Company Registration No. 01330727 (England and Wales)
Avoncrown Limited
Unaudited accounts
for the year ended 31 December 2022
Avoncrown Limited
Unaudited accounts
Contents
Avoncrown Limited
Company Information
for the year ended 31 December 2022
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 2022
Tangible assets
78,032
100,061
Inventories
2,207,118
1,436,890
Cash at bank and in hand
103
51,049
Creditors: amounts falling due within one year
(294,443)
(103,047)
Net current assets
2,076,363
1,453,243
Total assets less current liabilities
2,154,395
1,553,304
Creditors: amounts falling due after more than one year
(798,929)
(583,004)
Net assets
1,355,466
970,300
Called up share capital
5,000
5,000
Profit and loss account
1,350,466
965,300
Shareholders' funds
1,355,466
970,300
For the year ending 31 December 2022 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 7 September 2023 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 2022
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:
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 2022
12,000
36,345
216,875
10,524
275,744
At 31 December 2022
12,000
36,345
216,875
10,524
275,744
At 1 January 2022
-
31,749
133,410
10,524
175,683
Charge for the year
-
1,149
20,880
-
22,029
At 31 December 2022
-
32,898
154,290
10,524
197,712
At 31 December 2022
12,000
3,447
62,585
-
78,032
At 31 December 2021
12,000
4,596
83,465
-
100,061
Avoncrown Limited
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
150,182
48,821
Accrued income and prepayments
-
15,248
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
28,342
-
Obligations under finance leases and hire purchase contracts
17,608
35,390
Trade creditors
112,113
54,280
Taxes and social security
121,856
8,453
Loans from directors
13,074
2,574
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
508,929
583,004
8
Average number of employees
During the year the average number of employees was 10 (2021: 10).