REGISTERED NUMBER: 03307075 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AWI OUTSOURCING LIMITED

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

TG Goldberg

G G Tulloch

REGISTERED OFFICE:

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

REGISTERED NUMBER:

03307075 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence Limited

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

TURNOVER

21,600

141,751

Cost of sales

54

101,309

GROSS PROFIT

21,546

40,442

Administrative expenses

28,406

47,704

(6,860

)

(7,262

)

Other operating income

(8,341

)

-

OPERATING LOSS and

LOSS BEFORE TAXATION

(15,201

)

(7,262

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(15,201

)

(7,262

)

FIXED ASSETS

Tangible assets

5

77

102

Investments

6

1,212,988

1,173,829

1,213,065

1,173,931

CURRENT ASSETS

Debtors

7

2,195

2,389

Cash at bank and in hand

40,776

108,042

42,971

110,431

CREDITORS

Amounts falling due within one year

8

82,696

95,821

NET CURRENT (LIABILITIES)/ASSETS

(39,725

)

14,610

TOTAL ASSETS LESS CURRENT LIABILITIES

1,173,340

1,188,541

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,173,330

1,188,531

SHAREHOLDERS' FUNDS

1,173,340

1,188,541

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:

G G Tulloch - Director

1.	STATUTORY INFORMATION

AWI Outsourcing 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.

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 as modified by the revaluation of certain assets.

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 at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4.	OPERATING LOSS

The operating loss is stated after charging:

2024

2023

£

£

Depreciation - owned assets

25

180

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

569

9,410

9,979

DEPRECIATION

At 1 January 2024

468

9,409

9,877

Charge for year

25

-

25

At 31 December 2024

493

9,409

9,902

NET BOOK VALUE

At 31 December 2024

76

1

77

At 31 December 2023

101

1

102

6.	FIXED ASSET INVESTMENTS

Interest

in

Other

associates

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

690

1,173,139

1,173,829

Additions

-

50,000

50,000

Revaluations

-

(10,841

)

(10,841

)

At 31 December 2024

690

1,212,298

1,212,988

NET BOOK VALUE

At 31 December 2024

690

1,212,298

1,212,988

At 31 December 2023

690

1,173,139

1,173,829

Cost or valuation at 31 December 2024 is represented by:

Interest

in

Other

associates

investments

Totals

£

£

£

Valuation in 2023

690

1,212,298

1,212,988

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated companies

The Salford Valve Company Limited

Registered office: Unit 11, Escrick Business Park, Escrick, York, YO19 6FD

Nature of business: Valve manufacture and distribution

%

Class of shares:

holding

Ordinary "A"

10.74

Plasvalco Limited

Registered office: Suite 11, Brook House, Brook Street, Driffield, East Yorkshire, YO25 6QP

Nature of business: Valve manufacture and distribution

%

Class of shares:

holding

Ordinary

50.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,186

2,160

Other debtors

9

229

2,195

2,389

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,564

1,825

Amounts owed to group undertakings

75,619

85,762

Taxation and social security

685

-

Other creditors

4,828

8,234

82,696

95,821

9.	RELATED PARTY DISCLOSURES

The associated company is called The Salford Valve Company Limited, which is 10.74% owned by AWI Outsourcing Limited.