Company Registration No. 01330727 (England and Wales)
Avoncrown Limited
Unaudited accounts
for the year ended 31 December 2019
Avoncrown Limited
Unaudited accounts
Contents
Avoncrown Limited
Company Information
for the year ended 31 December 2019
Directors
M C Haste
C J Haste
J P Haste
Company Number
01330727 (England and Wales)
Registered Office
45 Playford Road
Rushmere St Andrew
Ipswich
Suffolk
IP4 5RJ
England
Accountants
Linda Button
239 Sidegate Lane
Ipswich
Suffolk
IP4 3DG
Avoncrown Limited
Statement of financial position
as at
31 December 2019
Tangible assets
72,255
93,483
Inventories
303,660
283,660
Cash at bank and in hand
452,497
573,398
Creditors: amounts falling due within one year
(264,039)
(195,941)
Net current assets
1,217,306
1,090,958
Total assets less current liabilities
1,289,561
1,184,441
Creditors: amounts falling due after more than one year
(292,795)
(305,871)
Net assets
996,766
878,570
Called up share capital
5,000
5,000
Profit and loss account
991,766
873,570
Shareholders' funds
996,766
878,570
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2020 and were signed on its behalf by
M C Haste
Director
Company Registration No. 01330727
Avoncrown Limited
Notes to the Accounts
for the year ended 31 December 2019
Avoncrown Limited is a private company, limited by shares, registered in England and Wales, registration number 01330727. The registered office is 45 Playford Road, Rushmere St Andrew, Ipswich, Suffolk, IP4 5RJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Avoncrown Limited
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2019
12,000
36,345
123,247
7,409
179,001
At 31 December 2019
12,000
36,345
123,733
7,409
179,487
At 1 January 2019
-
25,440
54,461
5,617
85,518
Charge for the year
-
2,726
17,196
1,792
21,714
At 31 December 2019
-
28,166
71,657
7,409
107,232
At 31 December 2019
12,000
8,179
52,076
-
72,255
At 31 December 2018
12,000
10,905
68,786
1,792
93,483
Raw materials
138,260
138,260
Work in progress
165,400
145,400
Trade debtors
384,811
86,673
Accrued income and prepayments
13,800
16,591
Other debtors
326,577
326,577
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
166,688
64,004
Taxes and social security
33,601
29,548
Loans from directors
59,650
98,289
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
292,795
305,871
9
Average number of employees
During the year the average number of employees was 6 (2018: 6).