Company Registration No. 07008237 (England and Wales)
AVILA AUTOMOTIVE LIMITED
Unaudited accounts
for the year ended 30 September 2024
AVILA AUTOMOTIVE LIMITED
Unaudited accounts
Contents
AVILA AUTOMOTIVE LIMITED
Company Information
for the year ended 30 September 2024
Company Number
07008237 (England and Wales)
Registered Office
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
Accountants
Stoney Philbin & Company Limited
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
AVILA AUTOMOTIVE LIMITED
for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
AVILA AUTOMOTIVE LIMITED for the year ended
30 September 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited
Chartered Certified Accountants
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
17 June 2025
AVILA AUTOMOTIVE LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
345,522
359,914
Cash at bank and in hand
4,239
807
Creditors: amounts falling due within one year
(2,519,410)
(2,577,609)
Net current liabilities
(2,510,171)
(2,570,802)
Total assets less current liabilities
(2,164,649)
(2,210,888)
Creditors: amounts falling due after more than one year
(100,000)
-
Net liabilities
(2,264,649)
(2,210,888)
Called up share capital
400,000
400,000
Profit and loss account
(2,664,649)
(2,610,888)
Shareholders' funds
(2,264,649)
(2,210,888)
For the year ending 30 September 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 17 June 2025 and were signed on its behalf by
Mr P J Daniels
Director
Company Registration No. 07008237
AVILA AUTOMOTIVE LIMITED
Notes to the Accounts
for the year ended 30 September 2024
AVILA AUTOMOTIVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07008237. The registered office is 7 High Street, Chapel-en-le-Frith, High Peak, SK23 0HD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance
Motor vehicles
10% and 20% reducing balance
Fixtures & fittings
20% reducing balance
The director has confirmed that they will continue to give financial support to the company until such time as its position improves. In addition the directors have confirmed that they do not intend to recall their loans within 12 months. The director considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
408,333
66,230
522,255
10,273
1,007,091
At 30 September 2024
408,333
66,230
522,255
10,273
1,007,091
At 1 October 2023
106,163
62,294
469,012
9,708
647,177
Charge for the year
8,166
788
5,325
113
14,392
At 30 September 2024
114,329
63,082
474,337
9,821
661,569
At 30 September 2024
294,004
3,148
47,918
452
345,522
At 30 September 2023
302,170
3,936
53,243
565
359,914
AVILA AUTOMOTIVE LIMITED
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
5,000
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
10,972
1,067
Taxes and social security
(619)
617
Loans from directors
2,508,257
2,575,125
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
100,000
-
Allotted, called up and fully paid:
400,000 Ordinary shares of £1 each
400,000
400,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
(2,541,897)
-
-
(2,541,897)
(2,541,897)
-
-
(2,541,897)
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).