Registrar

Registration number: 12462076

Avant (South East) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Avant (South East) Limited

Company Information

Directors

C C Easter

Registered office

Units 2 & 4 Griffin Farm Great Canfield Great Dunmow Essex CM6 1JZ

Solicitors

Nockolds Solicitors 6 Market Square Bishops Stortford Hertfordshire CM23 1JH

Bankers

Barclays Bank Chelmsford 40-41 High Street Chelmsford Essex CM1 1BE

Accountants

Lambert Chapman LLP Chartered accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Avant (South East) Limited

(Registration number: 12462076)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	53,750	61,250
Tangible assets	5	459,578	405,867
		513,328	467,117
Current assets
Stocks	6	513,934	251,475
Debtors	7	164,948	240,125
Cash at bank and in hand		163	48,501
		679,045	540,101
Creditors: Amounts falling due within one year	8	(433,983)	(263,423)
Net current assets		245,062	276,678
Total assets less current liabilities		758,390	743,795
Creditors: Amounts falling due after more than one year	8	(260,088)	(341,157)
Provisions for liabilities		(114,895)	(67,278)
Net assets		383,407	335,360
Capital and reserves
Called up share capital		100	100
Revaluation reserve		166,460	154,296
Retained earnings		216,847	180,964
Shareholders' funds		383,407	335,360

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 September 2025
 

C C Easter
Director

Avant (South East) Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Units 2 & 4 Griffin Farm, Great Canfield, Great Dunmow, Essex, CM6 1JZ.

The principal place of business is: Units 2 & 4 Griffin Farm, Great Canfield, Great Dunmow, Essex, CM6 1JZ.

These financial statements were authorised for issue by the director on 10 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of machinery and goods and provision of repair and hire services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Avant (South East) Limited

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

Asset class	Depreciation method and rate
Plant & Machinery	15% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Office Equipment	33% Straight Line
Motor Vehicles	25% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight Line

Trade debtors

Trade debtors are amounts due from customers for the sale of machinery and parts sold or hire and repair services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Avant (South East) Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 6).

Avant (South East) Limited

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

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	75,000	75,000
At 31 December 2024	75,000	75,000
Amortisation
At 1 January 2024	13,750	13,750
Amortisation charge	7,500	7,500
At 31 December 2024	21,250	21,250
Carrying amount
At 31 December 2024	53,750	53,750
At 31 December 2023	61,250	61,250

5	Tangible assets

	Office equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	9,313	146,402	375,102	530,817
Additions	2,322	37,500	135,602	175,424
Disposals	-	(15,719)	(40,760)	(56,479)
At 31 December 2024	11,635	168,183	469,944	649,762
Depreciation
At 1 January 2024	2,661	43,563	78,726	124,950
Charge for the year	2,447	28,845	50,773	82,065
Eliminated on disposal	-	(6,386)	(10,445)	(16,831)
At 31 December 2024	5,108	66,022	119,054	190,184
Carrying amount
At 31 December 2024	6,527	102,161	350,890	459,578
At 31 December 2023	6,652	102,839	296,376	405,867

Revaluation

The fair value of the company's plant and machinery was revalued on 1 March 2022. An independent valuer was not involved. Had this class of asset been measured on a historical cost basis, the tax written down carrying amount would have been £4,843 (2023 - £5,437).

Avant (South East) Limited

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

6

Stocks

	2024 £	2023 £
Stocks	513,934	251,475

7

Debtors

	2024 £	2023 £
Trade debtors	55,081	48,709
Prepayments	3,935	3,765
Other debtors	105,932	187,651
	164,948	240,125

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	85,325	28,090
Trade creditors		304,030	117,418
Social security and other taxes		28,010	21,657
Outstanding defined contribution pension costs		392	660
Other payables		2,554	66,116
Accruals		3,103	2,876
Corporation tax		10,569	26,606
		433,983	263,423

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	260,088	341,157

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £179,171 (2023 - £120,120).

Avant (South East) Limited

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

9	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Bank overdrafts	40,893	-
Hire purchase contracts	44,432	28,090
	85,325	28,090