Registered number
10076073
AWL Commercial Gas Limited
Filleted Accounts
31 March 2022
AWL Commercial Gas Limited
Registered number: 10076073
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 5,156 4,442
Current assets
Debtors 4 5,522 5,522
Cash at bank and in hand 18,260 436
23,782 5,958
Creditors: amounts falling due within one year 5 (9,450) (3,477)
Net current assets 14,332 2,481
Net assets 19,488 6,923
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,388 6,823
Shareholders' funds 19,488 6,923
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Lord
Director
Approved by the board on 12 September 2022
AWL Commercial Gas Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Tools & equipment 25% Reducing balance
Motor Vehicle 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Tools & Equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2021 3,314 12,600 15,914
Additions 2,477 - 2,477
At 31 March 2022 5,791 12,600 18,391
Depreciation
At 1 April 2021 1,861 9,611 11,472
Charge for the year 1,016 747 1,763
At 31 March 2022 2,877 10,358 13,235
Net book value
At 31 March 2022 2,914 2,242 5,156
At 31 March 2021 1,453 2,989 4,442
4 Debtors 2022 2021
£ £
Other debtors 5,522 5,522
5 Creditors: amounts falling due within one year 2022 2021
£ £
Corporation tax 8,058 2,746
Other creditors 1,392 731
9,450 3,477
6 Related party transactions
At the year end the company owed £682 (2021 -£21) to Mr & Mrs Lord(Director).
7 Controlling party
The company is under control of Mr & Mrs Lord(Director).
8 Other information
AWL Commercial Gas Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Winstree Road
Stanway
Colchester
Essex
CO3 0PZ
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