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REGISTERED NUMBER: 11519215 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ADW - SOUTH WEST LIMITED

ADW - SOUTH WEST LIMITED (REGISTERED NUMBER: 11519215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADW - SOUTH WEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: A Webb





SECRETARY: A Webb





REGISTERED OFFICE: 18 Thomas Street
Taunton
Somerset
TA2 6HB





REGISTERED NUMBER: 11519215 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

ADW - SOUTH WEST LIMITED (REGISTERED NUMBER: 11519215)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,341 11,707
Tangible assets 5 662 1,143
3,003 12,850

CURRENT ASSETS
Debtors 6 184,845 204,328
Cash at bank 82,344 35,684
267,189 240,012
CREDITORS
Amounts falling due within one year 7 288,701 226,833
NET CURRENT (LIABILITIES)/ASSETS (21,512 ) 13,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,509

)

26,029

CREDITORS
Amounts falling due after more than one
year

8

(113,972

)

(14,801

)

PROVISIONS FOR LIABILITIES (165 ) (441 )
NET (LIABILITIES)/ASSETS (132,646 ) 10,787

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (132,647 ) 10,786
(132,646 ) 10,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

ADW - SOUTH WEST LIMITED (REGISTERED NUMBER: 11519215)

BALANCE SHEET - continued
31 JANUARY 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 31 January 2025 and were signed by:





A Webb - Director


ADW - SOUTH WEST LIMITED (REGISTERED NUMBER: 11519215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

ADW - South West 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The director has assessed the company's future projections and cash flow forecasts and believe that the going concern basis of preparation remains appropriate.

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

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.

Franchise fee - straight line over 5 years

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% straight line basis

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.


ADW - SOUTH WEST LIMITED (REGISTERED NUMBER: 11519215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 169 (2023 - 72 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 46,829
AMORTISATION
At 1 February 2023 35,122
Charge for year 9,366
At 31 January 2024 44,488
NET BOOK VALUE
At 31 January 2024 2,341
At 31 January 2023 11,707

ADW - SOUTH WEST LIMITED (REGISTERED NUMBER: 11519215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 2,875
Additions 269
At 31 January 2024 3,144
DEPRECIATION
At 1 February 2023 1,732
Charge for year 750
At 31 January 2024 2,482
NET BOOK VALUE
At 31 January 2024 662
At 31 January 2023 1,143

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 183,587 202,888
Other debtors 760 730
184,347 203,618

Amounts falling due after more than one year:
Other debtors 498 710

Aggregate amounts 184,845 204,328

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 125,304 115,370
Trade creditors - 26,187
Taxation and social security 95,783 31,494
Other creditors 67,614 53,782
288,701 226,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 113,972 14,801

ADW - SOUTH WEST LIMITED (REGISTERED NUMBER: 11519215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. RELATED PARTY TRANSACTIONS

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to it's shareholders.

10. GOING CONCERN

The company and the director are committed to finding a viable solution to support the company's
trading in the future, and on that basis the company is considered a going concern.