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REGISTERED NUMBER: 05724250 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AWG CONTRACTING LTD

AWG CONTRACTING LTD (REGISTERED NUMBER: 05724250)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AWG CONTRACTING LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: G A Wigmore





REGISTERED OFFICE: 2 Hayes Close
Kings Somborne
Stockbridge
Hampshire
SO20 6QF





REGISTERED NUMBER: 05724250 (England and Wales)





ACCOUNTANT: Richard Kyte Associates
Chartered Certified Accountant
126 Weyhill Road
Andover
Hampshire
SP10 3BE

AWG CONTRACTING LTD (REGISTERED NUMBER: 05724250)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 238,148 248,167

CURRENT ASSETS
Stocks 14,146 9,419
Debtors 5 4,167 6,247
Cash at bank 237,011 266,841
255,324 282,507
CREDITORS
Amounts falling due within one year 6 45,077 106,362
NET CURRENT ASSETS 210,247 176,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

448,395

424,312

PROVISIONS FOR LIABILITIES 7 1,880 3,655
NET ASSETS 446,515 420,657

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 446,514 420,656
SHAREHOLDERS' FUNDS 446,515 420,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 16 November 2023 and were signed by:





G A Wigmore - Director


AWG CONTRACTING LTD (REGISTERED NUMBER: 05724250)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

AWG Contracting Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 33% on cost
Fixture and Fittings - 15% on cost
Motor vehicles - 20% on 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 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.

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 4 (2022 - 4 ) .

AWG CONTRACTING LTD (REGISTERED NUMBER: 05724250)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixture
Freehold Plant and and
property machinery Fittings
£    £    £   
COST
At 1 April 2022 255,587 2,331 4,846
Additions 2,225 - -
At 31 March 2023 257,812 2,331 4,846
DEPRECIATION
At 1 April 2022 26,654 2,260 4,839
Charge for year 2,905 70 6
At 31 March 2023 29,559 2,330 4,845
NET BOOK VALUE
At 31 March 2023 228,253 1 1
At 31 March 2022 228,933 71 7

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 59,388 2,023 324,175
Additions - - 2,225
At 31 March 2023 59,388 2,023 326,400
DEPRECIATION
At 1 April 2022 41,583 672 76,008
Charge for year 8,595 668 12,244
At 31 March 2023 50,178 1,340 88,252
NET BOOK VALUE
At 31 March 2023 9,210 683 238,148
At 31 March 2022 17,805 1,351 248,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 480 -
VAT 2,048 4,638
Prepayments 1,639 1,609
4,167 6,247

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 15,011 19,254
Tax 9,459 19,167
Social security and other taxes 2,036 1,973
Other creditors - 10,814
Directors' current accounts 18,571 55,154
45,077 106,362

AWG CONTRACTING LTD (REGISTERED NUMBER: 05724250)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 1,880 3,655

Deferred
tax
£   
Balance at 1 April 2022 3,655
Credit to Income Statement during year (1,775 )
Balance at 31 March 2023 1,880

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2022 420,656
Profit for the year 29,858
Dividends (4,000 )
At 31 March 2023 446,514

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is G A Wigmore.

At the year end there was a balance of £18,571 due to the director.