3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 95,000 95,000 xbrli:pure xbrli:shares iso4217:GBP SC237102 2023-10-01 2024-09-30 SC237102 2024-09-30 SC237102 2023-09-30 SC237102 2022-10-01 2023-09-30 SC237102 2023-09-30 SC237102 2022-09-30 SC237102 core:PlantMachinery 2023-10-01 2024-09-30 SC237102 core:FurnitureFittings 2023-10-01 2024-09-30 SC237102 core:MotorVehicles 2023-10-01 2024-09-30 SC237102 bus:Director1 2023-10-01 2024-09-30 SC237102 bus:Director2 2023-10-01 2024-09-30 SC237102 core:NetGoodwill 2024-09-30 SC237102 core:PlantMachinery 2023-09-30 SC237102 core:FurnitureFittings 2023-09-30 SC237102 core:MotorVehicles 2023-09-30 SC237102 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 SC237102 core:PlantMachinery 2024-09-30 SC237102 core:FurnitureFittings 2024-09-30 SC237102 core:MotorVehicles 2024-09-30 SC237102 core:WithinOneYear 2024-09-30 SC237102 core:WithinOneYear 2023-09-30 SC237102 core:ShareCapital 2024-09-30 SC237102 core:ShareCapital 2023-09-30 SC237102 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC237102 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC237102 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 SC237102 core:PlantMachinery 2023-09-30 SC237102 core:FurnitureFittings 2023-09-30 SC237102 core:MotorVehicles 2023-09-30 SC237102 bus:SmallEntities 2023-10-01 2024-09-30 SC237102 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC237102 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC237102 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC237102 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: SC237102
Avon Turf Limited
Filleted Unaudited Financial Statements
For the year ended
30 September 2024
Avon Turf Limited
Financial Statements
Year ended 30 September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Avon Turf Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
24,730
29,078
Current assets
Debtors
7
60,249
60,061
Cash at bank and in hand
118,155
94,601
---------
---------
178,404
154,662
Creditors: amounts falling due within one year
8
187,208
186,978
---------
---------
Net current liabilities
8,804
32,316
--------
--------
Total assets less current liabilities
15,926
( 3,238)
Provisions
4,699
5,525
--------
-------
Net assets/(liabilities)
11,227
( 8,763)
--------
-------
Avon Turf Limited
Statement of Financial Position (continued)
30 September 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
11,127
( 8,863)
--------
-------
Shareholders funds/(deficit)
11,227
( 8,763)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 May 2025 , and are signed on behalf of the board by:
Mr A S Moody
Mr S A Moody
Director
Director
Company registration number: SC237102
Avon Turf Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Dykehead Farm, Stonehouse, ML9 3PD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is reliant on funding from the directors to provide working capital. The directors have indicated that this funding will continue and therefore the accounts are prepared on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
15% reducing balance
Fixtures & Fittings
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
95,000
--------
Amortisation
At 1 October 2023 and 30 September 2024
95,000
--------
Carrying amount
At 30 September 2024
--------
At 30 September 2023
--------
Goodwill arose on the acquisition of the trade of Messrs S & A Moody T/A Avon Turf by Avon Turf Limited on 25 August 2003.
6. Tangible assets
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023 and 30 September 2024
100
230,546
387
2,627
233,660
----
---------
----
-------
---------
Depreciation
At 1 October 2023
201,711
254
2,617
204,582
Charge for the year
4,326
20
2
4,348
----
---------
----
-------
---------
At 30 September 2024
206,037
274
2,619
208,930
----
---------
----
-------
---------
Carrying amount
At 30 September 2024
100
24,509
113
8
24,730
----
---------
----
-------
---------
At 30 September 2023
100
28,835
133
10
29,078
----
---------
----
-------
---------
7. Debtors
2024
2023
£
£
Other debtors
60,249
60,061
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
5,512
5,497
Other creditors
181,696
181,481
---------
---------
187,208
186,978
---------
---------
9. Directors' advances, credits and guarantees
The directors' loan account was not in debit at any time during the year. No interest has been charged on this loan and there are no set repayment terms.