REGISTERED NUMBER: 13919479 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Avid Engineering Services (NW) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

T Darwin

W Hughes

Registered office:

4 Erica Park

Liverpool

L27 7AU

Registered number:

13919479 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Intangible assets

4

19,803

21,402

Tangible assets

5

39,571

52,187

59,374

73,589

Current assets

Debtors

6

63,739

74,134

Cash at bank

47,481

34,334

111,220

108,468

Creditors

Amounts falling due within one year

7

60,613

84,835

Net current assets

50,607

23,633

Total assets less current liabilities

109,981

97,222

Creditors

Amounts falling due after more than one year

8

(14,267

)

(2,171

)

Provisions for liabilities

10

(7,518

)

-

Net assets

88,196

95,051

Capital and reserves

Called up share capital

100

100

Retained earnings

88,096

94,951

88,196

95,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 25 September 2025 and were signed on its behalf by:

T Darwin - Director

1.	Statutory information

Avid Engineering Services (NW) Ltd 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.

Turnover

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

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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 and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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 10 (2024 - 7 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

24,600

Amortisation

At 1 April 2024

3,198

Amortisation for year

1,599

At 31 March 2025

4,797

Net book value

At 31 March 2025

19,803

At 31 March 2024

21,402

5.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

17,123

50,195

485

67,803

Additions

-

-

1,515

1,515

At 31 March 2025

17,123

50,195

2,000

69,318

Depreciation

At 1 April 2024

5,133

10,228

255

15,616

Charge for year

3,425

10,039

667

14,131

At 31 March 2025

8,558

20,267

922

29,747

Net book value

At 31 March 2025

8,565

29,928

1,078

39,571

At 31 March 2024

11,990

39,967

230

52,187

6.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

63,739

74,134

7.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Bank loans and overdrafts

4,280

-

Hire purchase contracts

2,171

3,722

Trade creditors

14,478

5,156

Taxation and social security

28,793

47,467

Other creditors

10,891

28,490

60,613

84,835

8.

Creditors: amounts falling due after more than one year

31/3/25

31/3/24

£

£

Bank loans

14,267

-

Hire purchase contracts

-

2,171

14,267

2,171

9.	Secured debts

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Hire purchase contracts

2,171

5,893

Hire purchase contracts are secured on the underlying assets.

10.	Provisions for liabilities

31/3/25

31/3/24

£

£

Deferred tax

7,518

-

Deferred

tax

£

Charge to Statement of Income and Retained Earnings during year

7,518

Balance at 31 March 2025

7,518

11.	Related party disclosures

The directors have made loans to the company. The combined total of these loans at 31 March 2025 was £4,192 (2024 - £28,040). These loans are interest-free and repayable on demand.

The directors have given personal guarantees in respect of the company's bank borrowings.