Company No: 05228818 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	387,653		387,958
Investments	4	585,000		0
		972,653		387,958
Current assets
Stocks		52,500		52,500
Debtors	5	3,410,569		3,719,091
Cash at bank and in hand		1,692,424		1,067,084
		5,155,493		4,838,675
Creditors: amounts falling due within one year	6	( 1,193,793)		( 1,175,107)
Net current assets		3,961,700		3,663,568
Total assets less current liabilities		4,934,353		4,051,526
Creditors: amounts falling due after more than one year	7	0		( 133,662)
Provision for liabilities		( 44,314)		( 44,237)
Net assets		4,890,039		3,873,627
Capital and reserves
Called-up share capital		50		50
Profit and loss account		4,889,989		3,873,577
Total shareholders' funds		4,890,039		3,873,627

For the financial 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 financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Etavoni Limited (registered number: 05228818) were approved and authorised for issue by the Director on 17 November 2025. They were signed on its behalf by:

Mr B Watts Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Etavoni Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit A Wellsway Works, Wells Road, Radstock, BA3 3RZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	20 years straight line
Plant and machinery	15 % reducing balance
Vehicles	15 % reducing balance
Office equipment	15 % reducing balance
Computer equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	31.03.2025		31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	28		26

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Office equipment		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	254,212		432,262		187,173		9,037		47,569		930,253
Additions	0		0		27,975		0		19,906		47,881
Disposals	0		0		( 18,775)		0		0		( 18,775)
At 31 March 2025	254,212		432,262		196,373		9,037		67,475		959,359
Accumulated depreciation
At 01 April 2024	45,661		314,595		134,752		7,881		39,406		542,295
Charge for the financial year	5,084		23,797		13,680		293		4,011		46,865
Disposals	0		0		( 17,454)		0		0		( 17,454)
Rounding	0		0		0		0		0		0
At 31 March 2025	50,745		338,392		130,978		8,174		43,417		571,706
Net book value
At 31 March 2025	203,467		93,870		65,395		863		24,058		387,653
At 31 March 2024	208,551		117,667		52,421		1,156		8,163		387,958

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	0		0
Additions	585,000		585,000
At 31 March 2025	585,000		585,000
Carrying value at 31 March 2025	585,000		585,000
Carrying value at 31 March 2024	0		0

5. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	1,336,683		1,536,901
Amounts owed by related parties	1,946,710		1,466,757
Other debtors	127,176		715,433
	3,410,569		3,719,091

6. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Bank loans	76,785		143,881
Trade creditors	115,895		153,823
Corporation tax	177,627		77,640
Other taxation and social security	119,330		86,478
Other creditors	704,156		713,285
	1,193,793		1,175,107

Bank loans of £10,974 (2024- £11,727) are secured on the property held within the company.

7. Creditors: amounts falling due after more than one year

	31.03.2025		31.03.2024
	£		£
Bank loans	0		133,662

Bank loans of £Nil (2024 - £56,767) are secured on the property held within the company.

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	31.03.2025		31.03.2024
	£		£
Shareholders Loan	12,416		(10,104)

During the year £112,480 was advanced to a shareholder and £122,584 was subsequently repaid. The balance owed by the shareholder at the beginning of the year was £10,104 and £Nil at the year end. The loan is unsecure, interest free and has no fixed repayment terms.

Transactions with the entity's director

	31.03.2025		31.03.2024
	£		£
Directors Loan	(40,384)		(49,381)

During the year £71,083 was advanced to a director and £80,080 was subsequently repaid. The balance owed by the director at the beginning of the year was £49,381 and £40,384 at the year end. The loan is repayable on demand and interest is charged at a rate of 2.25%.