REGISTERED NUMBER: 08044237 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

AVARUS VALVES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Jason Littlewood

Steven Robinson

REGISTERED OFFICE:

Unit 3 Bretfield Court

Bretfield Street

Dewsbury

West Yorkshire

WF12 9BG

REGISTERED NUMBER:

08044237 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

First Floor, Unit 12

Pennine Business Park

Longbow Close, Bradley

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Intangible assets

3

15,000

15,000

Tangible assets

4

10,897

13,582

25,897

28,582

CURRENT ASSETS

Stocks

31,817

54,250

Debtors

5

147,421

196,869

Cash at bank and in hand

166,455

220,933

345,693

472,052

CREDITORS

Amounts falling due within one year

6

202,396

458,070

NET CURRENT ASSETS

143,297

13,982

TOTAL ASSETS LESS CURRENT LIABILITIES

169,194

42,564

CREDITORS

Amounts falling due after more than one year

7

(3,892

)

(1,731

)

PROVISIONS FOR LIABILITIES

(2,724

)

(1,883

)

ACCRUALS AND DEFERRED INCOME

(2,400

)

(2,250

)

NET ASSETS

160,178

36,700

CAPITAL AND RESERVES

Called up share capital

75

75

Capital redemption reserve

25

25

Profit and Loss Account

160,078

36,600

160,178

36,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

Jason Littlewood - Director

1.	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.

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.

Company restructure costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer Equipment

-

25% on reducing balance

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 Profit and Loss Account, 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.

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.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next rent review at which the rent is expected to be reset to market rates.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

3.	INTANGIBLE FIXED ASSETS

Company

restructure

costs

£

COST

At 1 May 2025

and 30 April 2026

15,000

NET BOOK VALUE

At 30 April 2026

15,000

At 30 April 2025

15,000

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 May 2025

61,104

5,118

14,049

11,012

91,283

Additions

-

-

10,980

-

10,980

Disposals

(24,263

)

(1,499

)

(14,049

)

(2,390

)

(42,201

)

At 30 April 2026

36,841

3,619

10,980

8,622

60,062

DEPRECIATION

At 1 May 2025

57,938

4,302

6,146

9,315

77,701

Charge for year

457

115

2,745

315

3,632

Eliminated on disposal

(22,925

)

(1,143

)

(6,146

)

(1,954

)

(32,168

)

At 30 April 2026

35,470

3,274

2,745

7,676

49,165

NET BOOK VALUE

At 30 April 2026

1,371

345

8,235

946

10,897

At 30 April 2025

3,166

816

7,903

1,697

13,582

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

147,421

190,244

Other debtors

-

6,625

147,421

196,869

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

2,469

2,950

Trade creditors

104,031

165,871

Taxation and social security

87,043

106,610

Other creditors

8,853

182,639

202,396

458,070

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

3,892

1,731

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held seperately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £2,133 (2025: £1,221). Contributions totalling £194 (2025: £165) were payable to the fund at the year end and are included in creditors.