Gary Avison Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03191373

GARY AVISON LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

GARY AVISON LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed Assets

Tangible assets	5		843,565		490,926

Current Assets

Stocks		488,664	947,000
Debtors	6	400,638	173,122
Investments	7	1,499,607	941,999
Cash at bank and in hand		4,405,802	4,393,690
		--------------	--------------
		6,794,711	6,455,811

Creditors: amounts falling due within one year	8	1,224,977		1,156,189
		--------------		--------------
Net Current Assets			5,569,734		5,299,622
			--------------		--------------
Total Assets Less Current Liabilities			6,413,299		5,790,548

Provisions

Taxation including deferred tax	10,440	18,350
	--------------	--------------
Net Assets	6,402,859	5,772,198
	--------------	--------------

GARY AVISON LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

Capital and Reserves

Called up share capital	2	2
Profit and loss account	6,402,857	5,772,196
	--------------	--------------
Shareholders Funds	6,402,859	5,772,198
	--------------	--------------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:

S G Avison
Director

Company registration number: 03191373

GARY AVISON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Roughton Moor, Woodhall Spa, Lincolnshire, LN10 6YQ.

2. Statement of Compliance

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

Revenue Recognition

The turnover shown in the profit and loss account represents the amount due for vehicles and equipment sold during the year, exclusive of Value Added Tax. Turnover is recognised when a sale is completed.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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. Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Tangible Assets

Tangible assets are initially recorded at cost, and 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:

Freehold Buildings	-	over 30 years
Plant and Machinery	-	20% reducing balance
Fixtures and Fittings	-	33% reducing balance
Motor Vehicles	-	20% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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 stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Employee Numbers

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

5. Tangible Assets

	Freehold Buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	810,214	205,976	17,850	35,852	1,069,892
Additions	398,253	3,000	1,995	–	403,248
Disposals	–	–	–	( 35,852)	( 35,852)
	--------------	-----------	---------	---------	--------------
At 31 March 2025	1,208,467	208,976	19,845	–	1,437,288
	--------------	-----------	---------	---------	--------------
Depreciation
At 1 April 2024	405,242	144,951	15,866	12,907	578,966
Charge for the year	14,610	12,255	799	–	27,664
Disposals	–	–	–	( 12,907)	( 12,907)
	--------------	-----------	---------	---------	--------------
At 31 March 2025	419,852	157,206	16,665	–	593,723
	--------------	-----------	---------	---------	--------------
Carrying amount
At 31 March 2025	788,615	51,770	3,180	–	843,565
	--------------	-----------	---------	---------	--------------
At 31 March 2024	404,972	61,025	1,984	22,945	490,926
	--------------	-----------	---------	---------	--------------

6. Debtors

	2025	2024
	£	£
Trade debtors	192,931	173,122
Other debtors	207,707	–
	-----------	-----------
	400,638	173,122
	-----------	-----------

7. Investments

	2025	2024
	£	£
Listed investments	1,499,607	941,999
	--------------	-----------

Investments represents a portfolio of listed shares and securities. No holding represents a significant proportion of the entity concerned.

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	120,077	136,250
Amounts owed to group undertakings	787,937	829,087
Social security and other taxes	305,469	180,427
Other creditors	11,494	10,425
	--------------	--------------
	1,224,977	1,156,189
	--------------	--------------

9. Director's Advances, Credits and Guarantees

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

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
S G Avison	–	207,707	207,707
	-----	-----------	-----------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
S G Avison	–	–	–
	-----	-----	-----

The advance is repayable on demand and subject to interest at the official rate.

10. Controlling Party

The company is a wholly owned subsidiary of Roughton Moor Limited, a company registered in England at Roughton Moor, Woodhall Spa, Lincolnshire, LN10 6YQ. The ultimate controlling party is S G Avison who controls Roughton Moor Limited.