Company Registration No. 09068566 (England and Wales)
AWE CONTRACTORS LTD
Unaudited accounts
for the year ended 30 June 2024
AWE CONTRACTORS LTD
Unaudited accounts
Contents
AWE CONTRACTORS LTD
Company Information
for the year ended 30 June 2024
Directors
Paul Terence Colley
Alex Paul Whitfield
Tracey Maria Whitfield
Company Number
09068566 (England and Wales)
Registered Office
Hursley Campus
Hursley Park Road
Hursley
Winchester
Hampshire
SO21 2JN
United Kingdom
Accountants
TBT Accountancy Ltd
Hursley Campus
Hursley Park Road
Hursley
Winchester
Hampshire
SO21 2JN
AWE CONTRACTORS LTD
Statement of financial position
as at 30 June 2024
Tangible assets
13,575
18,100
Cash at bank and in hand
243,568
62,598
Creditors: amounts falling due within one year
(169,599)
(153,385)
Net current assets
179,767
92,678
Total assets less current liabilities
193,343
110,779
Creditors: amounts falling due after more than one year
(37,938)
(54,172)
Provisions for liabilities
Deferred tax
(2,579)
(3,439)
Called up share capital
300
300
Profit and loss account
152,526
52,868
Shareholders' funds
152,826
53,168
For the year ending 30 June 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 16 September 2024 and were signed on its behalf by
Tracey Maria Whitfield
Director
Company Registration No. 09068566
AWE CONTRACTORS LTD
Notes to the Accounts
for the year ended 30 June 2024
AWE CONTRACTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 09068566. The registered office is Hursley Campus, Hursley Park Road, Hursley, Winchester, Hampshire, SO21 2JN, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
AWE CONTRACTORS LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
5,000
48,122
379
2,719
56,220
At 30 June 2024
5,000
48,122
379
2,719
56,220
At 1 July 2023
4,625
31,149
379
1,967
38,120
Charge for the year
94
4,243
-
188
4,525
At 30 June 2024
4,719
35,392
379
2,155
42,645
At 30 June 2024
281
12,730
-
564
13,575
At 30 June 2023
375
16,973
-
752
18,100
5
Investments
Subsidiary undertakings
Valuation at 1 July 2023
1
Valuation at 30 June 2024
1
Details of the company's subsidiaries as at 28 February 2024 are as follows:
AWE Investments Limited, England and Wales, Ordinary shares
The aggregate capital and reserves of the subsidiaries noted above was as follows:
AWE Investments Limited, (£5,179)
The result for the year of the subsidiaries was as follows:
AWE Investments Limited, (£5,180)
The subsidiary has an accounting year end of 28th February. The results presented above are for the year ended 28th February 2024.
Amounts falling due within one year
Trade debtors
4,020
88,738
Accrued income and prepayments
9,488
7,432
Other debtors
92,290
87,295
AWE CONTRACTORS LTD
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,934
10,934
Trade creditors
60,973
6,400
Taxes and social security
76,378
42,663
Loans from directors
-
1,205
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan
733
96,336
97,069
-
Director loan
236
53,366
53,602
-
Director loan
236
53,366
53,602
-
These loans are included within current liabilities.
Director loans to the company are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).