Registered number
08160446
Avenley Engineering Limited
Filleted Accounts
31 July 2024
Avenley Engineering Limited
Registered number: 08160446
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 58,465 68,657
58,465 68,657
Current assets
Debtors 4 41,464 23,139
Cash at bank and in hand 33,149 64,799
74,613 87,938
Creditors: amounts falling due within one year 5 (44,063) (40,224)
Net current assets 30,550 47,714
Total assets less current liabilities 89,015 116,371
Net assets 89,015 116,371
Capital and reserves
Called up share capital 1 1
Profit and loss account 89,014 116,370
Shareholders' funds 89,015 116,371
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Hutchison
Director
Approved by the board on 18 February 2025
Avenley Engineering Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 - 128,172 55,665 183,837
Additions - 4,425 - 4,425
At 31 July 2024 - 132,597 55,665 188,262
Depreciation
At 1 August 2023 - 77,234 37,946 115,180
Charge for the year - 11,073 3,544 14,617
At 31 July 2024 - 88,307 41,490 129,797
Net book value
At 31 July 2024 - 44,290 14,175 58,465
At 31 July 2023 - 50,938 17,719 68,657
4 Debtors 2024 2023
£ £
Trade debtors 41,464 22,987
Other debtors - 152
41,464 23,139
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 14,149 19,009
Trade creditors 525 525
Taxation and social security costs 3,392 -
Other creditors 25,997 20,690
44,063 40,224
6 Other information
Avenley Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
Trastamara
Yew Tree Green Road
Horsmonden, Tonbridge
Kent
TN12 8HR
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