REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 28 April 2023 |
for |
AWS Heating Engineers Limited |
Trading as |
AWS Bathroom Design |
REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 28 April 2023 |
for |
AWS Heating Engineers Limited |
Trading as |
AWS Bathroom Design |
AWS Heating Engineers Limited (Registered number: 07997459) |
Trading as AWS Bathroom Design |
Contents of the Financial Statements |
For The Year Ended 28 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
AWS Heating Engineers Limited |
Trading as AWS Bathroom Design |
Company Information |
For The Year Ended 28 April 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Mill House |
58 Guildford Street |
Chertsey |
Surrey |
KT16 9BE |
AWS Heating Engineers Limited (Registered number: 07997459) |
Trading as AWS Bathroom Design |
Balance Sheet |
28 April 2023 |
28.4.23 | 28.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 |
SHAREHOLDERS' FUNDS |
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. |
AWS Heating Engineers Limited (Registered number: 07997459) |
Trading as AWS Bathroom Design |
Balance Sheet - continued |
28 April 2023 |
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 |
AWS Heating Engineers Limited (Registered number: 07997459) |
Trading as AWS Bathroom Design |
Notes to the Financial Statements |
For The Year Ended 28 April 2023 |
1. | STATUTORY INFORMATION |
AWS Heating Engineers Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and is recognised as goods and services are provided and it includes the relevant amount in respect of installation contracts which is appropriate to the stage of completion of each contract at the balance sheet date. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of businesses is capitalised at cost and amortised over its estimated useful life of ten years. |
Tangible fixed assets |
Showroom displays | - |
Motor vehicles | - |
Computer equipment | - |
Showroom displays are not depreciated after 2015 as they are continuously updated. Any sale proceeds obtained are included within turnover and usually exceed the cost previously capitalised. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
Taxation |
Taxation represents the sum of tax currently payable, and deferred tax if material. |
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
AWS Heating Engineers Limited (Registered number: 07997459) |
Trading as AWS Bathroom Design |
Notes to the Financial Statements - continued |
For The Year Ended 28 April 2023 |
2. | ACCOUNTING POLICIES - continued |
Debtors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
Cash at bank and in hand |
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
Creditors |
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 29 April 2022 |
and 28 April 2023 |
AMORTISATION |
At 29 April 2022 |
and 28 April 2023 |
NET BOOK VALUE |
At 28 April 2023 |
At 28 April 2022 |
AWS Heating Engineers Limited (Registered number: 07997459) |
Trading as AWS Bathroom Design |
Notes to the Financial Statements - continued |
For The Year Ended 28 April 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Showroom | and | Motor | Computer |
displays | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 29 April 2022 |
Additions |
At 28 April 2023 |
DEPRECIATION |
At 29 April 2022 |
Charge for year |
At 28 April 2023 |
NET BOOK VALUE |
At 28 April 2023 |
At 28 April 2022 |
6. | STOCKS |
28.4.23 | 28.4.22 |
£ | £ |
Stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.4.23 | 28.4.22 |
£ | £ |
Trade debtors |
Directors' current accounts | - | 74,220 |
Prepayments |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.4.23 | 28.4.22 |
£ | £ |
Bank loans and overdrafts |
Hire purchase | 7,463 | - |
Trade creditors |
Corporation tax |
Social security and other taxes |
VAT | 47,156 | 24,073 |
Other creditors |
Payments on account | 1,667 | 2,515 |
Directors' current accounts | 7,393 | - |
Accrued expenses |
AWS Heating Engineers Limited (Registered number: 07997459) |
Trading as AWS Bathroom Design |
Notes to the Financial Statements - continued |
For The Year Ended 28 April 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.4.23 | 28.4.22 |
£ | £ |
Bank loans |
Hire purchase | 27,266 | - |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.4.23 | 28.4.22 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
11. | RESERVES |
Retained |
earnings |
£ |
At 29 April 2022 |
Profit for the year |
Dividends | ( |
) |
At 28 April 2023 |
12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 28 April 2023 and 28 April 2022: |
28.4.23 | 28.4.22 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |