Registered number
04891418
AW Read Limited
Filleted Accounts
30 September 2024
AW Read Limited
Registered number: 04891418
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 92,027 79,957
Current assets
Debtors 5 314,266 334,931
Cash at bank and in hand 231,794 258,916
546,060 593,847
Creditors: amounts falling due within one year 6 (163,956) (168,410)
Net current assets 382,104 425,437
Total assets less current liabilities 474,131 505,394
Creditors: amounts falling due after more than one year 7 (8,605) (19,312)
Net assets 465,526 486,082
Capital and reserves
Called up share capital 100 100
Profit and loss account 465,426 485,982
Shareholders' funds 465,526 486,082
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A W Read
Director
Approved by the board on 25 June 2025
AW Read Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 27,000
At 30 September 2024 27,000
Amortisation
At 1 October 2023 27,000
At 30 September 2024 27,000
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 203,465 269,061 472,526
Additions 8,524 32,245 40,769
At 30 September 2024 211,989 301,306 513,295
Depreciation
At 1 October 2023 158,422 234,147 392,569
Charge for the year 8,035 20,664 28,699
At 30 September 2024 166,457 254,811 421,268
Net book value
At 30 September 2024 45,532 46,495 92,027
At 30 September 2023 45,043 34,914 79,957
5 Debtors 2024 2023
£ £
Trade debtors 162,855 173,488
Amounts owed by group undertakings and undertakings in which the company has a participating interest 117,375 117,130
Other debtors 34,036 44,313
314,266 334,931
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,503 9,789
Trade creditors 88,556 87,919
Taxation and social security costs 44,907 48,230
Other creditors 20,990 22,472
163,956 168,410
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,605 19,312
8 Other information
AW Read Limited is a private company limited by shares and incorporated in England. Its registered office is:
47 Defford Close
Webheath
Redditch
Worcestershire
B97 5WR
AW Read Limited 04891418 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 A W Read No description of principal activity 04891418 2022-10-01 2023-09-30 04891418 core:WithinOneYear 2023-09-30 04891418 core:AfterOneYear 2023-09-30 04891418 core:ShareCapital 2023-09-30 04891418 core:RetainedEarningsAccumulatedLosses 2023-09-30 04891418 2023-10-01 2024-09-30 04891418 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04891418 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04891418 bus:Director40 2023-10-01 2024-09-30 04891418 1 2023-10-01 2024-09-30 04891418 2 2023-10-01 2024-09-30 04891418 core:PlantMachinery 2023-10-01 2024-09-30 04891418 core:Vehicles 2023-10-01 2024-09-30 04891418 countries:England 2023-10-01 2024-09-30 04891418 bus:FRS102 2023-10-01 2024-09-30 04891418 bus:FilletedAccounts 2023-10-01 2024-09-30 04891418 2024-09-30 04891418 core:WithinOneYear 2024-09-30 04891418 core:AfterOneYear 2024-09-30 04891418 core:ShareCapital 2024-09-30 04891418 core:RetainedEarningsAccumulatedLosses 2024-09-30 04891418 core:Goodwill 2024-09-30 04891418 core:PlantMachinery 2024-09-30 04891418 core:Vehicles 2024-09-30 04891418 2023-09-30 04891418 core:Goodwill 2023-09-30 04891418 core:PlantMachinery 2023-09-30 04891418 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure