Registered number
01216327
Avery Electrical (Guildford) Limited
Filleted Accounts
30 September 2024
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
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