REGISTERED NUMBER: 12279054 (England and Wales)

A Wrate Engineering Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C A Wrate Engineer

REGISTERED OFFICE:

112 Rear Of 112 Windmill Road

Sunbury-On-Thames

TW16 7HB

REGISTERED NUMBER:

12279054 (England and Wales)

Fixed assets

Intangible assets

4

115,000

138,000

Tangible assets

5

138,572

168,990

253,572

306,990

Current assets

Stocks

6

113,000

102,100

Debtors

7

108,642

186,620

Cash at bank and in hand

41,424

352,952

263,066

641,672

Creditors

Amounts falling due within one year

8

(355,425

)

(222,437

)

Net current (liabilities)/assets

(92,359

)

419,235

Total assets less current liabilities

161,213

726,225

Creditors

Amounts falling due after more than one year

9

(158,141

)

(280,150

)

Net assets

3,072

446,075

Capital and reserves

Called up share capital

11

3

4

Capital redemption reserve

12

1

-

Retained earnings

12

3,068

446,071

Shareholders' funds

3,072

446,075

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 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 20 October 2025 and were signed by:

C A Wrate Engineer - Director

1.	STATUTORY INFORMATION

A Wrate Engineering Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 112 Windmill Road, SunburyOnThames, Surrey, TW16 7HB.

2.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

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.

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of sec-on 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

TURNOVER

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the sale of tooling and engineering goods, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

INTANGIBLE FIXED ASSETS ­ GOODWILL

Goodwill arising on the acquisition of trade and assets represents the excess of the fair value of the consideration over the fair value of the identifiable assets and liabilities acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systema-c basis over its expected life, which is 10 years.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 18% Reducing balance

Fixtures and fittings 18% Reducing balance

Office and computer equipment 18% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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 19 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

230,000

AMORTISATION

At 1 January 2024

92,000

Amortisation for year

23,000

At 31 December 2024

115,000

NET BOOK VALUE

At 31 December 2024

115,000

At 31 December 2023

138,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

242,753

2,659

6,709

252,121

DEPRECIATION

At 1 January 2024

79,122

1,193

2,816

83,131

Charge for year

29,453

264

701

30,418

At 31 December 2024

108,575

1,457

3,517

113,549

NET BOOK VALUE

At 31 December 2024

134,178

1,202

3,192

138,572

At 31 December 2023

163,631

1,466

3,893

168,990

6.

STOCKS

2024

2023

£

£

Work-in-progress

90,000

75,000

Finished goods

23,000

27,100

113,000

102,100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

86,806

43,206

Other debtors

21,000

21,000

Directors' current accounts

-

121,578

Prepayments and accrued income

836

836

108,642

186,620

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

84,898

84,898

Hire purchase contracts

40,410

40,410

Trade creditors

74,110

20,930

Corporation tax

-

(29,733

)

Social security and other tax

70,648

98,625

Pension Liability

2,293

1,806

VAT

1,667

-

Other creditors

55,961

-

Credit card

3,796

2,614

Overdraft funding

15,642

-

Wages control account

6,000

-

Directors' current accounts

-

312

Accruals and deferred income

-

2,575

355,425

222,437

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 10)

117,969

195,962

Hire purchase contracts

40,172

84,188

158,141

280,150

10.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

84,898

84,898

Amounts falling due between one and two years:

Bank loans - 1-2 years

117,969

195,962

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

4

Ordinary shares

1

3

4

12.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2024

446,071

-

446,071

Deficit for the year

(128,216

)

(128,216

)

Dividends

(94,787

)

(94,787

)

Purchase of own share

(220,000

)

1

(219,999

)

At 31 December 2024

3,068

1

3,069