REGISTERED NUMBER: 08907666 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

A V Thermoforming Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N F Shires

Mr K Stewart

Mr G Parete

Mr C Miller

REGISTERED OFFICE:

Saxon Way

Melbourn

Royston

Hertfordshire

SG8 6DN

REGISTERED NUMBER:

08907666 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

323,128

193,470

Investments

5

106,750

106,750

429,878

300,220

CURRENT ASSETS

Debtors

6

32,561

100,298

Cash at bank

208,207

228,021

240,768

328,319

CREDITORS

Amounts falling due within one year

7

46,633

44,745

NET CURRENT ASSETS

194,135

283,574

TOTAL ASSETS LESS CURRENT LIABILITIES

624,013

583,794

PROVISIONS FOR LIABILITIES

9

76,328

45,152

NET ASSETS

547,685

538,642

CAPITAL AND RESERVES

Called up share capital

10

81

89

Share premium

72,170

82,662

Capital redemption reserve

34,500

24,000

Retained earnings

440,934

431,891

SHAREHOLDERS' FUNDS

547,685

538,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 24 November 2025 and were signed on its behalf by:

Mr K Stewart - Director

1.	STATUTORY INFORMATION

A V Thermoforming Limited 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.

Preparation of consolidated financial statements

The financial statements contain information about A V Thermoforming Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

Investments in subsidiaries

Investments in subsidiaries are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 July 2024

403,930

12,108

416,038

Additions

192,453

10

192,463

At 30 June 2025

596,383

12,118

608,501

DEPRECIATION

At 1 July 2024

220,615

1,953

222,568

Charge for year

60,772

2,033

62,805

At 30 June 2025

281,387

3,986

285,373

NET BOOK VALUE

At 30 June 2025

314,996

8,132

323,128

At 30 June 2024

183,315

10,155

193,470

5.	FIXED ASSET INVESTMENTS

Interest

in

subsidiary

£

COST

At 1 July 2024

and 30 June 2025

106,750

NET BOOK VALUE

At 30 June 2025

106,750

At 30 June 2024

106,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Amounts owed by group undertakings

9,348

37,598

Directors' loan accounts

-

350

Tax

21,390

-

Prepayments and accrued income

1,823

62,350

32,561

100,298

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

31,156

4,488

Tax

-

21,390

Social security and other taxes

11,022

13,199

Other creditors

825

1,889

Accrued expenses

3,630

3,779

46,633

44,745

8.	LEASING AGREEMENTS

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

30.6.25

30.6.24

£

£

Within one year

11,286

12,722

Between one and five years

2,908

14,025

14,194

26,747

9.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

76,328

45,152

Deferred

tax

£

Balance at 1 July 2024

45,152

Accelerated capital allowances

31,176

Balance at 30 June 2025

76,328

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.22

30.6.21

value:

£

£

80

Ordinary A

£1

80

88

1

Ordinary B

£1

1

1

81

89

The A Ordinary Shares shall have attached to them full voting, dividend and capital distribution ( including on winding up) rights; they do not confer any rights of redemption.

The B Ordinary Shares shall not entitle the holder to the right to receive dividends, share in the capital of the company on a liquidation or other distribution of capital or to receive notice of, attend, count in quorum and vote in meetings of shareholders. No shares shall be transferred and no amendments or alterations shall be made to the company's articles of association without prior consent of the B Ordinary Shareholders.

On 31 October 2024, the company purchased 8 £1 Ordinary A shares for consideration of £8,000, to facilitate the exit of a departing shareholder. The shares were immediately cancelled on the same date.

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £21,230 (2024: £17,159). The pension contributions outstanding at the year end amounted to £236 (2024: £233).

12.	RELATED PARTY TRANSACTIONS

During the year, the company declared dividends to the directors totalling £7,350 (2024: £9,800)

In the year the company was charged £17,000 (2024: £14,600) for consultancy fees from Airvision Engineering Limited a company which has common directorship. At the year end, £13,205 (2024: £600) of this balance is owing to Airvision Engineering Limited.

13.	ULTIMATE CONTROLLING PARTY

A V Thermoforming Limited is owned by its employee's. On this basis there is no one person who has ultimate control of the company.