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Registration number: 04495916

Avon Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 September 2024

 

Avon Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 10

 

Avon Services Limited

Company Information

Director

Ms Nichola Watt

Registered office

Unit 3 Bedminster Trade Park
Sheene Way
Bedminster
Bristol
BS3 4TA

Accountants

Delphi Accounting Ltd
Chartered Tax AdvisorUnit M6
Frome Business Park
Manor Road
Frome
Somerset
BA11 4FN

 

Avon Services Limited

(Registration number: 04495916)
Balance Sheet as at 29 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

54,742

60,574

Current assets

 

Stocks

6

346,344

346,519

Debtors

7

441,675

468,693

Cash at bank and in hand

 

535,005

612,124

 

1,323,024

1,427,336

Creditors: Amounts falling due within one year

8

(667,855)

(621,418)

Net current assets

 

655,169

805,918

Total assets less current liabilities

 

709,911

866,492

Provisions for liabilities

(38,717)

(42,342)

Net assets

 

671,194

824,150

Capital and reserves

 

Called up share capital

9

100

100

Capital redemption reserve

(33)

-

Retained earnings

671,127

824,050

Shareholders' funds

 

671,194

824,150

For the financial year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 June 2025
 

.........................................
Ms Nichola Watt
Director

 

Avon Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 3 Bedminster Trade Park
Sheene Way
Bedminster
Bristol
BS3 4TA

These financial statements were authorised for issue by the director on 6 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Avon Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Avon Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 16 (2023 - 14).

 

Avon Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 30 September 2023

100,000

100,000

At 29 September 2024

100,000

100,000

Amortisation

At 30 September 2023

100,000

100,000

At 29 September 2024

100,000

100,000

Carrying amount

At 29 September 2024

-

-

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 30 September 2023

2,101

230,227

100,394

332,722

Additions

-

7,517

17,380

24,897

Disposals

-

-

(47,290)

(47,290)

At 29 September 2024

2,101

237,744

70,484

310,329

Depreciation

At 30 September 2023

2,042

204,492

65,614

272,148

Charge for the year

11

6,650

9,364

16,025

Eliminated on disposal

-

-

(32,586)

(32,586)

At 29 September 2024

2,053

211,142

42,392

255,587

Carrying amount

At 29 September 2024

48

26,602

28,092

54,742

At 29 September 2023

59

25,735

34,780

60,574

Included within the net book value of land and buildings above is £48 (2023 - £59) in respect of freehold land and buildings.
 

 

Avon Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

6

Stocks

2024
£

2023
£

Other inventories

346,344

346,519

7

Debtors

Current

2024
£

2023
£

Trade debtors

376,462

378,652

Prepayments

30,693

29,104

Other debtors

34,520

60,937

 

441,675

468,693

 

Avon Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

29,466

-

Trade creditors

 

471,239

448,655

Taxation and social security

 

95,554

70,789

Accruals and deferred income

 

31,946

32,454

Other creditors

 

39,650

69,520

 

667,855

621,418

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A Shares of £1 each

67

67

67

67

Ordinary B Shares of £1 each

-

-

33

33

67

67

100

100

10

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

29,466

-

11

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Later than one year and not later than five years

55,767

103,567

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2023 - £Nil).

 

Avon Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

12

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £1,492.48 (2023 - £1,104.78) per each Ordinary A Shares

99,996

74,020

Interim dividend of £Nil (2023 - £766.45) per each Ordinary B Shares

-

25,293

99,996

99,313

13

Related party transactions

 

Avon Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,570

49,139