Avanti Fitted Kitchens Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01527338 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AVANTI FITTED KITCHENS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,897,399

787,528

CURRENT ASSETS

Stocks

548,550

484,089

Debtors

5

2,552,750

1,382,003

Cash at bank and in hand

854,193

2,054,878

3,955,493

3,920,970

CREDITORS

Amounts falling due within one year

6

936,045

679,423

NET CURRENT ASSETS

3,019,448

3,241,547

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,916,847

4,029,075

PROVISIONS FOR LIABILITIES

325,000

283,000

NET ASSETS

4,591,847

3,746,075

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

7

924,318

-

Retained earnings

3,667,429

3,745,975

SHAREHOLDERS' FUNDS

4,591,847

3,746,075

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

L M Capewell - Director

Mrs K A Turner - Director

1.	STATUTORY INFORMATION

Avanti Fitted Kitchens Limited is a private company, limited by shares, registered in England and Wales, registered number 01527338. Its registered office is Admiral House, Waterfront East, Brierley Hill, West Midlands, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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 as modified by the revaluation of certain assets.

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.

Turnover

Turnover 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance, 20% on cost and 15% on reducing balance

Stocks

Stocks 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 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.

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.

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.

Financial instruments

Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2023 - 72 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 January 2024

683,193

1,418,786

2,101,979

Additions

-

210,778

Disposals

-

(12,375

)

(12,375

)

Revaluations

816,807

-

816,807

At 31 December 2024

1,500,000

1,617,189

3,117,189

DEPRECIATION

At 1 January 2024

158,485

1,155,966

1,314,451

Charge for year

7,027

75,633

82,660

Eliminated on disposal

-

(11,809

)

(11,809

)

Revaluation adjustments

(165,512

)

-

(165,512

)

At 31 December 2024

-

1,219,790

NET BOOK VALUE

At 31 December 2024

1,500,000

397,399

1,897,399

At 31 December 2023

524,708

262,820

787,528

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2024

816,807

-

816,807

Cost

683,193

1,617,189

2,300,382

1,500,000

1,617,189

3,117,189

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

683,193

-

Aggregate depreciation

165,511

-

Value of land in freehold land and buildings

517,682

-

Freehold land and buildings were valued on an open market basis on 13 June 2025 by Carter Jonas .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

17,175

29,646

Amounts owed by group undertakings

2,444,437

1,250,287

Other debtors

91,138

102,070

2,552,750

1,382,003

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

730,594

427,194

Taxation and social security

130,857

153,185

Other creditors

74,594

99,044

936,045

679,423

7.

RESERVES

Revaluation

reserve

£

Revaluation in the year

924,318

At 31 December 2024

924,318

8.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Avanti West Midlands Limited.

Avanti West Midlands Limited is under the control of its directors.