Company Registration No. 09667163 (England and Wales)
Andy Avis Electrical Limited
Unaudited accounts
for the year ended 31 July 2024
Andy Avis Electrical Limited
Unaudited accounts
Contents
Andy Avis Electrical Limited
Company Information
for the year ended 31 July 2024
Directors
Mr. A. Avis
Ms L. Avis
Company Number
09667163 (England and Wales)
Registered Office
The Downshire
71 Baldwins Lane, Croxley Green
Rickmansworth
Herts
WD3 3LT
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
Andy Avis Electrical Limited
Statement of financial position
as at 31 July 2024
Intangible assets
11,000
12,000
Tangible assets
124,821
119,903
Cash at bank and in hand
550,263
499,946
Creditors: amounts falling due within one year
(262,805)
(241,645)
Net current assets
543,109
390,356
Total assets less current liabilities
678,930
522,259
Creditors: amounts falling due after more than one year
-
(16,717)
Provisions for liabilities
Deferred tax
(24,964)
(23,981)
Net assets
653,966
481,561
Called up share capital
100
100
Profit and loss account
653,866
481,461
Shareholders' funds
653,966
481,561
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by
Mr. A. Avis
Director
Company Registration No. 09667163
Andy Avis Electrical Limited
Notes to the Accounts
for the year ended 31 July 2024
Andy Avis Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 09667163. The registered office is The Downshire, 71 Baldwins Lane, Croxley Green, Rickmansworth, Herts, WD3 3LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods and services to customers, excluding
Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Goodwill represents the excess of cost of acquisition over the fair value of the separable net asset acquired. Goodwill is amortised through the profit and loss account in equal instalments over its useful life at a rate of 5% per annum.
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grant in relation to furlough scheme is credited to profit and loss account.
Andy Avis Electrical Limited
Notes to the Accounts
for the year ended 31 July 2024
Rentals payable under operating leases are charged to the profit and loss account as incurred.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
12,533
151,486
6,198
170,217
Additions
-
19,940
7,240
27,180
At 31 July 2024
12,533
171,426
13,438
197,397
At 1 August 2023
10,794
36,940
2,580
50,314
Charge for the year
434
20,173
1,655
22,262
At 31 July 2024
11,228
57,113
4,235
72,576
At 31 July 2024
1,305
114,313
9,203
124,821
At 31 July 2023
1,739
114,546
3,618
119,903
Amounts falling due within one year
Trade debtors
249,351
132,055
Andy Avis Electrical Limited
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
18,595
15,892
Trade creditors
38,828
70,611
Taxes and social security
85,657
49,025
Other creditors
99,571
79,272
Loans from directors
20,154
26,845
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
16,717
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
The company voted divided of £80,000(2023 -£80000)to Mr A Avis who is a director of the company and holds 90% shares.
11
Average number of employees
During the year the average number of employees was 6 (2023: 6).