Company No: 00252941 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	M A Pentony
	S R Pentony

SECRETARY

M A Pentony

REGISTERED OFFICE	Unit 1
	Monkton Park
	Farnham Trading Estate
	Farnham
	GU9 9PA
	United Kingdom

COMPANY NUMBER

00252941 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	6,658		11,730
		6,658		11,730
Current assets
Stocks	4	244,837		323,249
Debtors	5	299,054		273,621
Cash at bank and in hand		9,905		52,621
		553,796		649,491
Creditors: amounts falling due within one year	6	( 132,761)		( 201,533)
Net current assets		421,035		447,958
Total assets less current liabilities		427,693		459,688
Creditors: amounts falling due after more than one year	7	( 5,834)		( 15,833)
Net assets		421,859		443,855
Capital and reserves
Called-up share capital		10,000		10,000
Profit and loss account		411,859		433,855
Total shareholders' funds		421,859		443,855

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.

Directors' 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 directors acknowledge 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of AVA Limited (registered number: 00252941) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

S R Pentony 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

AVA 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 1, Monkton Park, Farnham Trading Estate, Farnham, GU9 9PA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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:

Land and buildings	10 years straight line
Plant and machinery	2 - 10 years straight line
Tools and equipment	2 - 10 years straight line
Office equipment	10 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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 under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		12

3. Tangible assets

	Land and buildings		Plant and machinery		Tools and equipment		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	105,545		472,902		279,213		140,410		998,070
Additions	0		0		0		207		207
Disposals	0		0		0		( 687)		( 687)
At 31 March 2025	105,545		472,902		279,213		139,930		997,590
Accumulated depreciation
At 01 April 2024	105,545		471,889		272,522		136,384		986,340
Charge for the financial year	0		773		1,632		2,874		5,279
Disposals	0		0		0		( 687)		( 687)
At 31 March 2025	105,545		472,662		274,154		138,571		990,932
Net book value
At 31 March 2025	0		240		5,059		1,359		6,658
At 31 March 2024	0		1,013		6,691		4,026		11,730

4. Stocks

	2025		2024
	£		£
Raw materials	217,326		272,243
Work in progress	1,717		1,572
Finished goods	25,794		49,434
	244,837		323,249

5. Debtors

	2025		2024
	£		£
Trade debtors	179,877		142,828
Prepayments	106,944		115,803
Other debtors	12,233		14,990
	299,054		273,621

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		10,000
Trade creditors	93,475		154,020
Accruals	18,379		32,037
Other taxation and social security	10,457		5,308
Other creditors	450		168
	132,761		201,533

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

	2025		2024
	£		£
Bank loans	5,834		15,833

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	115,000		120,428
between one and five years	460,000		460,000
after five years	431,250		546,250
Total future minimum lease payments under non-cancellable operating leases	1,006,250		1,126,678