REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
AWH ACQUISITION CORP LTD |
TRADING AS |
CARTWRIGHT KING |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
AWH ACQUISITION CORP LTD |
TRADING AS |
CARTWRIGHT KING |
AWH ACQUISITION CORP LTD (REGISTERED NUMBER: 12450173) |
TRADING AS CARTWRIGHT KING |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
AWH ACQUISITION CORP LTD (REGISTERED NUMBER: 12450173) |
TRADING AS CARTWRIGHT KING |
BALANCE SHEET |
30 SEPTEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 | ( |
) |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
AWH ACQUISITION CORP LTD (REGISTERED NUMBER: 12450173) |
TRADING AS CARTWRIGHT KING |
BALANCE SHEET - continued |
30 SEPTEMBER 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 Board of Directors and authorised for issue on |
AWH ACQUISITION CORP LTD (REGISTERED NUMBER: 12450173) |
TRADING AS CARTWRIGHT KING |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
1. | Statutory information |
Awh Acquisition Corp Ltd is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Fees receivable represents the fair value of consideration due in respect of services provided to clients as at the balance sheet date, except where the firm's entitlement to consideration is contingent upon a future event or the time cost is not expected to be recoverable in a bill. Fees receivable are shown net of VAT. Where the ability to recover fees on a matter is non-contingent, fees receivable are recognised on the basis of stage of completion and are valued at the amount expected to be billed in respect of that time. |
In respect of contingent matters, where the company's right to consideration does not arise until after the occurrence of a critical event outside firms' control, revenue is not recognised until that event occurs and until such time as it can be reliably estimated. |
Other income - Other income includes bank interest as income recognition. Revenue from bank interest is recognised when interest been credited in the bank account. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
AWH ACQUISITION CORP LTD (REGISTERED NUMBER: 12450173) |
TRADING AS CARTWRIGHT KING |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
2. | Accounting policies - continued |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. |
At each balance sheet date, the company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. |
Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately. |
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. |
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. |
AWH ACQUISITION CORP LTD (REGISTERED NUMBER: 12450173) |
TRADING AS CARTWRIGHT KING |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
2. | Accounting policies - continued |
Trade debtors |
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment. |
Cash and cash equivalents |
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. |
Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Patents |
and |
licences |
£ |
Cost |
Additions |
At 30 September 2023 |
Amortisation |
Amortisation for year |
At 30 September 2023 |
Net book value |
At 30 September 2023 |
AWH ACQUISITION CORP LTD (REGISTERED NUMBER: 12450173) |
TRADING AS CARTWRIGHT KING |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
5. | Tangible fixed assets |
Fixtures |
and |
fittings |
£ |
Cost |
Additions |
At 30 September 2023 |
Depreciation |
Charge for year |
At 30 September 2023 |
Net book value |
At 30 September 2023 |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Related party disclosures |
AWH Real Estates Ltd is related to AWH Acquisition Corp Ltd because these companies are under common control. At 30 September 2023, the company is owed £133,607 to AWH Real Estates Ltd and are classified as other creditors due within one year. |
9. | Ultimate controlling party |
The company is ultimately controlled by AWH Acquisition Holdings Ltd. AWH Acquisition Holdings Ltd is the parent company of AWH Acquisition Corp Ltd. AWH Acquisition Holdings Ltd is a company registered in England and Wales, company number - 14516671. |