AV2000 Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

AV2000 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03695593 . The registered office is 14 Beech Hill, Otley, West Yorkshire, LS21 3AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	14% straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% straight line

Impairment of fixed assets

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.

2.4. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Page 3

Page 4

AV2000 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand.

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

2.8. Pensions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

2.9. Government Grant

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the condtions attaching to them and the grants will be received.

Government grants are recognised using the accruals model and the performance model.

Under the accruals model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performance related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance related conditions on the recipient, it is recognised in income only when the performance related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Page 4

Page 5

AV2000 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 6)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	22,202	280	25,421	13,650	61,553
Additions	-	-	-	2,232	2,232
Disposals	-	-	-	(418 )	(418 )

As at 31 January 2026	22,202	280	25,421	15,464	63,367

Depreciation
As at 1 February 2025	22,027	274	23,207	10,900	56,408
Provided during the period	175	1	554	1,039	1,769
Disposals	-	-	-	(44 )	(44 )

As at 31 January 2026	22,202	275	23,761	11,895	58,133

Net Book Value
As at 31 January 2026	-	5	1,660	3,569	5,234

As at 1 February 2025	175	6	2,214	2,750	5,145

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

5. Stocks

	2026	2025
	£	£
Stock	22,027	31,144

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	64,012	191,266
Other debtors	7,621	23,096

	71,633	214,362

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	35,131	83,003
Other creditors	18,485	67,491
Taxation and social security	26,934	61,239

	80,550	211,733

Page 5

Page 6

AV2000 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

Page 6

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,234		5,145

			5,234		5,145
CURRENT ASSETS
Stocks	5	22,027		31,144
Debtors	6	71,633		214,362
Cash at bank and in hand		195,559		178,367

		289,219		423,873
Creditors: Amounts Falling Due Within One Year	7	(80,550 )		(211,733 )

NET CURRENT ASSETS (LIABILITIES)			208,669		212,140

TOTAL ASSETS LESS CURRENT LIABILITIES			213,903		217,285

PROVISIONS FOR LIABILITIES
Deferred Taxation			(628 )		(275 )

NET ASSETS			213,275		217,010

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			213,175		216,910

SHAREHOLDERS' FUNDS			213,275		217,010