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REGISTERED NUMBER: 02580003 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

ANVILMARTS LIMITED

ANVILMARTS LIMITED (REGISTERED NUMBER: 02580003)






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


ANVILMARTS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J Stock
Mr D N Stock
Mr A Streamer
Mrs E McCulloch





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 02580003 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ANVILMARTS LIMITED (REGISTERED NUMBER: 02580003)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 550,331 550,936
Investments 5 45,880 47,151
596,211 598,087

CURRENT ASSETS
Stocks 6 3,220 3,220
Debtors 7 333,526 262,464
Investments 8 7,550 7,550
Cash at bank and in hand 469,459 454,845
813,755 728,079
CREDITORS
Amounts falling due within one year 9 203,941 337,577
NET CURRENT ASSETS 609,814 390,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,206,025

988,589

CREDITORS
Amounts falling due after more than one year 10 (132,748 ) (33,210 )

PROVISIONS FOR LIABILITIES 11 (117,246 ) (88,629 )
NET ASSETS 956,031 866,750

CAPITAL AND RESERVES
Called up share capital 12 103 103
Fair value reserve 350,957 379,033
Retained earnings 604,971 487,614
SHAREHOLDERS' FUNDS 956,031 866,750

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 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.

ANVILMARTS LIMITED (REGISTERED NUMBER: 02580003)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Mr J Stock - Director


ANVILMARTS LIMITED (REGISTERED NUMBER: 02580003)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Anvilmarts 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

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 a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

ANVILMARTS LIMITED (REGISTERED NUMBER: 02580003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 600,000 73,310 51,652 7,386 732,348
Additions - - - 1,282 1,282
At 31 March 2024 600,000 73,310 51,652 8,668 733,630
DEPRECIATION
At 1 April 2023 49,064 73,310 51,652 7,386 181,412
Charge for year 1,646 - - 241 1,887
At 31 March 2024 50,710 73,310 51,652 7,627 183,299
NET BOOK VALUE
At 31 March 2024 549,290 - - 1,041 550,331
At 31 March 2023 550,936 - - - 550,936

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2017 367,942 - - - 367,942
Valuation in 2018 350,000 - - - 350,000
Valuation in 2020 (250,000 ) - - - (250,000 )
Cost 132,058 73,310 51,652 8,668 265,688
600,000 73,310 51,652 8,668 733,630

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 47,151
Revaluations (1,271 )
At 31 March 2024 45,880
NET BOOK VALUE
At 31 March 2024 45,880
At 31 March 2023 47,151

ANVILMARTS LIMITED (REGISTERED NUMBER: 02580003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Listed
investments
£   
Valuation in 2023 (2,579 )
Valuation in 2024 (1,271 )
Cost 49,730
45,880

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 3,220 3,220

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 212,104 290,495
Provision for bad debts - (28,918 )
Other debtors 27,535 -
Directors' current accounts 81,585 -
Prepayments and accrued income 12,302 887
333,526 262,464

8. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Other investment 7,550 7,550

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 39,320 176,225
Trade creditors 41,328 91,507
Tax 92,918 33,527
Social security and other taxes 5,860 5,677
VAT 20,843 21,354
Other creditors 2,438 5,972
Directors' current accounts - 2,081
Accrued expenses 1,234 1,234
203,941 337,577

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 33,185 -
Bank loans - 2-5 years 69,583 33,210
Bank loans more 5 yr by instal 29,980 -
132,748 33,210

ANVILMARTS LIMITED (REGISTERED NUMBER: 02580003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 29,980 -

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 117,246 88,629

Deferred
tax
£   
Balance at 1 April 2023 88,629
Provided during year 28,617
Balance at 31 March 2024 117,246

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
35 A Ordinary £1 35 35
35 B Ordinary £1 35 35
29 C Ordinary £1 29 29
1 D Ordinary £1 1 1
2 E Ordinary £1 2 2
1 F Ordinary £1 1 1
103 103

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Mr J Stock
Balance outstanding at start of year - -
Amounts advanced 109,049 -
Amounts repaid (45,700 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,349 -

ANVILMARTS LIMITED (REGISTERED NUMBER: 02580003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr D N Stock
Balance outstanding at start of year - -
Amounts advanced 37,441 -
Amounts repaid (19,205 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,236 -

As at the balance sheet date, included in debtors due within one year is £81,585 (2023: £2,080 credit), due and payable by the directors.