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Registered number: 04002193

AWE Newtech Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024

Prepared By:
David Jeffreys Limited
First Floor
4 Princes Street
Huntingdon
Cambs.
PE29 3PA

AWE Newtech Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
C W Bark
D J Khorshid
M C Khorshid
REGISTERED OFFICE
Unit 4-5 Rose & Riley Yard Brunel Drive
Northern Road Industrial Estate
Newark
Nottinghamshire
NG24 2DE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04002193
ACCOUNTANTS
David Jeffreys Limited
First Floor
4 Princes Street
Huntingdon
Cambs.
PE29 3PA

AWE Newtech Limited

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

AWE Newtech Limited

BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Intangible assets311
CURRENT ASSETS
Stock109,517317,250
Debtors6743,044908,399
Cash at bank and in hand330,903190,041
1,183,4641,415,690
CREDITORS: Amounts falling due within one year780,845596,376
NET CURRENT ASSETS1,102,619819,314
TOTAL ASSETS LESS CURRENT LIABILITIES1,102,620819,315
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account1,102,618819,313
SHAREHOLDERS' FUNDS1,102,620819,315
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/07/2025 and signed on their behalf by
.............................
C W Bark
Director

AWE Newtech Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery - 20% on cost and 20% on reducing balance ; Fixtures and fittings - 15% on reducing balance; Motor vehicles 25% on reducing balance
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

AWE Newtech Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees44
3. INTANGIBLE FIXED ASSETS
Purchased
PatentsGoodwillTotal
£££
Cost
At 01/01/2024145,0001145,001
At 31/12/2024145,0001145,001
Depreciation
At 01/01/2024145,000-145,000
At 31/12/2024145,000-145,000
Net Book Amounts
At 31/12/2024-11
At 31/12/2023-11
4. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsMotor CarsTotal
££££
Cost
At 01/01/2024119,72729,5766,251155,554
At 31/12/2024119,72729,5766,251155,554
Depreciation
At 01/01/2024119,72729,5766,251155,554
At 31/12/2024119,72729,5766,251155,554
Net Book Amounts
At 31/12/2024----
5. STOCK 20242023
££
Stock comprises:
Work in progress109,517317,250
109,517317,250

AWE Newtech Limited

6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors733,916890,820
VAT9,12817,579
743,044908,399
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax62,8109,047
PAYE control4,0515,581
Trade creditors9,009100,787
Other creditors6912,250
Accruals4,2844,226
Deferred income-474,485
80,845596,376
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
9. CONTROLLING PARTY
The ultimate controlling party is Mr M C Khorshid.
10. RELATED PARTY TRANSACTIONS
During the year the company traded with Alliance Winding Equipment Inc, a company in which Mr D J Khorshid and Mr M C Khorshid, directors, have an interest. The transactions were sales of £26,000 (2023: £134,682) and purchases of £12,353 (2023: £87,053).