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REGISTERED NUMBER: OC382020 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Avl Trade Sales LLP

Avl Trade Sales LLP (Registered number: OC382020)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Avl Trade Sales LLP

General Information
for the Year Ended 31 January 2024







DESIGNATED MEMBERS: S W Beagrie
C S Beagrie





REGISTERED OFFICE: 10 Easter Park Barton Road
Middlesbrough
Cleveland
TS2 1RY





REGISTERED NUMBER: OC382020 (England and Wales)





ACCOUNTANTS: Switch Accountants
Switch House
City West Business Park
St John's Road
Meadowfield
Durham
DH7 8ER

Avl Trade Sales LLP (Registered number: OC382020)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 942 1,297

CURRENT ASSETS
Stocks 61,822 61,822
Debtors 5 734,398 1,443,494
Cash at bank 337,038 216,254
1,133,258 1,721,570
CREDITORS
Amounts falling due within one year 6 674,336 1,374,113
NET CURRENT ASSETS 458,922 347,457
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

459,864

348,754

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

382,338

271,228

MEMBERS' OTHER INTERESTS
Capital accounts 77,526 77,526
459,864 348,754

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 382,338 271,228
Members' other interests 77,526 77,526
459,864 348,754

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 January 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Avl Trade Sales LLP (Registered number: OC382020)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 October 2024 and were signed by:




S W Beagrie - Designated member




C S Beagrie - Designated member


Avl Trade Sales LLP (Registered number: OC382020)

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

1. STATUTORY INFORMATION

Avl Trade Sales LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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

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.

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. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 6,619
DEPRECIATION
At 1 February 2023 5,322
Charge for year 355
At 31 January 2024 5,677
NET BOOK VALUE
At 31 January 2024 942
At 31 January 2023 1,297

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 639,091 1,443,494
Amounts owed by associates 88,452 -
Other debtors 6,855 -
734,398 1,443,494

Avl Trade Sales LLP (Registered number: OC382020)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 372 372
Trade creditors 581,617 1,271,207
Amounts owed to joint ventures 12,602 12,602
Taxation and social security 61,151 52,902
Other creditors 18,594 37,030
674,336 1,374,113

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.1.24 31.1.23
£    £   
Amounts owed to members in respect of profits 382,338 271,228

Falling due within one year 382,338 271,228

The profit for the year before members' remuneration and loss was £1,078,919.12 (£33,990).