REGISTERED NUMBER: 13396343 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

AVA Special Steels Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

J M Avent

J W Avent

Secretary:

Mrs K M Avent

Registered office:

10 The Southend

Ledbury

Herefordshire

HR8 2EY

Registered number:

13396343 (England and Wales)

Accountants:

Crowthers Chartered Accountants

19 High Street

Pershore

Worcestershire

WR10 1AA

FIXED ASSETS

Intangible assets

4

1

1,000

Property, plant and equipment

5

19,577

26,183

19,578

27,183

CURRENT ASSETS

Inventories

330,638

372,796

Debtors

6

309,021

349,174

Cash at bank

2,295

7,849

641,954

729,819

CREDITORS

Amounts falling due within one year

7

806,306

834,229

NET CURRENT LIABILITIES

(164,352

)

(104,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(144,774

)

(77,227

)

CREDITORS

Amounts falling due after more than one year

8

46,678

46,678

NET LIABILITIES

(191,452

)

(123,905

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(191,552

)

(124,005

)

(191,452

)

(123,905

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 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 15 September 2026 and were signed on its behalf by:

J M Avent - Director

1.	STATUTORY INFORMATION

AVA Special Steels Limited 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.

Turnover

Revenue 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.

Computer software is being amortised evenly over its 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.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Inventories 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 January 2025

and 31 December 2025

4,000

Amortisation

At 1 January 2025

3,000

Charge for year

999

At 31 December 2025

3,999

Net book value

At 31 December 2025

1

At 31 December 2024

1,000

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 January 2025

and 31 December 2025

5,710

46,160

51,870

Depreciation

At 1 January 2025

1,714

23,973

25,687

Charge for year

572

6,034

6,606

At 31 December 2025

2,286

30,007

32,293

Net book value

At 31 December 2025

3,424

16,153

19,577

At 31 December 2024

3,996

22,187

26,183

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

283,721

323,874

Called up share capital not paid

100

100

Prepayments

25,200

25,200

309,021

349,174

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

771,406

788,748

Social security and other taxes

32,900

43,481

Accrued expenses

2,000

2,000

806,306

834,229

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

46,678

46,678

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

In more than five years

63,000

63,000

10.	GOING CONCERN

The financial statements have been prepared on a going concern basis as the directors intend to continue to support the company. Support has been provided by a company associated with the directors of this company and this support will continue for the foreseeable future.

The directors believe that with the support of the associated company, this company is well placed to manage its financing and other business risks satisfactorily, and there is a reasonable expectation that the company will have adequate resources to continue in operation for at least 12 months. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

The financial statements do not include any adjustments that would result from the withdrawal of the directors support.