REGISTERED NUMBER: 04725676 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

A.W. Engineering (Hereford) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A W Watkins

REGISTERED OFFICE:

Stoney Street

Madley

Hereford

Herefordshire

HR2 9NQ

REGISTERED NUMBER:

04725676 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Intangible assets

4

190,000

200,000

Tangible assets

5

286,470

278,134

476,470

478,134

CURRENT ASSETS

Stocks

893,653

776,181

Debtors

6

197,991

474,838

Cash at bank and in hand

342,459

97,242

1,434,103

1,348,261

CREDITORS

Amounts falling due within one year

7

514,452

499,825

NET CURRENT ASSETS

919,651

848,436

TOTAL ASSETS LESS CURRENT LIABILITIES

1,396,121

1,326,570

CREDITORS

Amounts falling due after more than one year

8

(27,565

)

(40,915

)

PROVISIONS FOR LIABILITIES

(25,835

)

(14,764

)

NET ASSETS

1,342,721

1,270,891

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,342,719

1,270,889

1,342,721

1,270,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 22 September 2025 and were signed by:

A W Watkins - Director

1.	STATUTORY INFORMATION

A.W. Engineering (Hereford) Ltd. 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Goodwill has been reviewed and is being amortised over 20 years from 2025.

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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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 25 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

200,000

AMORTISATION

Charge for year

10,000

At 30 April 2025

10,000

NET BOOK VALUE

At 30 April 2025

190,000

At 30 April 2024

200,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

183,129

591,934

35,951

21,500

832,514

Additions

-

41,263

1,527

-

42,790

At 30 April 2025

183,129

633,197

37,478

21,500

875,304

DEPRECIATION

At 1 May 2024

-

500,699

32,181

21,500

554,380

Charge for year

-

33,129

1,325

-

34,454

At 30 April 2025

-

533,828

33,506

21,500

588,834

NET BOOK VALUE

At 30 April 2025

183,129

99,369

3,972

-

286,470

At 30 April 2024

183,129

91,235

3,770

-

278,134

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

190,440

474,838

Other debtors

7,551

-

197,991

474,838

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

370,790

373,169

Taxation and social security

105,507

86,141

Other creditors

38,155

40,515

514,452

499,825

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

27,565

40,915