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Registered number: 03130889

P.W.F. Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
CES Accountants
105 Green Rock Lane
Walsall
West Midlands
WS3 1NQ

P.W.F. Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Mr L A R Smith
Mr R J Smith
REGISTERED OFFICE
Unit 1 & 2 Addenbrooke Street
Wednesbury
West Midlands
WS10 8HH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03130889
ACCOUNTANTS
CES Accountants
105 Green Rock Lane
Walsall
West Midlands
WS3 1NQ

P.W.F. Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

P.W.F. Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3391459
CURRENT ASSETS
Stock42,02514,500
Debtors555,11697,666
Cash at bank and in hand715,987
97,212118,153
CREDITORS: Amounts falling due within one year6109,705152,298
NET CURRENT LIABILITIES(12,493)(34,145)
TOTAL ASSETS LESS CURRENT LIABILITIES(12,102)(33,686)
CAPITAL AND RESERVES
Called up share capital7101101
Profit and loss account(12,203)(33,787)
SHAREHOLDERS' FUNDS(12,102)(33,686)
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/03/2024 and signed on their behalf by
.............................
Mr R J Smith
Director
.............................
Mr L A R Smith
Director

P.W.F. Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery %
Fixtures and Fittings %
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees22

P.W.F. Limited

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/01/202312,6244,48017,104
At 31/12/202312,6244,48017,104
Depreciation
At 01/01/202312,2604,38516,645
For the year541468
At 31/12/202312,3144,39916,713
Net Book Amounts
At 31/12/202331081391
At 31/12/202236495459
4. STOCK 20232022
££
Stock comprises:
Stock16,27514,500
Work in progress25,750-
42,02514,500
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors6,98729,759
VAT-555
Other debtors48,12963,329
Prepayments-491
Directors current account - Mr L A R Smith-3,532
55,11697,666

P.W.F. Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT950-
PAYE control2,3522,356
Salaries and wages control-11,917
Directors current account - Mr R J Smith19,71620,000
Bank loans and overdrafts10,238-
Bank Loan29,92139,688
Trade creditors19,45940,144
Other creditors22,73534,935
Pension schemes170-
Accruals4,1643,258
109,705152,298
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
101 Ordinary shares of £1 each101101
101101