IRIS Accounts Production v24.3.0.553 08696697 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086966972023-02-28086966972024-02-29086966972023-03-012024-02-29086966972022-02-28086966972022-03-012023-02-28086966972023-02-2808696697ns15:EnglandWales2023-03-012024-02-2908696697ns14:PoundSterling2023-03-012024-02-2908696697ns10:Director12023-03-012024-02-2908696697ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908696697ns10:SmallEntities2023-03-012024-02-2908696697ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2908696697ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2908696697ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2908696697ns10:FullAccounts2023-03-012024-02-2908696697ns10:RegisteredOffice2023-03-012024-02-2908696697ns5:CurrentFinancialInstruments2024-02-2908696697ns5:CurrentFinancialInstruments2023-02-2808696697ns5:Non-currentFinancialInstruments2024-02-2908696697ns5:Non-currentFinancialInstruments2023-02-2808696697ns5:ShareCapital2024-02-2908696697ns5:ShareCapital2023-02-2808696697ns5:RetainedEarningsAccumulatedLosses2024-02-2908696697ns5:RetainedEarningsAccumulatedLosses2023-02-2808696697ns5:PlantMachinery2023-02-2808696697ns5:PlantMachinery2023-03-012024-02-2908696697ns5:PlantMachinery2024-02-2908696697ns5:PlantMachinery2023-02-2808696697ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2908696697ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 08696697 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

AVALONAGE LIMITED

AVALONAGE LIMITED (REGISTERED NUMBER: 08696697)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVALONAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: J S Allison





REGISTERED OFFICE: 8 Tollgate
Stanbridge Earls
Romsey
Hampshire
SO51 0HE





REGISTERED NUMBER: 08696697 (England and Wales)

AVALONAGE LIMITED (REGISTERED NUMBER: 08696697)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,255 6,289

CURRENT ASSETS
Stocks 36,675 69,960
Debtors 5 580,252 315,904
Cash at bank 946,033 672,719
1,562,960 1,058,583
CREDITORS
Amounts falling due within one year 6 450,732 178,472
NET CURRENT ASSETS 1,112,228 880,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,122,483

886,400

CREDITORS
Amounts falling due after more than one
year

7

19,094

29,167
NET ASSETS 1,103,389 857,233

CAPITAL AND RESERVES
Called up share capital 15 15
Retained earnings 1,103,374 857,218
SHAREHOLDERS' FUNDS 1,103,389 857,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

AVALONAGE LIMITED (REGISTERED NUMBER: 08696697)

BALANCE SHEET - continued
29TH FEBRUARY 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 director and authorised for issue on 28th November 2024 and were signed by:





J S Allison - Director


AVALONAGE LIMITED (REGISTERED NUMBER: 08696697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

Avalonage 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 financial statements are presented in £ Sterling which is the functional currency of the company and rounded to the nearest £.

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 represents the revenue generated by the company's operating activities, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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

3. EMPLOYEES AND DIRECTORS

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

AVALONAGE LIMITED (REGISTERED NUMBER: 08696697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 55,500
Additions 8,083
At 29th February 2024 63,583
DEPRECIATION
At 1st March 2023 49,211
Charge for year 4,117
At 29th February 2024 53,328
NET BOOK VALUE
At 29th February 2024 10,255
At 28th February 2023 6,289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,421 15,430
Other debtors 513,831 300,474
580,252 315,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 179,166 38,807
Taxation and social security 253,253 123,624
Other creditors 8,313 6,041
450,732 178,472

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,094 29,167

8. ULTIMATE CONTROLLING PARTY

The controlling party is J S Allison.

The ultimate controlling party is J S Allison.