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REGISTERED NUMBER: 10207332 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

AINSWORTH & WOODCOCK ENGINEERING LTD

AINSWORTH & WOODCOCK ENGINEERING LTD (REGISTERED NUMBER: 10207332)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AINSWORTH & WOODCOCK ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr N Griffiths





REGISTERED OFFICE: Units 7 and 8 Raymond Close,
Wollaston Industrial Estate
Wollaston
Northamptonshire
NN29 7RG





REGISTERED NUMBER: 10207332 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

AINSWORTH & WOODCOCK ENGINEERING LTD (REGISTERED NUMBER: 10207332)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 213,057 210,614
213,057 210,614

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 5 148,889 192,043
Cash at bank and in hand 65,981 116,842
264,870 358,885
CREDITORS
Amounts falling due within one year 6 311,532 322,036
NET CURRENT (LIABILITIES)/ASSETS (46,662 ) 36,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,395

247,463

CREDITORS
Amounts falling due after more than one
year

7

(19,027

)

(51,064

)

PROVISIONS FOR LIABILITIES (22,044 ) (40,017 )
NET ASSETS 125,324 156,382

CAPITAL AND RESERVES
Called up share capital 8 60 60
Capital redemption reserve 40 40
Retained earnings 125,224 156,282
SHAREHOLDERS' FUNDS 125,324 156,382

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

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

AINSWORTH & WOODCOCK ENGINEERING LTD (REGISTERED NUMBER: 10207332)

BALANCE SHEET - continued
31 AUGUST 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 13 February 2025 and were signed by:





Mr N Griffiths - Director


AINSWORTH & WOODCOCK ENGINEERING LTD (REGISTERED NUMBER: 10207332)

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


1. 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
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.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

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.

AINSWORTH & WOODCOCK ENGINEERING LTD (REGISTERED NUMBER: 10207332)

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


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 15 ) .

3. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
At 1 September 2023
and 31 August 2024 370
AMORTISATION
At 1 September 2023
and 31 August 2024 370
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 September 2023 339,367 6,200 27,507 6,749 379,823
Additions 43,507 - - 1,036 44,543
At 31 August 2024 382,874 6,200 27,507 7,785 424,366
DEPRECIATION
At 1 September 2023 147,764 5,563 12,034 3,848 169,209
Charge for year 36,717 162 3,869 1,352 42,100
At 31 August 2024 184,481 5,725 15,903 5,200 211,309
NET BOOK VALUE
At 31 August 2024 198,393 475 11,604 2,585 213,057
At 31 August 2023 191,603 637 15,473 2,901 210,614

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 124,979 173,918
Prepayments 23,910 18,125
148,889 192,043

AINSWORTH & WOODCOCK ENGINEERING LTD (REGISTERED NUMBER: 10207332)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 32,516 31,559
Trade creditors 152,685 110,892
Amounts owed to group undertakings 95,774 110,774
Tax - 6,497
Social security and other taxes 7,578 11,190
VAT 22,491 35,022
Other creditors 488 15,402
Net wages Payable - 700
311,532 322,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 19,027 51,064

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
60 Ordinary 1 60 60

9. RELATED PARTY TRANSACTIONS

At the balance sheet date the company owed £95,774 (2023: £110,774) to BF Bassett & Findley Ltd, a company which is under common control.