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REGISTERED NUMBER: 02296551 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

AVW Fabrications Limited

AVW Fabrications Limited (Registered number: 02296551)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVW Fabrications Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S M Smith
Mrs E K Smith





REGISTERED OFFICE: 4 Elland Road
Braunstone Frith Industrial Estate
Leicester
Leicestershire
LE3 1TU





REGISTERED NUMBER: 02296551 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

AVW Fabrications Limited (Registered number: 02296551)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,712 49,627

CURRENT ASSETS
Stocks 116,024 167,711
Debtors 5 134,427 98,751
Cash at bank and in hand 61,974 63,165
312,425 329,627
CREDITORS
Amounts falling due within one year 6 139,202 190,708
NET CURRENT ASSETS 173,223 138,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,935

188,546

PROVISIONS FOR LIABILITIES 10,178 12,407
NET ASSETS 203,757 176,139

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 202,657 175,039
203,757 176,139

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:





Mrs E K Smith - Director


AVW Fabrications Limited (Registered number: 02296551)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

AVW Fabrications Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest Pound (£).

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

Government grants
Government grants are amortised in line with the estimated useful life of the associated asset.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AVW Fabrications Limited (Registered number: 02296551)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 83,800 6,000 89,800
DEPRECIATION
At 1 January 2023 36,313 3,860 40,173
Charge for year 8,380 535 8,915
At 31 December 2023 44,693 4,395 49,088
NET BOOK VALUE
At 31 December 2023 39,107 1,605 40,712
At 31 December 2022 47,487 2,140 49,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 107,194 78,330
Other debtors 27,233 20,421
134,427 98,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 68,707 35,864
Amounts owed to group undertakings - 90,000
Taxation and social security 47,098 37,735
Other creditors 23,397 27,109
139,202 190,708

7. SECURITY

There are fixed and floating charges and a negative pledge over the company's leasehold property and assets. A copy of the charge is filed at Companies House.

8. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking and controlling party is S & E Group Management Limited, which prepares group financial statements. The registered office of S & E Group Management Limited is 4 Elland Road, Braunstone Frith Industrial Estate, Leicester LE3 1TU.