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Company Registration No. 07755327 (England and Wales)
Avalon Automotive Ltd Unaudited accounts for the year ended 31 August 2024
Avalon Automotive Ltd Unaudited accounts Contents
Page
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Avalon Automotive Ltd Company Information for the year ended 31 August 2024
Director
Stuart Lankford
Company Number
07755327 (England and Wales)
Registered Office
Unit 11 Emerald Way Stone Business Park Stone ST15 0SR
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Avalon Automotive Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,525 
6,081 
Current assets
Debtors
30,759 
26,974 
Cash at bank and in hand
14,972 
10,267 
45,731 
37,241 
Creditors: amounts falling due within one year
(43,044)
(23,871)
Net current assets
2,687 
13,370 
Total assets less current liabilities
22,212 
19,451 
Creditors: amounts falling due after more than one year
(3,000)
(7,000)
Net assets
19,212 
12,451 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
19,210 
12,449 
Shareholders' funds
19,212 
12,451 
For the year ending 31 August 2024 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 12 May 2024 and were signed on its behalf by
Stuart Lankford Director Company Registration No. 07755327
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Avalon Automotive Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Avalon Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 07755327. The registered office is Unit 11 Emerald Way, Stone Business Park, Stone, ST15 0SR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
20% straight line
Motor vehicles
25% reducing balance
Computer equipment
20% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
27,553 
25,086 
2,738 
55,377 
Additions
- 
15,048 
- 
15,048 
At 31 August 2024
27,553 
40,134 
2,738 
70,425 
Depreciation
At 1 September 2023
27,553 
19,337 
2,406 
49,296 
Charge for the year
- 
1,437 
167 
1,604 
At 31 August 2024
27,553 
20,774 
2,573 
50,900 
Net book value
At 31 August 2024
- 
19,360 
165 
19,525 
At 31 August 2023
- 
5,749 
332 
6,081 
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Avalon Automotive Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,711 
926 
Accrued income and prepayments
283 
283 
Other debtors
25,765 
25,765 
30,759 
26,974 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
VAT
(2,071)
417 
Trade creditors
23,833 
4,272 
Taxes and social security
15,980 
13,728 
Loans from directors
102 
254 
Accruals
1,200 
1,200 
43,044 
23,871 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,000 
7,000 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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