REGISTERED NUMBER: 05683439 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Avalon Guns Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Whitemore

Mrs J Whitemore

J Johnson

REGISTERED OFFICE:

191 High Street

Street

Somerset

BA16 0NE

REGISTERED NUMBER:

05683439 (England and Wales)

ACCOUNTANTS:

Underwood Lamb Professional Services Ltd

Ground Floor, The Old Barn

Lady Farm

Chelwood

Bristol

BS39 4NN

FIXED ASSETS

Intangible assets

4

1,000,000

1,000,000

Tangible assets

5

67,566

84,381

1,067,566

1,084,381

CURRENT ASSETS

Stocks

1,006,493

982,431

Debtors

6

167,431

204,669

Cash at bank

263,949

250,434

1,437,873

1,437,534

CREDITORS

Amounts falling due within one year

7

420,528

324,632

NET CURRENT ASSETS

1,017,345

1,112,902

TOTAL ASSETS LESS CURRENT LIABILITIES

2,084,911

2,197,283

CREDITORS

Amounts falling due after more than one year

8

7,576

53,030

NET ASSETS

2,077,335

2,144,253

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

9

2,077,332

2,144,250

SHAREHOLDERS' FUNDS

2,077,335

2,144,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 December 2025 and were signed on its behalf by:

A R Whitemore - Director

1.	STATUTORY INFORMATION

Avalon Guns 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill valued at £1,000,000 based on an independent valuation was acquired by the company from the Director on the transfer of the Director's former sole trade into the company on 1st May 2006.

It is considered that the Goodwill valuation is fair and ongoing but will be subject to an annual impairment review.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,000,000

NET BOOK VALUE

At 31 March 2025

1,000,000

At 31 March 2024

1,000,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

27,853

68,161

66,646

Additions

-

-

3,277

At 31 March 2025

27,853

68,161

69,923

DEPRECIATION

At 1 April 2024

24,867

59,560

62,720

Charge for year

499

591

4,555

At 31 March 2025

25,366

60,151

67,275

NET BOOK VALUE

At 31 March 2025

2,487

8,010

2,648

At 31 March 2024

2,986

8,601

3,926

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

83,400

84,077

330,137

Additions

-

1,152

4,429

At 31 March 2025

83,400

85,229

334,566

DEPRECIATION

At 1 April 2024

30,065

68,544

245,756

Charge for year

13,333

2,266

21,244

At 31 March 2025

43,398

70,810

267,000

NET BOOK VALUE

At 31 March 2025

40,002

14,419

67,566

At 31 March 2024

53,335

15,533

84,381

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

167,431

204,669

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

45,455

45,455

Trade creditors

256,059

141,113

Taxation and social security

33,588

67,082

Other creditors

85,426

70,982

420,528

324,632

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

7,576

53,030

9.

RESERVES

Retained

earnings

£

At 1 April 2024

2,144,250

Deficit for the year

(21,918

)

Dividends

(45,000

)

At 31 March 2025

2,077,332

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A R Whitemore.