Company Registration No. 01330727 (England and Wales)
Avoncrown Limited
Unaudited accounts
for the year ended 31 December 2020
Avoncrown Limited
Unaudited accounts
Contents
Avoncrown Limited
Company Information
for the year ended 31 December 2020
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 2020
Tangible assets
107,787
72,255
Inventories
288,660
303,660
Cash at bank and in hand
895,064
452,497
Creditors: amounts falling due within one year
(244,963)
(264,039)
Net current assets
1,416,871
1,217,306
Total assets less current liabilities
1,524,658
1,289,561
Creditors: amounts falling due after more than one year
(579,831)
(292,795)
Net assets
944,827
996,766
Called up share capital
5,000
5,000
Profit and loss account
939,827
991,766
Shareholders' funds
944,827
996,766
For the year ending 31 December 2020 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 20 August 2021 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 2020
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 2020
12,000
36,345
123,733
7,408
179,486
Additions
-
-
71,481
2,499
73,980
At 31 December 2020
12,000
36,345
195,214
9,907
253,466
At 1 January 2020
-
28,166
71,657
7,408
107,231
Charge for the year
-
2,051
6,872
2,484
11,407
On disposals
-
-
27,041
-
27,041
At 31 December 2020
-
30,217
105,570
9,892
145,679
At 31 December 2020
12,000
6,128
89,644
15
107,787
At 31 December 2019
12,000
8,179
52,076
-
72,255
Avoncrown Limited
Notes to the Accounts
for the year ended 31 December 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
5,138
384,811
Accrued income and prepayments
15,248
13,800
Other debtors
457,724
326,577
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
161,299
166,688
Taxes and social security
62,449
28,598
Loans from directors
2,470
59,650
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
279,831
292,795
Other creditors
300,000
-
8
Average number of employees
During the year the average number of employees was 6 (2019: 6).