Avoca Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03792415 (England and Wales)

Abridged Financial Statements for the Year Ended 31 March 2021

for

AVOCA SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Cartwright

SECRETARY:

Ms L Hunt

REGISTERED OFFICE:

Parkway 4

Longbridge Road

Trafford Park

Manchester

M17 1SN

REGISTERED NUMBER:

03792415 (England and Wales)

ACCOUNTANTS:

KMA Associates

Chartered Certified Accountants

Stirling House

9 Burroughs Gardens

Hendon

London

NW4 4AU

BANKERS:

Barclays Bank plc

63 Stamford New Road

Altrincham

Cheshire

WA14 1DR

SOLICITORS:

Aughton Ainsworth Solicitors

2 Merchants Quay

Salford Quays

Manchester

M50 3XR

FIXED ASSETS

Tangible assets

4

2,166,909

2,274,952

Investments

5

100

100

2,167,009

2,275,052

CURRENT ASSETS

Stocks

706,660

994,172

Debtors

5,665,110

4,198,188

Cash at bank

119,587

15,281

6,491,357

5,207,641

CREDITORS

Amounts falling due within one year

1,451,691

910,542

NET CURRENT ASSETS

5,039,666

4,297,099

TOTAL ASSETS LESS CURRENT LIABILITIES

7,206,675

6,572,151

CREDITORS

Amounts falling due after more than one year

6

1,325,220

1,060,991

NET ASSETS

5,881,455

5,511,160

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,881,355

5,511,060

SHAREHOLDERS' FUNDS

5,881,455

5,511,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 3 September 2021 and were signed by:

A Cartwright - Director

1.	STATUTORY INFORMATION

Avoca Services 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2020 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

3,664,590

Disposals

(75,604

)

At 31 March 2021

3,588,986

DEPRECIATION

At 1 April 2020

1,389,638

Charge for year

108,043

Eliminated on disposal

(75,604

)

At 31 March 2021

1,422,077

NET BOOK VALUE

At 31 March 2021

2,166,909

At 31 March 2020

2,274,952

In the opinion of the Directors, no depreciation is necessary for freehold land and buildings as the property is kept in good state of repairs. Thus in their judgement, the market value of the freehold land and buildings is £1,620,025 as at 31 March 2021

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2020

and 31 March 2021

100

NET BOOK VALUE

At 31 March 2021

100

At 31 March 2020

100

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.21

31.3.20

£

£

Repayable by instalments

Bank loans more 5 yr by instal

750,750

451,535

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.21

31.3.20

£

£

Bank loans

1,135,750

843,941

Hire purchase contracts

419,967

451,128

Invoice discounting

869,939

502,163

2,425,656

1,797,232