AWD Rail Services Ltd


FINANCIAL STATEMENTS


for the year ended 29th February 2024



AWD Rail Services Ltd

CONTENTS

for the year ended 29th February 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

AWD Rail Services Ltd

Company No. 08459986

STATEMENT OF FINANCIAL POSITION

as at 29th February 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4478638
478638
CURRENT ASSETS
Debtors5787921585
Cash at bank and in hand3317250
1119621835
CURRENT LIABILITIES
Creditors: amounts falling due
within one year61137222090
NET CURRENT LIABILITIES(176)(255)
TOTAL ASSETS LESS CURRENT LIABILITIES302383
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS302383
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings202283
SHAREHOLDERS FUNDS302383

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 29th February 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 27 March 2024


A W Darling

Director

Company Number 08459986 (England)

AWD Rail Services Ltd

NOTES TO THE ACCOUNTS

for the year ended 29th February 2024


1   Statutory information

AWD Rail Services Ltd is a private company limited by shares and registered under company number 08459986 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent. DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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:

Plant, machinery and vehicles25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2 (2023 - 2).

4   Property, plant and equipment
 
Fixtures
and
FittingsTotal
££
Cost
At 1st March 2023 and
At 29th February 202434283428
 
Depreciation
At 1st March 2023 27902790
Charge for year160160
At 29th February 202429502950
 
Net Book Value
At 29th February 2024478478
At 28th February 2023638638

5   Debtors20242023
££
 
Other debtors787921585
787921585

6   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts748410778
Corporation tax23642186
Taxes and social security costs398-
Other creditors11269126
1137222090

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