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REGISTERED NUMBER: 03307075 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AWI OUTSOURCING LIMITED

AWI OUTSOURCING LIMITED (REGISTERED NUMBER: 03307075)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 5


AWI OUTSOURCING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: TG Goldberg
G G Tulloch





REGISTERED OFFICE: Suite 11, Brook House
Brook Street
Driffield
East Yorkshire
YO25 6QP





REGISTERED NUMBER: 03307075 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

AWI OUTSOURCING LIMITED (REGISTERED NUMBER: 03307075)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Notes £    £   

TURNOVER 141,751 292,796

Cost of sales 101,309 237,377
GROSS PROFIT 40,442 55,419

Administrative expenses 47,704 53,454
(7,262 ) 1,965

Gain/loss on revaluation of investments - (311,931 )
OPERATING LOSS and
LOSS BEFORE TAXATION (7,262 ) (309,966 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (7,262 ) (309,966 )

AWI OUTSOURCING LIMITED (REGISTERED NUMBER: 03307075)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 102 282
Investments 6 1,173,829 1,173,829
1,173,931 1,174,111

CURRENT ASSETS
Debtors 7 2,389 2,169
Cash at bank and in hand 108,042 80,702
110,431 82,871
CREDITORS
Amounts falling due within one year 8 95,821 54,775
NET CURRENT ASSETS 14,610 28,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,188,541

1,202,207

PROVISIONS FOR LIABILITIES - 4,405
NET ASSETS 1,188,541 1,197,802

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,188,531 1,197,792
SHAREHOLDERS' FUNDS 1,188,541 1,197,802

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.

AWI OUTSOURCING LIMITED (REGISTERED NUMBER: 03307075)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered 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 28 June 2024 and were signed on its behalf by:





G G Tulloch - Director


AWI OUTSOURCING LIMITED (REGISTERED NUMBER: 03307075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

AWI Outsourcing Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING LOSS

The operating loss is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 180 978

AWI OUTSOURCING LIMITED (REGISTERED NUMBER: 03307075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 569 9,410 9,979
DEPRECIATION
At 1 January 2023 434 9,263 9,697
Charge for year 34 146 180
At 31 December 2023 468 9,409 9,877
NET BOOK VALUE
At 31 December 2023 101 1 102
At 31 December 2022 135 147 282

6. FIXED ASSET INVESTMENTS
Interest
in Other
associates investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 690 1,173,139 1,173,829
NET BOOK VALUE
At 31 December 2023 690 1,173,139 1,173,829
At 31 December 2022 690 1,173,139 1,173,829

Cost or valuation at 31 December 2023 is represented by:

Interest
in Other
associates investments Totals
£    £    £   
Valuation in 2023 690 1,173,139 1,173,829

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated companies

The Salford Valve Company Limited
Registered office: Unit 11, Escrick Business Park, Escrick, York, YO19 6FD
Nature of business: Valve manufacture and distribution
%
Class of shares: holding
Ordinary "A" 12.96

AWI OUTSOURCING LIMITED (REGISTERED NUMBER: 03307075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS - continued

Plasvalco Limited
Registered office: Suite 11, Brook House, Brook Street, Driffield, East Yorkshire, YO25 6QP
Nature of business: Valve manufacture and distribution
%
Class of shares: holding
Ordinary 50.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,160 2,160
Other debtors 229 9
2,389 2,169

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,825 2,095
Amounts owed to group undertakings 85,762 40,265
Taxation and social security - 692
Other creditors 8,234 11,723
95,821 54,775

9. RELATED PARTY DISCLOSURES

The associated company is called The Salford Valve Company Limited, which is 12.96% owned by AWI Outsourcing Limited.