REGISTERED NUMBER: 15112588 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST OCTOBER 2023 TO 31ST MARCH 2025

FOR

AVEITA LTD

PREVIOUSLY KNOWN AS

WELLSKYE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Bradley

R Martin

R Curry

REGISTERED OFFICE:

Bentley Moor Lane

Adwick-le-Street

Doncaster

South Yorkshire

DN6 7BD

REGISTERED NUMBER:

15112588 (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

415,496

-

CURRENT ASSETS

Stocks

1,220,043

-

Debtors

5

253,456

-

Cash at bank and in hand

123,755

100

1,597,254

100

CREDITORS

Amounts falling due within one year

6

2,564,538

-

NET CURRENT (LIABILITIES)/ASSETS

(967,284

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

(551,788

)

100

PROVISIONS FOR LIABILITIES

93,244

-

NET (LIABILITIES)/ASSETS

(645,032

)

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(645,132

)

-

(645,032

)

100

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 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 company extended its year end to align with its parent company.

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 ultimate company's parent, Martin Holdings Limited and it's principal shareholders.

Significant judgements and estimates

In the application of the company's accounting policies management are required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on the directors' industry experience and other factors that are considered relevant. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis.

A key area of significant judgement is the cost of trading stock, in particular the value of parts that are stripped from dismantled vehicles. These parts are valued as a percentage of expected selling price.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 20% 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.

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 the basic financial instruments such as cash, trade debtors and trade creditors. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment.

Taxation

Taxation for the period 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 period 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.

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 period was 21 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

43,411

459,986

503,397

At 31st March 2025

43,411

459,986

503,397

DEPRECIATION

Charge for period

892

87,009

87,901

At 31st March 2025

892

87,009

87,901

NET BOOK VALUE

At 31st March 2025

42,519

372,977

415,496

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

225,756

-

Other debtors

27,700

-

253,456

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade creditors

256,921

-

Amounts owed to group undertakings

104,148

-

Taxation and social security

64,756

-

Other creditors

2,138,713

-

2,564,538

-

7.	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