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Registration number: 07659774

Avon Material Supplies (Transport) Limited

Annual Report and Financial Statements

for the Year Ended 30 April 2024

 

Avon Material Supplies (Transport) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Avon Material Supplies (Transport) Limited

Company Information

Chairman

Mr I Mariner

Directors

Mr J Howarth

Mr K Hawkins

Mrs J Leach

Mr S Mariner

Registered office

Unit 26-28 Thorne Way
Woolsbridge Industrial Estate
Three Legged Cross
Wimborne
Dorset
BH21 6FB

Accountants

Elysium
Chartered Accountants
Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

Auditors

Ward Goodman Audit Services Limited
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

 

Avon Material Supplies (Transport) Limited

(Registration number: 07659774)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

95,488

436,024

Cash at bank and in hand

 

36,928

32,884

 

132,416

468,908

Creditors: Amounts falling due within one year

5

(132,316)

(174,252)

Net assets

 

100

294,656

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

-

294,556

Shareholders' funds

 

100

294,656

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 

.........................................
Mr I Mariner
Chairman

 

Avon Material Supplies (Transport) Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The principal place of business is:
Unit 26-28 Thorne Way
Woolsbridge Industrial Estate
Three Legged Cross
Wimborne
Dorset
BH21 6FB

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. .

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Name of parent of group

These financial statements are consolidated in the financial statements of Avon Material Supplies (Holdings) Limited .

The financial statements of Avon Material Supplies (Holdings) Limited may be obtained from Unit 26-28 Thorne Way, Woolsbridge Industrial Estate, Three Legged Cross, Wimborne, Dorset, BH21 6FB .

Going concern

As explained in note 9 to the financial statements, the company ceased trading on 30 April 2024 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. No provision has been made for the future costs of terminating the business unless such costs were committed to at the reporting date.

Judgements

The directors believe that no material judgements or estimates have been applied in this period.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts .

Government grants

Grants of a revenue nature are recognised in income in the period the related costs are incurred and for which the grant is intended to compensate.

 

Avon Material Supplies (Transport) Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Avon Material Supplies (Transport) Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Audit report

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 22 January 2025 was Mr I Rodd BSc FCA FCCA, who signed for and on behalf of the Statuory Auditor Ward Goodman Audit Services Limited.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 42 (2023 - 33).

4

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

-

5,355

Amounts owed by group undertakings

7

19,046

375,514

Prepayments

 

-

25,551

Other debtors

 

76,442

29,604

   

95,488

436,024

 

Avon Material Supplies (Transport) Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
 £

2023
 £

Due within one year

 

Trade creditors

 

79,708

133,630

Taxation and social security

 

44,993

34,797

Other creditors

 

7,615

2,139

Accrued expenses

 

-

3,686

 

132,316

174,252

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Related party transactions

Parent and subsidiary transactions:

The company is a qualifying entity for the purposes of Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', being a member of a group where the parent of that group prepares publicly available consolidated financial statements. The company has therefore taken advantage of exemptions from disclosure of related party transactions with its parent company and fellow wholly owned subsidiaries.

Other related parties and transactions:

During the year the company traded at preferential rates with an entity in which three of the directors of this company are also directors. The company made sales of £7,886 (2023: £6,185) to this entity and purchased £4,876 (2023: £747l) worth of goods and materials from this entity. At the year-end there was a debtor balance of £Nil (2023: £754) and a creditor balance of £1,333 (2023: £774) with this entity.

8

Parent and ultimate parent undertaking

The company's immediate parent is Avon Material Supplies (Holdings) Limited, incorporated in England.

 

 

Avon Material Supplies (Transport) Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

9 Going concern

The company ceased trading on 30 April 2024. As such, the directors have assessed that the company is not a going concern. The financial statements have been prepared on a basis other than going concern with the company's assets and liabilities presented at their net realisable value.