IRIS Accounts Production v25.2.0.378 13396343 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13396343 2023-12-31 13396343 2024-12-31 13396343 2024-01-01 2024-12-31 13396343 2022-12-31 13396343 2023-01-01 2023-12-31 13396343 2023-12-31 13396343 ns15:EnglandWales 2024-01-01 2024-12-31 13396343 ns14:PoundSterling 2024-01-01 2024-12-31 13396343 ns10:Director1 2024-01-01 2024-12-31 13396343 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13396343 ns10:SmallEntities 2024-01-01 2024-12-31 13396343 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13396343 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 13396343 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13396343 ns10:FullAccounts 2024-01-01 2024-12-31 13396343 1 2024-01-01 2024-12-31 13396343 ns10:Director2 2024-01-01 2024-12-31 13396343 ns10:Director3 2024-01-01 2024-12-31 13396343 ns10:CompanySecretary1 2024-01-01 2024-12-31 13396343 ns10:RegisteredOffice 2024-01-01 2024-12-31 13396343 ns5:CurrentFinancialInstruments 2024-12-31 13396343 ns5:CurrentFinancialInstruments 2023-12-31 13396343 ns5:Non-currentFinancialInstruments 2024-12-31 13396343 ns5:Non-currentFinancialInstruments 2023-12-31 13396343 ns5:ShareCapital 2024-12-31 13396343 ns5:ShareCapital 2023-12-31 13396343 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 13396343 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 13396343 ns5:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 13396343 ns5:ComputerSoftware 2024-01-01 2024-12-31 13396343 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-01-01 2024-12-31 13396343 ns5:PlantMachinery 2024-01-01 2024-12-31 13396343 ns5:ComputerEquipment 2024-01-01 2024-12-31 13396343 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 13396343 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 13396343 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 13396343 ns5:LandBuildings 2023-12-31 13396343 ns5:PlantMachinery 2023-12-31 13396343 ns5:LandBuildings 2024-01-01 2024-12-31 13396343 ns5:LandBuildings 2024-12-31 13396343 ns5:PlantMachinery 2024-12-31 13396343 ns5:LandBuildings 2023-12-31 13396343 ns5:PlantMachinery 2023-12-31 13396343 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 13396343 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 13396343 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2024-12-31 13396343 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2023-12-31 13396343 ns5:MoreThanFiveYears 2024-12-31 13396343 ns5:MoreThanFiveYears 2023-12-31

REGISTERED NUMBER: 13396343 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| AVA Special Steels Limited |

| AVA Special Steels Limited (Registered number: 13396343) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| AVA Special Steels Limited |

Company Information

for the Year Ended 31 December 2024

| Directors: | J M Avent

| J W Avent

| Mrs J Krajcovicova

| Secretary: | Mrs K M Avent

| Registered office: | 10 The Southend

| Ledbury

| Herefordshire

| HR8 2EY

| Registered number: | 13396343 (England and Wales)

| Accountants: | Crowthers Chartered Accountants

| 10 The Southend

| Ledbury

| Herefordshire

| HR8 2EY

| AVA Special Steels Limited (Registered number: 13396343) |

Statement of Financial Position

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,000 |  | 2,334 |  |

Property, plant and equipment | 5 | 26,183 |  | 25,471 |  |

27,183 |  | 27,805 |  |

CURRENT ASSETS

Inventories | 372,796 |  | 315,194 |  |

Debtors | 6 | 349,174 |  | 293,914 |  |

Cash at bank | 7,849 |  | 23,195 |  |

729,819 |  | 632,303 |  |

CREDITORS

Amounts falling due within one year | 7 | 834,229 |  | 566,789 |  |

NET CURRENT (LIABILITIES)/ASSETS | (104,410 | ) | 65,514 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (77,227 | ) | 93,319 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 46,678 |  | 151,673 |  |

NET LIABILITIES | (123,905 | ) | (58,354 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (124,005 | ) | (58,454 | ) |

(123,905 | ) | (58,354 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

| AVA Special Steels Limited (Registered number: 13396343) |

Statement of Financial Position - continued

31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

J M Avent - Director

| AVA Special Steels Limited (Registered number: 13396343) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| AVA Special Steels 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Turnover

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

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of nil years.

| Tangible fixed assets

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

| Short leasehold | - | 10% on cost

| Plant and machinery | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| AVA Special Steels Limited (Registered number: 13396343) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| Cost

| At 1 January 2024

| and 31 December 2024 | 4,000 |  |

| Amortisation

| At 1 January 2024 | 1,666 |  |

| Charge for year | 1,334 |  |

| At 31 December 2024 | 3,000 |  |

| Net book value

| At 31 December 2024 | 1,000 |  |

| At 31 December 2023 | 2,334 |  |

5. | PROPERTY, PLANT AND EQUIPMENT

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Cost

| At 1 January 2024 | 5,710 |  | 37,162 |  | 42,872 |  |

| Additions | - |  | 8,998 |  | 8,998 |  |

| At 31 December 2024 | 5,710 |  | 46,160 |  | 51,870 |  |

| Depreciation

| At 1 January 2024 | 1,142 |  | 16,259 |  | 17,401 |  |

| Charge for year | 572 |  | 7,714 |  | 8,286 |  |

| At 31 December 2024 | 1,714 |  | 23,973 |  | 25,687 |  |

| Net book value

| At 31 December 2024 | 3,996 |  | 22,187 |  | 26,183 |  |

| At 31 December 2023 | 4,568 |  | 20,903 |  | 25,471 |  |

| AVA Special Steels Limited (Registered number: 13396343) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 323,874 |  | 252,440 |  |

| Called up share capital not paid | 100 |  | 100 |  |

| Prepayments | 25,200 |  | 41,374 |  |

349,174 |  | 293,914 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 788,748 |  | 539,167 |  |

| Social security and other taxes | 43,481 |  | 25,947 |  |

| Accrued expenses | 2,000 |  | 1,675 |  |

834,229 |  | 566,789 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other loans - 1-2 years | 46,678 |  | 151,673 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| In more than five years | 63,000 |  | 63,000 |  |

10. | GOING CONCERN

| The financial statements have been prepared on a going concern basis as the directors intend to continue to support the company. Support has been provided by a company associated with the directors of this company and this support will continue for the foreseeable future.

| The directors believe that with the support of the associated company, this company is well placed to manage its financing and other business risks satisfactorily, and there is a reasonable expectation that the company will have adequate resources to continue in operation for at least 12 months. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

| The financial statements do not include any adjustments that would result from the withdrawal of the directors support.