Company Registration No. 12464600 (England and Wales)
Avalon Engineering Limited
Unaudited accounts
for the year ended 31 January 2025
Avalon Engineering Limited
Statement of financial position
as at 31 January 2025
Tangible assets
133,764
72,908
Cash at bank and in hand
10,250
13,479
Creditors: amounts falling due within one year
(100,474)
(80,024)
Net current liabilities
(20,123)
(39,734)
Total assets less current liabilities
113,641
33,174
Creditors: amounts falling due after more than one year
(112,766)
(58,338)
Provisions for liabilities
Net assets/(liabilities)
324
(25,164)
Called up share capital
1
1
Profit and loss account
323
(25,165)
Shareholders' funds
324
(25,164)
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 April 2025 and were signed on its behalf by
Gavin John Perkins
Director
Company Registration No. 12464600
Avalon Engineering Limited
Notes to the Accounts
for the year ended 31 January 2025
Avalon Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 12464600. The registered office is 28 High Street, Bidford-On-Avon, Warwickshire, WARWICKSHIRE, B50 4AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 5 Years
Computer equipment
Straight Line 3 Years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Avalon Engineering Limited
Notes to the Accounts
for the year ended 31 January 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
96,493
550
97,043
Disposals
(13,250)
-
(13,250)
At 31 January 2025
167,493
550
168,043
At 1 February 2024
24,028
107
24,135
Charge for the year
21,444
183
21,627
On disposals
(11,483)
-
(11,483)
At 31 January 2025
33,989
290
34,279
At 31 January 2025
133,504
260
133,764
At 31 January 2024
72,465
443
72,908
Amounts falling due within one year
Trade debtors
59,408
5,684
Deferred tax asset
-
6,134
Accrued income and prepayments
10,693
13,373
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
35,928
4,685
Obligations under finance leases and hire purchase contracts
13,577
13,577
Trade creditors
1,273
3,403
Taxes and social security
182
3
Other creditors
3,870
10,773
Loans from directors
35,783
46,686
Avalon Engineering Limited
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
107,200
52,046
8
Deferred taxation
2025
2024
Accelerated capital allowances
551
(6,134)
Provision at start of year
(6,134)
(3,958)
Charged/(credited) to the profit and loss account
6,685
(2,176)
Provision at end of year
551
(6,134)
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).