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REGISTERED NUMBER: 01490331 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

F A W LIMITED

F A W LIMITED (REGISTERED NUMBER: 01490331)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F A W LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: I Wilkinson
F A Wilkinson





SECRETARY: I Wilkinson





REGISTERED OFFICE: 69 Foljambe Avenue
Walton
Chesterfield
Derbyshire
S40 3EY





REGISTERED NUMBER: 01490331 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

F A W LIMITED (REGISTERED NUMBER: 01490331)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,290 68,008
Investment property 5 1,575,565 1,575,565
1,628,855 1,643,573

CURRENT ASSETS
Stocks 697,924 694,823
Debtors 6 30,117 30,509
Cash at bank 78,548 86,552
806,589 811,884
CREDITORS
Amounts falling due within one year 7 690,974 735,829
NET CURRENT ASSETS 115,615 76,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,744,470

1,719,628

PROVISIONS FOR LIABILITIES 33,618 36,562
NET ASSETS 1,710,852 1,683,066

CAPITAL AND RESERVES
Called up share capital 80 80
Capital redemption reserve 20 20
Retained earnings 1,710,752 1,682,966
SHAREHOLDERS' FUNDS 1,710,852 1,683,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

F A W LIMITED (REGISTERED NUMBER: 01490331)

BALANCE SHEET - continued
31 MARCH 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





I Wilkinson - Director


F A W LIMITED (REGISTERED NUMBER: 01490331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

F A W 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.

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 on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset Class Depreciation method and rate
Fixtures and fittings 15% on reducing balance
Motor Vehicles20% on reducing balance
Computer equipment 33.3% on straight line basis

Investment property
Investment property is shown at fair value at each reporting date with changes in fair value recognised in profit or loss .

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


F A W LIMITED (REGISTERED NUMBER: 01490331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 17,486 81,395 37,381 136,262
DEPRECIATION
At 1 April 2024 11,616 24,418 32,220 68,254
Charge for year 880 11,395 2,443 14,718
At 31 March 2025 12,496 35,813 34,663 82,972
NET BOOK VALUE
At 31 March 2025 4,990 45,582 2,718 53,290
At 31 March 2024 5,870 56,977 5,161 68,008

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,575,565
NET BOOK VALUE
At 31 March 2025 1,575,565
At 31 March 2024 1,575,565

Investment property was valued on a fair value basis on 31 March 2025 by the directors who are internal to the company. At the year end the fair value was £1,575,565 (2024 - £1,575,565).

If the investment property had not been revalued it would have been included at historical cost of £737,318 (2024 - £737,318). The depreciation on this historical cost was £nil (2024 - £nil).

F A W LIMITED (REGISTERED NUMBER: 01490331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 9,897 26,568
Other debtors 20,220 3,941
30,117 30,509

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 5,894 3,995
Corporation tax 19,968 20,829
Social security and other taxes 5,185 5,483
VAT 1,916 8,585
Directors' current accounts 592,824 625,504
Accruals and deferred income 65,187 71,433
690,974 735,829