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REGISTERED NUMBER: 12431448 (England and Wales)










AVID PERSONNEL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






AVID PERSONNEL LTD (REGISTERED NUMBER: 12431448)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVID PERSONNEL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: P S Lowrey
D R Watson
Mrs K C R L Lowrey
S W Jones
Mrs H E Watson





REGISTERED OFFICE: Unit 10 Park Plaza
Battlefield Enterprise Park
Shrewsbury
SY1 3AF





REGISTERED NUMBER: 12431448 (England and Wales)





ACCOUNTANTS: Harvey Telford & Bates Chartered Accountants
10 Park Plaza
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AF

AVID PERSONNEL LTD (REGISTERED NUMBER: 12431448)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 30,703 26,726

CURRENT ASSETS
Debtors 4 579,287 587,618
Cash at bank 9,259 4,671
588,546 592,289
CREDITORS
Amounts falling due within one year 5 561,791 571,266
NET CURRENT ASSETS 26,755 21,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,458

47,749

PROVISIONS FOR LIABILITIES 1,757 2,649
NET ASSETS 55,701 45,100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,601 45,000
55,701 45,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AVID PERSONNEL LTD (REGISTERED NUMBER: 12431448)

BALANCE SHEET - continued
31 OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:




P S Lowrey - Director D R Watson - Director




S W Jones - Director Mrs H E Watson - Director




Mrs K C R L Lowrey - Director


AVID PERSONNEL LTD (REGISTERED NUMBER: 12431448)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

AVID PERSONNEL LTD (REGISTERED NUMBER: 12431448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 38,994
Additions 10,682
At 31 October 2024 49,676
DEPRECIATION
At 1 November 2023 12,268
Charge for year 6,705
At 31 October 2024 18,973
NET BOOK VALUE
At 31 October 2024 30,703
At 31 October 2023 26,726

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 478,537 455,790
Other debtors 100,750 131,828
579,287 587,618

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,100 6,315
Taxation and social security 270,421 244,136
Other creditors 284,270 320,815
561,791 571,266