AV Racks Limited 31/07/2025 iXBRL

Company registration number: 05469784

AV Racks Limited

Unaudited filleted financial statements

for the year ended

31 July 2025

Prepared by:

THOMAS NOCK MARTIN LIMITED

CHARTERED ACCOUNTANTS

BRIERLEY HILL

AV Racks Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

AV Racks Limited

Directors and other information


	Director	Adam David Kent


	Company number	05469784


	Registered office	109-111 Pope Street
		Birmingham
		West Midlands
		B1 3AG


	Business address	109-111 Pope Street
		Birmingham
		West Midlands
		B1 3AG


	Accountants	Thomas Nock Martin Limited
		5 Hagley Court South
		The Waterfront
		Brierley Hill
		West Midlands
		DY5 1XE

AV Racks Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of AV Racks Limited

Year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AV Racks Limited for the year ended 31 July 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of AV Racks Limited, as a body, in accordance with the terms of our engagement letter dated 25 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of AV Racks Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AV Racks Limited and its director as a body for our work or for this report.

It is your duty to ensure that AV Racks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of AV Racks Limited. You consider that AV Racks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AV Racks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Thomas Nock Martin Limited

Chartered Accountants

5 Hagley Court South

The Waterfront

Brierley Hill

West Midlands

DY5 1XE

24 April 2026

AV Racks Limited

Statement of financial position

31 July 2025

		2025		2024
	Note	£	£	£	£

Current assets
Stocks	7	11,189		12,134
Debtors	8	9,254		10,951
Cash at bank and in hand		874		79
		_______		_______
		21,317		23,164
Creditors: amounts falling due
within one year	9	( 18,804)		( 15,664)
		_______		_______
Net current assets			2,513		7,500
			_______		_______
Total assets less current liabilities			2,513		7,500

Creditors: amounts falling due
after more than one year	10		-		( 2,263)
			_______		_______
Net assets			2,513		5,237
			_______		_______

Capital and reserves
Called up share capital	11		100		100
Profit and loss account			2,413		5,137
			_______		_______
Shareholders funds			2,513		5,237
			_______		_______

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

Adam David Kent

Director

Company registration number: 05469784

AV Racks Limited

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 109-111 Pope Street, Birmingham, West Midlands, B1 3AG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	straight line
Computer equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors, creditors, other debtors and creditors.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 August 2024 and 31 July 2025	15,130	15,130
	_______	_______
Amortisation
At 1 August 2024 and 31 July 2025	15,130	15,130
	_______	_______
Carrying amount
At 31 July 2025	-	-
	_______	_______
At 31 July 2024	-	-
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 August 2024 and 31 July 2025	22,386	13,758	36,144
	_______	_______	_______
Depreciation
At 1 August 2024 and 31 July 2025	22,386	13,758	36,144
	_______	_______	_______
Carrying amount
At 31 July 2025	-	-	-
	_______	_______	_______
At 31 July 2024	-	-	-
	_______	_______	_______

7. Stocks

	2025	2024
	£	£

Finished goods and goods for resale	11,189	12,134
	_______	_______

8. Debtors

	2025	2024
	£	£

Trade debtors	16	1,127
Other debtors	9,238	9,824
	_______	_______
	9,254	10,951
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£

Bank loans	2,263	2,715
Trade creditors	3,763	3,853
Social security and other taxes	596	391
Other creditors	12,182	8,705
	_______	_______
	18,804	15,664
	_______	_______

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

	2025	2024
	£	£

Bank loans	-	2,263
	_______	_______

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£

Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______