REGISTERED NUMBER: 04115088 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Avent Extrusion Steels Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

J W Avent

J M Avent

Secretary:

Mrs L A Avent

Registered office:

10 The Southend

Ledbury

Herefordshire

HR8 2EY

Registered number:

04115088 (England and Wales)

Accountants:

Crowthers Chartered Accountants

10 The Southend

Ledbury

Herefordshire

HR8 2EY

FIXED ASSETS

Property, plant and equipment

4

850,355

843,969

CURRENT ASSETS

Inventories

967,433

835,433

Debtors

5

1,239,581

1,485,042

Cash at bank

31,263

4,786

2,238,277

2,325,261

CREDITORS

Amounts falling due within one year

6

2,294,536

2,356,688

NET CURRENT LIABILITIES

(56,259

)

(31,427

)

TOTAL ASSETS LESS CURRENT LIABILITIES

794,096

812,542

CREDITORS

Amounts falling due after more than one year

7

87,309

116,125

NET ASSETS

706,787

696,417

CAPITAL AND RESERVES

Called up share capital

300

300

Revaluation reserve

9

175,479

175,479

Retained earnings

531,008

520,638

SHAREHOLDERS' FUNDS

706,787

696,417

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.

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

1.	STATUTORY INFORMATION

Avent Extrusion 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 10% on cost, 10% on reducing balance and 2% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 11 (2023 - 10 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

Cost

At 1 January 2024

1,316,396

Additions

50,008

At 31 December 2024

1,366,404

Depreciation

At 1 January 2024

472,427

Charge for year

43,622

At 31 December 2024

516,049

Net book value

At 31 December 2024

850,355

At 31 December 2023

843,969

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

Cost

At 1 January 2024

204,005

Additions

36,275

At 31 December 2024

240,280

Depreciation

At 1 January 2024

33,633

Charge for year

22,183

At 31 December 2024

55,816

Net book value

At 31 December 2024

184,464

At 31 December 2023

170,372

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

1,205,277

1,366,294

Section 455 tax

4,193

-

Other debtors

-

24,405

Directors' current accounts

12,423

-

Prepayments

17,688

17,387

1,239,581

1,408,086

Amounts falling due after more than one year:

Inter-company loan

-

76,956

Aggregate amounts

1,239,581

1,485,042

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

602,759

824,256

Hire purchase contracts (see note 8)

52,427

49,397

Trade creditors

1,427,608

1,347,197

Tax

4,193

-

Social security and other taxes

177,510

132,863

Other creditors

30,039

2,000

Directors' current accounts

-

975

2,294,536

2,356,688

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

7,740

18,333

Hire purchase contracts (see note 8)

79,569

97,792

87,309

116,125

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

52,427

49,397

Between one and five years

79,569

97,792

131,996

147,189

Non-cancellable

operating leases

2024

2023

£

£

In more than five years

281,666

-

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

175,479