| Avery Electrical (Guildford) Limited |
| Registered number: |
01216327 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
17,621 |
|
|
9,115 |
|
| Current assets |
| Stocks |
|
|
3,000 |
|
|
3,000 |
| Debtors |
4 |
|
266,130 |
|
|
759,655 |
| Cash at bank and in hand |
|
|
624 |
|
|
53,051 |
|
|
|
269,754 |
|
|
815,706 |
|
| Creditors: amounts falling due within one year |
5 |
|
(251,318) |
|
|
(662,258) |
|
| Net current assets |
|
|
|
18,436 |
|
|
153,448 |
|
| Total assets less current liabilities |
|
|
|
36,057 |
|
|
162,563 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(34,957) |
|
| Provisions for liabilities |
|
|
|
(4,405) |
|
|
(2,279) |
|
|
| Net assets |
|
|
|
31,652 |
|
|
125,327 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
5,000 |
|
|
5,000 |
| Revaluation reserve |
7 |
|
|
5,000 |
|
|
5,000 |
| Profit and loss account |
|
|
|
21,652 |
|
|
115,327 |
|
| Shareholders' funds |
|
|
|
31,652 |
|
|
125,327 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| H S H Pinnells |
| Director |
| Approved by the board on 15 June 2025 |
|
| Avery Electrical (Guildford) Limited |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime). The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
|
|
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 rendering of services and from the sale of goods. Turnover from the rendering of services is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow. Recognition of turnover is in the period in which the services are rendered by reference to the stage of completion, which is assessed on the actual services provided as a proportion of the total value of services to be provided. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
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: |
|
|
Leasehold land and buildings |
Fully depreciated |
|
Plant and machinery |
20% on cost per annum |
|
Motor vehicles |
20% on reducing balance per annum |
|
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), 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. 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. 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 buildings where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leased assets |
|
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
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 |
6 |
|
6 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost or valuation |
|
At 1 October 2023 |
10,907 |
|
16,167 |
|
37,800 |
|
64,874 |
|
Additions |
- |
|
13,500 |
|
- |
|
13,500 |
|
At 30 September 2024 |
10,907 |
|
29,667 |
|
37,800 |
|
78,374 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
10,907 |
|
14,448 |
|
30,404 |
|
55,759 |
|
Charge for the year |
- |
|
3,514 |
|
1,480 |
|
4,994 |
|
At 30 September 2024 |
10,907 |
|
17,962 |
|
31,884 |
|
60,753 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
- |
|
11,705 |
|
5,916 |
|
17,621 |
|
At 30 September 2023 |
- |
|
1,719 |
|
7,396 |
|
9,115 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
250,077 |
|
682,593 |
|
Other debtors |
16,053 |
|
77,062 |
|
|
|
|
|
|
266,130 |
|
759,655 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
54,747 |
|
37,235 |
|
Trade creditors |
64,580 |
|
309,830 |
|
Taxation and social security costs |
64,243 |
|
212,768 |
|
Other creditors |
67,748 |
|
102,425 |
|
|
|
|
|
|
251,318 |
|
662,258 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
- |
|
34,957 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Capital redemption reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
At 1 October 2023 |
5,000 |
|
5,000 |
|
|
At 30 September 2024 |
5,000 |
|
5,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other financial commitments |
2024 |
|
2023 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
78,303 |
|
70,160 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
H S H Pinnells and L T Pinnells |
|
Interest free loan |
- |
|
17,258 |
|
(17,258) |
|
- |
|
|
|
- |
|
17,258 |
|
(17,258) |
|
- |
|
|
|
|
|
|
|
|
|
|
| 10 |
Other information |
|
|
Avery Electrical (Guildford) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 18 |
|
Enterprise Estate |
|
Moorfield Road |
|
Guildford |
|
Surrey GU1 1RB |