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REGISTERED NUMBER: 06564623 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Avereco (Basingstoke) Limited

Avereco (Basingstoke) Limited (Registered number: 06564623)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Avereco (Basingstoke) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J J Shelton
M Shelton





SECRETARY: M Shelton





REGISTERED OFFICE: 303 Goring Road
Worthing
West Sussex
BN12 4NX





REGISTERED NUMBER: 06564623 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Avereco (Basingstoke) 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avereco (Basingstoke) Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Avereco (Basingstoke) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Avereco (Basingstoke) Limited and state those matters that we have agreed to state to the Board of Directors of Avereco (Basingstoke) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avereco (Basingstoke) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Avereco (Basingstoke) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Avereco (Basingstoke) Limited. You consider that Avereco (Basingstoke) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Avereco (Basingstoke) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


27 January 2025

Avereco (Basingstoke) Limited (Registered number: 06564623)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,991 38,896

CURRENT ASSETS
Debtors 5 648,620 648,310
Cash at bank and in hand 71,259 63,139
719,879 711,449
CREDITORS
Amounts falling due within one year 6 230,694 280,324
NET CURRENT ASSETS 489,185 431,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,176

470,021

CREDITORS
Amounts falling due after more than one
year

7

47,890

76,242
NET ASSETS 466,286 393,779

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 466,186 393,679
466,286 393,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Avereco (Basingstoke) Limited (Registered number: 06564623)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





M Shelton - Director


Avereco (Basingstoke) Limited (Registered number: 06564623)

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


1. STATUTORY INFORMATION

Avereco (Basingstoke) 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.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% straight line
Computer equipment - 4 years straight line

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.

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.

Avereco (Basingstoke) Limited (Registered number: 06564623)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 38,940 14,870 51,533 7,442 112,785
Additions 322 - - 607 929
At 31 October 2024 39,262 14,870 51,533 8,049 113,714
DEPRECIATION
At 1 November 2023 35,676 6,349 29,202 2,662 73,889
Charge for year 823 1,704 10,307 2,000 14,834
At 31 October 2024 36,499 8,053 39,509 4,662 88,723
NET BOOK VALUE
At 31 October 2024 2,763 6,817 12,024 3,387 24,991
At 31 October 2023 3,264 8,521 22,331 4,780 38,896

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48 -
Amounts owed by group undertakings 630,256 630,256
Other debtors 18,316 18,054
648,620 648,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,953 20,676
Hire purchase contracts 7,123 7,123
Trade creditors 10,667 11,803
Taxation and social security 55,271 36,192
Other creditors 136,680 204,530
230,694 280,324

Avereco (Basingstoke) Limited (Registered number: 06564623)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,016 43,245
Hire purchase contracts 25,874 32,997
47,890 76,242