REGISTERED NUMBER: 09931295 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Avenium Engineering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J G Hynes

SECRETARY:

K Hynes

REGISTERED OFFICE:

3A Bowes Road Business Park

MIDDLESBROUGH

North Yorkshire

TS2 1LU

REGISTERED NUMBER:

09931295 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

146,411

150,924

CURRENT ASSETS

Stocks

5

29,489

34,057

Debtors

6

375,778

364,277

Cash at bank

629,323

658,578

1,034,590

1,056,912

CREDITORS

Amounts falling due within one year

7

224,286

271,870

NET CURRENT ASSETS

810,304

785,042

TOTAL ASSETS LESS CURRENT LIABILITIES

956,715

935,966

PROVISIONS FOR LIABILITIES

9

33,878

34,175

NET ASSETS

922,837

901,791

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

922,737

901,691

SHAREHOLDERS' FUNDS

922,837

901,791

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 director acknowledges his 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 director and authorised for issue on 23 September 2025 and were signed by:

J G Hynes - Director

1.	STATUTORY INFORMATION

Avenium Engineering 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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 members of 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.

Income recognition

Income is recognised when goods are dispatched or made available to the customer or by reference to the stage of completion of services being rendered.

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

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Grants

Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset.

Revenue based grants are credited to the profit and loss account when entitled.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

189,587

27,409

-

8,045

225,041

Additions

23,854

5,309

4,035

7,950

41,148

At 31 December 2024

213,441

32,718

4,035

15,995

266,189

DEPRECIATION

At 1 January 2024

49,590

17,631

-

6,896

74,117

Charge for year

39,510

2,857

757

2,537

45,661

At 31 December 2024

89,100

20,488

757

9,433

119,778

NET BOOK VALUE

At 31 December 2024

124,341

12,230

3,278

6,562

146,411

At 31 December 2023

139,997

9,778

-

1,149

150,924

5.

STOCKS

2024

2023

£

£

Stocks

29,489

34,057

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

148,643

192,934

Amounts owed by associates

-

51,347

Amounts owed by parent

-

117,425

Prepayments

2,858

2,571

151,501

364,277

Amounts falling due after more than one year:

Amounts owed by group undertakings

224,277

-

Aggregate amounts

375,778

364,277

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

119,034

60,233

Amounts owed to associates

8,653

-

Taxation and social security

77,141

178,244

Other creditors

4,156

1,316

Directors' current accounts

537

537

Accruals and deferred income

14,765

31,540

224,286

271,870

8.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

16,505

15,598

Between one and five years

38,930

52,752

55,435

68,350

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

33,878

34,175

Deferred

tax

£

Balance at 1 January 2024

34,175

Accelerated capital allowances

(297

)

Balance at 31 December 2024

33,878

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.	PARENT COMPANY

Avenium Engineering Ltd is a wholly owned subsidiary of IVAF Holding A Ltd, registered office is 3a Bowes Road, Middlesbrough, TS2 1LU.