Avongard Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 01449299 (England and Wales)

AVONGARD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J T Johnson

REGISTERED OFFICE:

15 Warwick Road

Stratford upon Avon

Warwickshire

CV37 6YW

REGISTERED NUMBER:

01449299 (England and Wales)

ACCOUNTANTS:

Murphy Salisbury Limited

Chartered Accountants

Celixir House

Stratford Business and Technology Park

Stratford-upon-Avon

Warwickshire

CV37 7GZ

FIXED ASSETS

Intangible assets

4

8,034

10,085

Tangible assets

5

32,199

38,977

Investments

6

100

100

40,333

49,162

CURRENT ASSETS

Stocks

129,469

139,520

Debtors

7

26,962

43,376

Cash at bank

47,931

162,103

204,362

344,999

CREDITORS

Amounts falling due within one year

8

33,533

144,098

NET CURRENT ASSETS

170,829

200,901

TOTAL ASSETS LESS CURRENT LIABILITIES

211,162

250,063

PROVISIONS FOR LIABILITIES

8,050

7,418

NET ASSETS

203,112

242,645

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

202,912

242,445

SHAREHOLDERS' FUNDS

203,112

242,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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.

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 13 March 2023 and were signed by:

J T Johnson - Director

1.	STATUTORY INFORMATION

Avongard 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of five years.

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

-

15% straight line basis

Fixtures and fittings

-

15% straight line basis

Government grants

Government grants are recognised in the profit and loss on a systematic basis over the periods in which the company recognises expenses for the related costs for which the grants are intended to compensate. Grants relate to the income as a result of the Covid pandemic.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 1 October 2021

and 30 September 2022

10,255

AMORTISATION

At 1 October 2021

170

Amortisation for year

2,051

At 30 September 2022

2,221

NET BOOK VALUE

At 30 September 2022

8,034

At 30 September 2021

10,085

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2021

18,530

72,998

91,528

Additions

-

1,245

1,245

Disposals

-

(1,269

)

(1,269

)

At 30 September 2022

18,530

72,974

91,504

DEPRECIATION

At 1 October 2021

17,964

34,587

52,551

Charge for year

123

7,773

7,896

Eliminated on disposal

-

(1,142

)

(1,142

)

At 30 September 2022

18,087

41,218

59,305

NET BOOK VALUE

At 30 September 2022

443

31,756

32,199

At 30 September 2021

566

38,411

38,977

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2021

and 30 September 2022

100

NET BOOK VALUE

At 30 September 2022

100

At 30 September 2021

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

23,884

33,956

Other debtors

3,078

9,420

26,962

43,376

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

2,088

5,626

Amounts owed to group undertakings

12,382

98,209

Taxation and social security

16,113

28,135

Other creditors

2,950

12,128

33,533

144,098