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REGISTERED NUMBER: 10640829 (England and Wales)















Financial Statements

for the Year Ended 31 December 2024

for

Anvil Alloys Limited

Anvil Alloys Limited (Registered number: 10640829)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Anvil Alloys Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: L Sandford
A S Homer
M J Butt
M T W Kirkby
Ms M Wood





REGISTERED OFFICE: Valen House
Westgate
Aldridge
West Midlands
WS9 8DG





REGISTERED NUMBER: 10640829 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Anvil Alloys Limited (Registered number: 10640829)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 189,619 159,369

CURRENT ASSETS
Stocks 713,073 376,949
Debtors 5 482,568 127,103
Cash at bank and in hand 488,591 514,683
1,684,232 1,018,735
CREDITORS
Amounts falling due within one year 6 (777,204 ) (644,663 )
NET CURRENT ASSETS 907,028 374,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,096,647

533,441

PROVISIONS FOR LIABILITIES 9 (43,600 ) (35,300 )
NET ASSETS 1,053,047 498,141

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,052,947 498,041
SHAREHOLDERS' FUNDS 1,053,047 498,141

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





A S Homer - Director


Anvil Alloys Limited (Registered number: 10640829)

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

1. STATUTORY INFORMATION

Anvil Alloys 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - 15% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated on an average basis.

Work in progress is valued on the completed proportion of the sales price less the material cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Anvil Alloys Limited (Registered number: 10640829)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024 363,409
Additions 63,720
At 31 December 2024 427,129
DEPRECIATION
At 1 January 2024 204,040
Charge for year 33,470
At 31 December 2024 237,510
NET BOOK VALUE
At 31 December 2024 189,619
At 31 December 2023 159,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 172,182 30,337
Amounts owed by group undertakings 98,136 -
Other debtors 212,250 96,766
482,568 127,103

Anvil Alloys Limited (Registered number: 10640829)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 294,661 57,833
Trade creditors 152,558 81,064
Amounts owed to group undertakings - 265,165
Taxation and social security 252,172 162,929
Other creditors 77,813 77,672
777,204 644,663

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 73,897 75,332
Between one and five years 17,225 91,122
91,122 166,454

8. SECURED DEBTS

A fixed and floating charge is held by Mr L and Mrs V A Sandford dated 24 October 2024.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 43,600 35,300

Deferred
tax
£   
Balance at 1 January 2024 35,300
Provided during year 8,300
Balance at 31 December 2024 43,600

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary "A" £1 90 90
10 Ordinary "B" £1 10 10
100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

Anvil Alloys Limited (Registered number: 10640829)

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

12. PENSION COMMITMENTS

As at 31 December 2024 there were outstanding pension commitments of £nil (2023: £3,651).

13. ULTIMATE CONTROLLING PARTY

The company's parent undertaking is Valen Fittings Limited, a company registered in England and Wales. Valen Fittings Limited's registered office is Valen House, Westgate, Aldridge, West Midlands, WS9 8DG.

The company's ultimate parent undertaking is Audie Homer Holdings Limited, a company registered in England and Wales. Audie Homer Holdings Limited's registered office is Valen House, Westgate, Aldridge, West Midlands, WS9 8DG.