IRIS Accounts Production v23.1.0.753 SC561799 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5617992022-02-28SC5617992023-02-28SC5617992022-03-012023-02-28SC5617992021-02-28SC5617992021-03-012022-02-28SC5617992022-02-28SC561799ns15:Scotland2022-03-012023-02-28SC561799ns14:PoundSterling2022-03-012023-02-28SC561799ns10:Director12022-03-012023-02-28SC561799ns10:PrivateLimitedCompanyLtd2022-03-012023-02-28SC561799ns10:SmallEntities2022-03-012023-02-28SC561799ns10:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC561799ns10:SmallCompaniesRegimeForAccounts2022-03-012023-02-28SC561799ns10:FullAccounts2022-03-012023-02-28SC561799ns10:RegisteredOffice2022-03-012023-02-28SC561799ns5:CurrentFinancialInstruments2023-02-28SC561799ns5:CurrentFinancialInstruments2022-02-28SC561799ns5:ShareCapital2023-02-28SC561799ns5:ShareCapital2022-02-28SC561799ns5:RetainedEarningsAccumulatedLosses2023-02-28SC561799ns5:RetainedEarningsAccumulatedLosses2022-02-28SC561799ns5:PlantMachinery2022-03-012023-02-28SC561799ns5:MotorVehicles2022-03-012023-02-28SC561799ns5:PlantMachinery2022-02-28SC561799ns5:MotorVehicles2022-02-28SC561799ns5:PlantMachinery2023-02-28SC561799ns5:MotorVehicles2023-02-28SC561799ns5:PlantMachinery2022-02-28SC561799ns5:MotorVehicles2022-02-28SC561799ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-02-28SC561799ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-03-012023-02-28SC561799ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-28SC561799ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-02-28SC561799ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28SC561799ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: SC561799 (Scotland)












Financial Statements for the Year Ended 28 February 2023

for

AWFABMECH LTD

AWFABMECH LTD (REGISTERED NUMBER: SC561799)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AWFABMECH LTD

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J A Warden





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC561799 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

AWFABMECH LTD (REGISTERED NUMBER: SC561799)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,312 7,067

CURRENT ASSETS
Debtors 5 7,482 1,463
Cash at bank 33,534 14,404
41,016 15,867
CREDITORS
Amounts falling due within one year 6 19,470 13,402
NET CURRENT ASSETS 21,546 2,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,858

9,532

PROVISIONS FOR LIABILITIES 1,009 1,343
NET ASSETS 25,849 8,189

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,847 8,187
SHAREHOLDERS' FUNDS 25,849 8,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

AWFABMECH LTD (REGISTERED NUMBER: SC561799)

Balance Sheet - continued
28 February 2023


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2023 and were signed by:





J A Warden - Director


AWFABMECH LTD (REGISTERED NUMBER: SC561799)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

AWFABMECH LTD is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

AWFABMECH LTD (REGISTERED NUMBER: SC561799)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 9,318 7,674 16,992
DEPRECIATION
At 1 March 2022 3,480 6,445 9,925
Charge for year 1,448 307 1,755
At 28 February 2023 4,928 6,752 11,680
NET BOOK VALUE
At 28 February 2023 4,390 922 5,312
At 28 February 2022 5,838 1,229 7,067

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 7,674
DEPRECIATION
At 1 March 2022 6,445
Charge for year 307
At 28 February 2023 6,752
NET BOOK VALUE
At 28 February 2023 922
At 28 February 2022 1,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,482 1,463

AWFABMECH LTD (REGISTERED NUMBER: SC561799)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 768 297
Taxation and social security 8,676 1,805
Other creditors 10,026 11,300
19,470 13,402

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £2,000) were paid to the director .

The company was under control of J A Warden throughout the current and previous year.

During the year the company repaid the director net amounts totalling £1,659 As at 28 February 2023 included within other creditors is a balance outstanding due to the director of £9,011 (2022 - £10,670). No interest was paid on the funds advanced to the company.