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REGISTERED NUMBER: 02578003 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2024

for

Avolites Limited

Avolites Limited (Registered number: 02578003)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Avolites Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr M J Hannaford





SECRETARY: Mr M J Hannaford





REGISTERED OFFICE: 184 Park Avenue
London
NW10 7XL





REGISTERED NUMBER: 02578003 (England and Wales)





AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Avolites Limited (Registered number: 02578003)

Balance Sheet
31 December 2024

2024 2023
as restated
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,538,494 1,432,760
Investments 5 - -
1,538,494 1,432,760

CURRENT ASSETS
Stocks 4,118,922 3,855,097
Debtors 6 1,314,644 822,503
Cash at bank and in hand 406,809 722,107
5,840,375 5,399,707
CREDITORS
Amounts falling due within one year 7 2,862,980 4,742,785
NET CURRENT ASSETS 2,977,395 656,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,515,889

2,089,682

CAPITAL AND RESERVES
Called up share capital 8 39,027 39,027
Share premium 42,500 42,500
Capital redemption reserve 6,000 6,000
Other reserves 2,646,487 -
Retained earnings 1,781,875 2,002,155
SHAREHOLDERS' FUNDS 4,515,889 2,089,682

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 director and authorised for issue on 25 July 2025 and were signed by:





Mr M J Hannaford - Director


Avolites Limited (Registered number: 02578003)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Avolites Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

The company's year end was shortened to 31 December 2023 from 30 April 2023 to bring the company in line with the reporting date of the group. Therefore the comparative figures are not directly comparable.

Preparation of consolidated financial statements
The financial statements contain information about Avolites Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Robe Lighting s.r.o, Hazovice 2090 75661 Roznov pod Radhostem Czech Republic.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 50% on cost

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Avolites Limited (Registered number: 02578003)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 45 ) .

Avolites Limited (Registered number: 02578003)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 January 2024 2,121,945 253,504 263,506
Additions 19,027 91,671 79,712
Disposals - - (12,973 )
At 31 December 2024 2,140,972 345,175 330,245
DEPRECIATION
At 1 January 2024 737,472 229,583 249,497
Charge for year 42,471 23,939 21,864
Eliminated on disposal - - (541 )
At 31 December 2024 779,943 253,522 270,820
NET BOOK VALUE
At 31 December 2024 1,361,029 91,653 59,425
At 31 December 2023 1,384,473 23,921 14,009

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 January 2024 2,808 609,022 3,250,785
Additions - 32,889 223,299
Disposals - - (12,973 )
At 31 December 2024 2,808 641,911 3,461,111
DEPRECIATION
At 1 January 2024 2,808 598,665 1,818,025
Charge for year - 16,859 105,133
Eliminated on disposal - - (541 )
At 31 December 2024 2,808 615,524 1,922,617
NET BOOK VALUE
At 31 December 2024 - 26,387 1,538,494
At 31 December 2023 - 10,357 1,432,760

The company owns two properties.
176A Park Avenue, London, NW10 7XL was revalued on 02/11/2021 by 3H Property Consultants.
184 Park Avenue, London, NW10 7XL was revalued on 28/05/2021 by Vail Williams.

The company reverted to the cost model in the current year after deciding it was more cost-effective for the business to use the cost model than having to revalue the properties every year.

Avolites Limited (Registered number: 02578003)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Avolites Media Limited
Registered office: 184 Park Avenue, London, NW10 7XL
Nature of business: Manufacture of electric lighting equipment
%
Class of shares: holding
Ordinary 100.00
2024 2023
£ £
Aggregate capital and reserves 1 1

A.I Systems Limited
Registered office: 184 Park Avenue, London, NW10 7XL
Nature of business: Artistic creation
%
Class of shares: holding
Ordinary 100.00
2024 2023
£ £
Aggregate capital and reserves 1,000 1,000

Avolites Limited holds 100% of the share capital of A.I Systems Limited indirectly through its 100% ownership of Avolites Media Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£ £
Trade debtors 257,255 477,099
Amounts owed by group undertakings 35,833 -
Other debtors 1,021,556 345,404
1,314,644 822,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£ £
Trade creditors 821,472 1,302,398
Amounts owed to group undertakings 784,139 2,578,623
Taxation and social security 74,064 56,756
Other creditors 1,183,305 805,008
2,862,980 4,742,785

Avolites Limited (Registered number: 02578003)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£ £
39,027 Ordinary 1 39,027 39,027

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Greenhalgh BFP FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in the Financial Reporting Standard 102 'Related Party Disclosures' for a wholly owned subsidiary company not to disclose transactions with other members of the wholly owned group headed by Robe Lighting s.r.o.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Robe Lighting s.r.o.

Registered address:

Hazovice 2090
75661
Roznov pod Radhostem
Czech Republic

These accounts have been consolidated within the above company's group accounts.