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REGISTERED NUMBER: 08950686 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

CW ENGINEERING (DEVON) LIMITED

CW ENGINEERING (DEVON) LIMITED (REGISTERED NUMBER: 08950686)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CW ENGINEERING (DEVON) LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C Winzer





SECRETARY:





REGISTERED OFFICE: Quayside House
Higland Terrace
Barrington Street
Tiverton
Devon
EX16 6PT





REGISTERED NUMBER: 08950686 (England and Wales)





ACCOUNTANT: Withers Steele Chartered Accountants
6 Oaklands Court
TIVERTON
Devon
EX16 6TG

CW ENGINEERING (DEVON) LIMITED (REGISTERED NUMBER: 08950686)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 596,009 461,087

CURRENT ASSETS
Inventories 240,457 10,000
Debtors 5 332,189 275,892
572,646 285,892
CREDITORS
Amounts falling due within one year 6 (495,331 ) (339,240 )
NET CURRENT ASSETS/(LIABILITIES) 77,315 (53,348 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

673,324

407,739

CREDITORS
Amounts falling due after more than one
year

7

(156,879

)

(116,434

)

PROVISIONS FOR LIABILITIES 8 (139,256 ) (80,711 )
NET ASSETS 377,189 210,594

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 377,188 210,593
377,189 210,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CW ENGINEERING (DEVON) LIMITED (REGISTERED NUMBER: 08950686)

Balance Sheet - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





C Winzer - Director


CW ENGINEERING (DEVON) LIMITED (REGISTERED NUMBER: 08950686)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

CW Engineering (Devon) 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.

Turnover
Revenue 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CW ENGINEERING (DEVON) LIMITED (REGISTERED NUMBER: 08950686)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 - 1,130,834 1,130,834
Additions 2,695 248,885 251,580
Disposals - (93,550 ) (93,550 )
At 31 March 2024 2,695 1,286,169 1,288,864
DEPRECIATION
At 1 April 2023 - 669,747 669,747
Charge for year - 89,045 89,045
Eliminated on disposal - (65,937 ) (65,937 )
At 31 March 2024 - 692,855 692,855
NET BOOK VALUE
At 31 March 2024 2,695 593,314 596,009
At 31 March 2023 - 461,087 461,087

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 286,127 273,734
Other debtors 45,551 2,158
331,678 275,892

Amounts falling due after more than one year:
Other debtors 511 -

Aggregate amounts 332,189 275,892

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 32,426 19,516
Hire purchase contracts 103,802 68,851
Trade creditors 233,014 202,758
Taxation and social security 38,308 45,415
Other creditors 87,781 2,700
495,331 339,240

CW ENGINEERING (DEVON) LIMITED (REGISTERED NUMBER: 08950686)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 145,212 94,767
156,879 116,434

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 139,256 80,711

Deferred
tax
£   
Balance at 1 April 2023 80,711
Provided during year 58,545
Balance at 31 March 2024 139,256