AVON ELECTRICS LTD

Company Registration Number:
04183908 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

AVON ELECTRICS LTD

Company Information

for the Period Ended 31 March 2024




Director: Gregory Simon Folkes
Secretary: Gregory Simon Folkes
Registered office: 31 Wellow Brook Court
Millards Hill
Midsomer Norton
Radstock
Somerset
GBR
BA3 2DJ
Company Registration Number: 04183908 (England and Wales)

AVON ELECTRICS LTD

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

Electrical Installation

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Gregory Simon Folkes

Secretary
Gregory Simon Folkes

This report was approved by the board of directors on 27 December 2024
And Signed On Behalf Of The Board By:

Name: Gregory Simon Folkes
Status: Director

AVON ELECTRICS LTD

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 38,646 99,083
Cost of sales ( 11,247 ) ( 25,743 )
Gross Profit or (Loss) 27,399 73,340
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 33,504 ) ( 43,296 )
Operating Profit or (Loss) ( 6,105 ) 30,044
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 340 ) ( 464 )
Profit or (Loss) Before Tax 4 ( 6,445 ) 29,580
Tax on Profit - ( 6,035 )
Profit or (Loss) for Period ( 6,445 ) 23,545

The notes form part of these financial statements

AVON ELECTRICS LTD

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 7,638 10,167
Total fixed assets: 7,638 10,167
Current assets
Stocks: 3,175 3,800
Debtors: 6 1,324 16,204
Cash at bank and in hand: 6,657 14,776
Total current assets: 11,156 34,780
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 7,071 ) ( 20,136 )
Net current assets (liabilities): 4,085 14,644
Total assets less current liabilities: 11,723 24,811
Creditors: amounts falling due after more than one year: 8 ( 5,833 ) ( 10,925 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 5,890 13,886

The notes form part of these financial statements

AVON ELECTRICS LTD

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 5,886 13,882
Shareholders funds: 5,890 13,886

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 27 December 2024
And Signed On Behalf Of The Board By:

Name: Gregory Simon Folkes
Status: Director

The notes form part of these financial statements

AVON ELECTRICS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
    Plant & Machinery Straight line over 4 years
    Motor Vehicles Reducing balance 25%
    Computer Equipment Straight line over 4 years

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

    Other accounting policies

    Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

AVON ELECTRICS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

AVON ELECTRICS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

AVON ELECTRICS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4.Profit or (Loss) before tax

Very little work is being performed through this business as I've now gone into partnership with another electrician. However, a small amount of work is being performed though this business in order to keep up with the Bounce Back Loan monthly payments. The business will be dissolved once this has been payed off in May 2026.

AVON ELECTRICS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 April 2023 13,866 4,467 14,543 32,876
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 March 2024 13,866 4,467 14,543 32,876
Depreciation
At 01 April 2023 12,982 3,364 6,363 22,709
Charge for year 208 276 2,045 2,529
On disposals - - - -
Other adjustments - - - -
At 31 March 2024 13,190 3,640 8,408 25,238
Net book value
At 31 March 2024 676 827 6,135 7,638
At 31 March 2023 884 1,103 8,180 10,167

AVON ELECTRICS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Debtors


2024
£

2023
£
Trade debtors 1,211 15,560
Prepayments and accrued income 113 644
Total 1,324 16,204

AVON ELECTRICS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 5,082 4,908
Trade creditors 1,990
Taxation and social security 1,482 11,469
Accruals and deferred income 507 1,769
Total 7,071 20,136

AVON ELECTRICS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 5,833 10,925
Total 5,833 10,925