REGISTERED NUMBER: 04400045 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

AVEITA HOLDINGS LTD

PREVIOUSLY KNOWN AS

FENWICK HAULAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Martin

K Martin

REGISTERED OFFICE:

Bentley Moor Lane

Adwick-Le-Street

Doncaster

DN6 7BD

REGISTERED NUMBER:

04400045 (England and Wales)

AUDITORS:

Bewers Turner & Co LLP

Chartered Accountants & Statutory Auditor

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Tangible assets

4

2,187,356

1,366,853

Investments

5

70

-

2,187,426

1,366,853

CURRENT ASSETS

Stocks

5,442

5,627

Debtors

6

272,464

343,121

Cash at bank

-

903

277,906

349,651

CREDITORS

Amounts falling due within one year

7

1,521,862

410,299

NET CURRENT LIABILITIES

(1,243,956

)

(60,648

)

TOTAL ASSETS LESS CURRENT LIABILITIES

943,470

1,306,205

CREDITORS

Amounts falling due after more than one year

8

(704,255

)

(782,667

)

PROVISIONS FOR LIABILITIES

(188,854

)

(43,497

)

NET ASSETS

50,361

480,041

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

50,261

479,941

50,361

480,041

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

R Martin - Director

1.	STATUTORY INFORMATION

Aveita Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis, notwithstanding the company has net current liabilities, as the company receives financial support from the directors and the company's parent, Martin Holdings Limited and it's principal shareholders.

Significant judgements and estimates

In the process of applying the company's accounting policies, management has made no significant judgements which have a significant effect on the amounts recognised in the financial statements or made any significant estimates that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Turnover

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

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 19 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

1,202,184

994,642

2,196,826

Additions

-

979,533

979,533

At 31st March 2025

1,202,184

1,974,175

3,176,359

DEPRECIATION

At 1st April 2024

9,322

820,651

829,973

Charge for year

941

158,089

159,030

At 31st March 2025

10,263

978,740

989,003

NET BOOK VALUE

At 31st March 2025

1,191,921

995,435

2,187,356

At 31st March 2024

1,192,862

173,991

1,366,853

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

Additions

70

At 31st March 2025

70

NET BOOK VALUE

At 31st March 2025

70

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

£

Trade debtors

71,563

210,349

Amounts owed by group undertakings

104,148

-

Other debtors

96,753

132,772

272,464

343,121

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

£

Bank loans and overdrafts

353,435

165,910

Hire purchase contracts

5,625

5,691

Trade creditors

214,628

148,083

Taxation and social security

-

59,763

Other creditors

948,174

30,852

1,521,862

410,299

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as

restated

£

£

Bank loans

701,609

774,462

Hire purchase contracts

2,646

8,205

704,255

782,667

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalment

544,693

543,606

544,693

543,606

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as

restated

£

£

Bank loans

1,055,044

940,372

Hire purchase contracts

8,271

13,896

1,063,315

954,268

The company has loans from HSBC Bank PLC which are secured on the company's assets.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Bewers BSc FCA (Senior Statutory Auditor)

for and on behalf of Bewers Turner & Co LLP