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REGISTERED NUMBER: 01234857 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

A.V. AND B.V. ANDREWS LIMITED

A.V. AND B.V. ANDREWS LIMITED (REGISTERED NUMBER: 01234857)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

A.V. AND B.V. ANDREWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTORS: M Andrews
B V Andrews





SECRETARY: B V Andrews





REGISTERED OFFICE: 1053 London Road
Leigh-on-sea
Essex
SS9 3JP





REGISTERED NUMBER: 01234857 (England and Wales)





ACCOUNTANTS: Richmond Gatehouse LLP
1053 London Road
Leigh-on-sea
Essex
SS9 3JP

A.V. AND B.V. ANDREWS LIMITED (REGISTERED NUMBER: 01234857)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 170,880 171,035

CURRENT ASSETS
Stocks 55,275 50,250
Debtors 5 5,657 -
Cash at bank 62 58
60,994 50,308
CREDITORS
Amounts falling due within one year 6 (53,830 ) (36,529 )
NET CURRENT ASSETS 7,164 13,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,044

184,814

CREDITORS
Amounts falling due after more than one
year

7

(36,682

)

(51,226

)
NET ASSETS 141,362 133,588

CAPITAL AND RESERVES
Called up share capital 8 10 10
Revaluation reserve 9 68,449 68,449
Retained earnings 9 72,903 65,129
SHAREHOLDERS' FUNDS 141,362 133,588

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.

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 30 August 2024 and were signed on its behalf by:





B V Andrews - Director


A.V. AND B.V. ANDREWS LIMITED (REGISTERED NUMBER: 01234857)

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


1. STATUTORY INFORMATION

A.V. and B.V. Andrews 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.

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.
Plant and machinery etc - 15% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

A.V. AND B.V. ANDREWS LIMITED (REGISTERED NUMBER: 01234857)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 170,000 10,466 180,466
DEPRECIATION
At 1 April 2023 - 9,431 9,431
Charge for year - 155 155
At 31 March 2024 - 9,586 9,586
NET BOOK VALUE
At 31 March 2024 170,000 880 170,880
At 31 March 2023 170,000 1,035 171,035

Included in cost or valuation of land and buildings is freehold land of £ 170,000 (2023 - £ 170,000 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 170,000 - 170,000
Cost - 10,466 10,466
170,000 10,466 180,466

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 101,551 101,551
Aggregate depreciation 8,857 8,857

Value of land in freehold land and buildings 101,551 101,551

Freehold land and buildings were valued on an open market basis on 31 March 2016 by Bryan Andrews - Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,657 -

A.V. AND B.V. ANDREWS LIMITED (REGISTERED NUMBER: 01234857)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,280 13,454
Trade creditors 14,837 6,404
Taxation and social security 6,243 8,923
Other creditors 9,470 7,748
53,830 36,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 36,682 51,226

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 33,849 44,393

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 65,129 68,449 133,578
Profit for the year 17,774 17,774
Dividends (10,000 ) (10,000 )
At 31 March 2024 72,903 68,449 141,352

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Bryan Victor Andrews.

A.V. AND B.V. ANDREWS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
A.V. AND B.V. ANDREWS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Richmond Gatehouse LLP
1053 London Road
Leigh-on-sea
Essex
SS9 3JP


30 August 2024