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REGISTERED NUMBER: 10395255 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

ASW Engineering Services Ltd.

ASW Engineering Services Ltd. (Registered number: 10395255)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASW Engineering Services Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr A S Waters
Mrs S J Waters





SECRETARY: Mrs S J Waters





REGISTERED OFFICE: 7 Huskar Close
Silkstone
Barnsley
South Yorkshire
S75 4SX





REGISTERED NUMBER: 10395255 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

ASW Engineering Services Ltd. (Registered number: 10395255)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 7,337 2,151

CURRENT ASSETS
Debtors 6 23,063 16,854
Cash at bank 12,154 9,879
35,217 26,733
CREDITORS
Amounts falling due within one year 7 (23,011 ) (19,411 )
NET CURRENT ASSETS 12,206 7,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,543

9,473

PROVISIONS FOR LIABILITIES (544 ) (408 )
NET ASSETS 18,999 9,065

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 17,999 8,065
SHAREHOLDERS' FUNDS 18,999 9,065

ASW Engineering Services Ltd. (Registered number: 10395255)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





Mr A S Waters - Director


ASW Engineering Services Ltd. (Registered number: 10395255)

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

1. STATUTORY INFORMATION

ASW Engineering Services Ltd. 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on services provided during the year and derives from the provision of services falling within the company's ordinary activities. Turnover is recognised in the month the service is provided.

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 - 15% on cost straight line
Computer equipment - 25% on cost straight line

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ASW Engineering Services Ltd. (Registered number: 10395255)

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

3. ACCOUNTING POLICIES - continued

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.

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognized in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

During the period the company was in receipt of government support in the form of the Coronavirus Job Retention Scheme grants.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,056 - 4,206 5,262
Additions - 5,419 1,124 6,543
At 31 December 2023 1,056 5,419 5,330 11,805
DEPRECIATION
At 1 January 2023 316 - 2,795 3,111
Charge for year 158 448 751 1,357
At 31 December 2023 474 448 3,546 4,468
NET BOOK VALUE
At 31 December 2023 582 4,971 1,784 7,337
At 31 December 2022 740 - 1,411 2,151

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,063 16,745
Other debtors - 109
23,063 16,854

ASW Engineering Services Ltd. (Registered number: 10395255)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 20,300 16,503
Other creditors 2,711 2,908
23,011 19,411

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
750 A Ordinary £1 750 750
250 B Ordinary £1 250 250
1,000 1,000