Second Avenue (Heaton) Limited 30/06/2025 iXBRL

Company registration number: 09658177

Second Avenue (Heaton) Limited

Unaudited abridged financial statements

30 June 2025

Second Avenue (Heaton) Limited

Contents

Directors and other information

Directors report

Accountants report

Abridged statement of comprehensive income

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Second Avenue (Heaton) Limited

Directors and other information


	Directors	Adam McMenamin
		Lindsey Grieves


	Company number	09658177


	Registered office	12 A/B Second Avenue
		Heaton
		Newcastle upon Tyne
		NE6 5XS


	Business address	12 A/B Second Avenue
		Heaton
		Newcastle upon Tyne
		NE6 5XS


	Accountants	T R Dixon and Co Ltd
		Chartered Certified Accountants
		Statutory Auditors
		Bermuda House
		1A Dinsdale Place
		Jesmond
		Newcastle upon Tyne
		NE2 1BD

Second Avenue (Heaton) Limited

Directors report

Year ended 30 June 2025

The directors present their report and the unaudited financial statements of the company for the year ended 30 June 2025.

Directors

The directors who served the company during the year were as follows:

Adam McMenamin

Lindsey Grieves

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 14 October 2025 and signed on behalf of the board by:

Adam McMenamin

Director

Second Avenue (Heaton) Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Second Avenue (Heaton) Limited

Year ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Second Avenue (Heaton) Limited for the year ended 30 June 2025 which comprise the abridged statement of comprehensive income, abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements.

This report is made solely to the board of directors of Second Avenue (Heaton) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Second Avenue (Heaton) Limited and state those matters that we have agreed to state to the board of directors of Second Avenue (Heaton) Limited as a body, in this report in accordance with the ACCA, to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Second Avenue (Heaton) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Second Avenue (Heaton) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Second Avenue (Heaton) Limited. You consider that Second Avenue (Heaton) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Second Avenue (Heaton) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

T R Dixon and Co Ltd

Chartered Certified Accountants

Statutory Auditors

Bermuda House

1A Dinsdale Place

Jesmond

Newcastle upon Tyne

NE2 1BD

14 October 2025

Second Avenue (Heaton) Limited

Abridged statement of comprehensive income

Year ended 30 June 2025

		2025	2024
	Note	£	£

Gross profit		45,615	52,425

Administrative expenses		( 27,478)	( 29,866)
		_______	_______
Operating profit		18,137	22,559

Interest payable and similar expenses		( 4)	( 146)
		_______	_______
Profit before taxation	5	18,133	22,413

Tax on profit		( 3,392)	( 4,496)
		_______	_______
Profit for the financial year and total comprehensive income		14,741	17,917
		_______	_______

All the activities of the company are from continuing operations.

Second Avenue (Heaton) Limited

Abridged statement of financial position

30 June 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	1,139		1,139
Tangible assets	7	3,452		3,166
		_______		_______
			4,591		4,305

Current assets
Stocks		2,471		2,341
Debtors		22,634		28,989
Cash at bank and in hand		966		404
		_______		_______
		26,071		31,734
Creditors: amounts falling due
within one year		( 11,411)		( 13,815)
		_______		_______
Net current assets			14,660		17,919
			_______		_______
Total assets less current liabilities			19,251		22,224

Creditors: amounts falling due
after more than one year			( 17,662)		( 21,876)
			_______		_______
Net assets			1,589		348
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			1,489		248
			_______		_______
Shareholders funds			1,589		348
			_______		_______

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

Adam McMenamin

Director

Company registration number: 09658177

Second Avenue (Heaton) Limited

Statement of changes in equity

Year ended 30 June 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 July 2023	100	331	431

Profit for the year		17,917	17,917
	_______	_______	_______
Total comprehensive income for the year	-	17,917	17,917

Dividends paid and payable		( 18,000)	( 18,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 18,000)	( 18,000)

	_______	_______	_______
At 30 June 2024 and 1 July 2024	100	248	348

Profit for the year		14,741	14,741
	_______	_______	_______
Total comprehensive income for the year	-	14,741	14,741

Dividends paid and payable		( 13,500)	( 13,500)
	_______	_______	_______
Total investments by and distributions to owners	-	( 13,500)	( 13,500)

	_______	_______	_______
At 30 June 2025	100	1,489	1,589
	_______	_______	_______

Second Avenue (Heaton) Limited

Notes to the financial statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in UK. The address of the registered office is 12 A/B Second Avenue, Heaton, Newcastle upon Tyne, NE6 5XS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill 10 %

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fittings fixtures and equipment 15 %

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3).

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	1,053	1,581
	_______	_______

6. Intangible assets


		£
	Cost
	At 1 July 2024 and 30 June 2025	5,699
		_______
	Amortisation
	At 1 July 2024 and 30 June 2025	4,560
		_______
	Carrying amount
	At 30 June 2025	1,139
		_______
	At 30 June 2024	1,139
		_______

7. Tangible assets


		£
	Cost
	At 1 July 2024	21,506
	Additions	1,339
		_______
	At 30 June 2025	22,845
		_______
	Depreciation
	At 1 July 2024	18,340
	Charge for the year	1,053
		_______
	At 30 June 2025	19,393
		_______
	Carrying amount
	At 30 June 2025	3,452
		_______
	At 30 June 2024	3,166
		_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Adam McMenamin	13,331	21,710	( 27,125)	7,916
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Adam McMenamin	13,659	31,298	( 31,626)	13,331
		_______	_______	_______	_______