Company Registration No. 07179541 (England and Wales)
A.W.E. and Sons Limited
Unaudited accounts
for the year ended 31 March 2024
A.W.E. and Sons Limited
Unaudited accounts
Contents
A.W.E. and Sons Limited
Company Information
for the year ended 31 March 2024
Directors
Mr A Winstanley
Mr D Winstanley
Company Number
07179541 (England and Wales)
Registered Office
1 Stable Court Business Centre
Water Lane Farm
Tarbock Green
Merseyside
L35 1RD
Accountants
Invictus Accountancy Services Limited
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
A.W.E. and Sons Limited
Statement of financial position
as at 31 March 2024
Tangible assets
12,644
155
Cash at bank and in hand
19,065
52,608
Creditors: amounts falling due within one year
(44,723)
(54,326)
Net current assets
30,216
52,000
Total assets less current liabilities
42,860
52,155
Creditors: amounts falling due after more than one year
(14,463)
(26,717)
Called up share capital
10
10
Profit and loss account
28,387
25,428
Shareholders' funds
28,397
25,438
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
Mr A Winstanley
Director
Company Registration No. 07179541
A.W.E. and Sons Limited
Notes to the Accounts
for the year ended 31 March 2024
A.W.E. and Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 07179541. The registered office is 1 Stable Court Business Centre, Water Lane Farm, Tarbock Green, Merseyside, L35 1RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
A.W.E. and Sons Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
3,449
18,795
22,244
At 31 March 2024
3,449
35,652
39,101
At 1 April 2023
3,294
18,795
22,089
Charge for the year
154
4,214
4,368
At 31 March 2024
3,448
23,009
26,457
At 31 March 2024
1
12,643
12,644
At 31 March 2023
155
-
155
Amounts falling due within one year
Accrued income and prepayments
44,740
53,718
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,484
-
Obligations under finance leases and hire purchase contracts
2,538
-
Taxes and social security
5,388
34,022
Loans from directors
30
575
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,885
-
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
A.W.E. and Sons Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).