

(15,034

)

PROVISIONS FOR LIABILITIES (271 ) (357 )
NET LIABILITIES (99,117 ) (119,408 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (99,119 ) (119,410 )
SHAREHOLDERS' FUNDS (99,117 ) (119,408 )

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

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

The director acknowledges his 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.

AVON CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01562592)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 18 November 2024 and were signed by:





I C McNaught-Davis - Director


AVON CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01562592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Avon Construction Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised upon completion of work and an invoice being raised.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

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.

AVON CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01562592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The Director has prepared the financial statements on a going concern basis which presumes that the Company will be able to continue in operation for the foreseeable future.

At the date of signing these financial statements, the future of the Company, is intrinsically linked with the outcome of a commercial dispute. Whilst the company is contesting the claim, there are no guarantees of success.

The Director acknowledges that the ability of the Company to continue as a going concern depends upon the outcome of the dispute. Accordingly, these conditions indicate the existence of a material uncertainty which may cast significant doubt about the ability of the company to continue as a going concern.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 42,095 2,000 2,612 46,707
Disposals - (2,000 ) - (2,000 )
At 31 March 2024 42,095 - 2,612 44,707
DEPRECIATION
At 1 April 2023 42,095 1,926 1,257 45,278
Charge for year - - 271 271
Eliminated on disposal - (1,926 ) - (1,926 )
At 31 March 2024 42,095 - 1,528 43,623
NET BOOK VALUE
At 31 March 2024 - - 1,084 1,084
At 31 March 2023 - 74 1,355 1,429

5. STOCKS
2024 2023
£    £   
Stocks 1,000 4,000

AVON CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01562592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,529 127
Other debtors 1,000 5,645
Prepayments and accrued income 11,822 11,390
41,351 17,162

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,739 7,065
Trade creditors 35,549 41,880
Social security and other taxes 65 2,524
Pension - 93
VAT 313 7,003
Net wages - 1,681
Directors' loan accounts 81,897 83,972
Accruals and deferred income 4,154 4,075
133,717 148,293

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 8,564 15,034

9. CONTINGENT LIABILITIES

The company remains in an ongoing trade dispute, which has been effect since the financial year ended 31 March 2021. The outcome of this dispute continues to be uncertain. At the date of the approval of these financial statements the Director is unable to estimate reliably the amount of any potential obligation in relation to the matter.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
I C McNaught-Davis
Balance outstanding at start of year (83,972 ) (71,159 )
Amounts advanced 25,412 16,678
Amounts repaid (23,337 ) (29,491 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (81,897 ) (83,972 )

No interest is being charged on the loan and there are no set repayment terms.