Company registration number 01730319 (England and Wales)
ABWOOD MACHINE TOOLS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ABWOOD MACHINE TOOLS LIMITED
COMPANY INFORMATION
Directors
C P Nicholas
R W Nicholas
Secretary
Mrs M I Wright
Company number
01730319
Registered office
615/623 Princes Road
Dartford
Kent
DA2 6DY
Accountants
Perrys Accountants Limited
Chartered Accountants
The Square
Wrotham
Sevenoaks
Kent
TN15 7AA
ABWOOD MACHINE TOOLS LIMITED
CONTENTS
Page
Directors' report
1
Statement of income and retained earnings
2
Balance sheet
3
Notes to the financial statements
4
Accountants' report
5
ABWOOD MACHINE TOOLS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2023.
Principal activities
The principal activity of the company in the year under review was that of holding company.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
C P Nicholas
R W Nicholas
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
R W Nicholas
Director
26 September 2024
ABWOOD MACHINE TOOLS LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
The company has not traded during the current or preceding year. It received no income and incurred no expenditure, and therefore made neither profit nor loss.
ABWOOD MACHINE TOOLS LIMITED (REGISTERED NUMBER: 01730319)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
80,000
80,000
Net current assets
80,000
80,000
Capital and reserves
-
-
Called up share capital
80,000
80,000
Total equity
80,000
80,000
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 September 2024 and are signed on its behalf by:
R W Nicholas
Director
ABWOOD MACHINE TOOLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information
Abwood Machine Tools Limited is a private company limited by shares incorporated in England and Wales. The registered office is 615/623,Princes Road, Dartford, Kent, DA2 6DY
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
80,000
80,000
4
Related party transactions
As at the balance sheet date an amount of £80,000 was owed by related parties.
ABWOOD MACHINE TOOLS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ABWOOD MACHINE TOOLS LIMITED FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abwood Machine Tools Limited for the year ended 31 December 2023 which comprise the statement of income and retained earnings, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Abwood Machine Tools Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Abwood Machine Tools Limited and state those matters that we have agreed to state to the board of directors of Abwood Machine Tools Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abwood Machine Tools Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Abwood Machine Tools Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Abwood Machine Tools Limited. You consider that Abwood Machine Tools Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Abwood Machine Tools Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Perrys Accountants Limited
Chartered Accountants
The Square
Wrotham
Sevenoaks
Kent
TN15 7AA
26 September 2024