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REGISTERED NUMBER: 06955462 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

R W ENGINEERING (CUMBRIA) LIMITED

R W ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 06955462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R W ENGINEERING (CUMBRIA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: R C Wilson





REGISTERED OFFICE: Quarry Lodge
Oakthwaite Road
Windermere
Cumbria
LA23 2BD





REGISTERED NUMBER: 06955462 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

R W ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 06955462)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,545 10,031

CURRENT ASSETS
Stocks 2,862 2,596
Debtors 5 26,967 11,885
Cash at bank and in hand 64,067 101,169
93,896 115,650
CREDITORS
Amounts falling due within one year 6 21,424 48,244
NET CURRENT ASSETS 72,472 67,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,017

77,437

PROVISIONS FOR LIABILITIES 1,672 1,501
NET ASSETS 81,345 75,936

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 81,344 75,935
SHAREHOLDERS' FUNDS 81,345 75,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2023 and were signed by:



R C Wilson - Director


R W ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 06955462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

R W Engineering (Cumbria) 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

R W ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 06955462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 31,789 10,700 149 42,638
Additions 3,084 - - 3,084
At 31 August 2023 34,873 10,700 149 45,722
DEPRECIATION
At 1 September 2022 27,781 4,681 145 32,607
Charge for year 1,064 1,505 1 2,570
At 31 August 2023 28,845 6,186 146 35,177
NET BOOK VALUE
At 31 August 2023 6,028 4,514 3 10,545
At 31 August 2022 4,008 6,019 4 10,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 22,135 7,881
Prepayments and accrued income 4,832 4,004
26,967 11,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 3,169 3,161
Tax 8,045 12,684
Social security and other taxes 8,584 3,863
Directors' current accounts 943 27,883
Accrued expenses 683 653
21,424 48,244

7. RELATED PARTY DISCLOSURES

The company is controlled by its director, Mr RC Wilson, by virtue of the fact that he owns 100% of the company's ordinary issued share capital.