REGISTERED NUMBER: 11651231 (England and Wales)

AWF RESTAURANTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A W Finch

REGISTERED OFFICE:

Clive House

Severn Road

Welshpool

Powys

SY21 7AL

REGISTERED NUMBER:

11651231 (England and Wales)

FIXED ASSETS

Intangible assets

4

59,083

73,262

Tangible assets

5

4,032

4,225

63,115

77,487

CURRENT ASSETS

Stocks

1,456

1,387

Debtors

6

25,168

8,884

Cash at bank and in hand

4,912

7,618

31,536

17,889

CREDITORS

Amounts falling due within one year

7

63,288

38,010

NET CURRENT LIABILITIES

(31,752

)

(20,121

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,363

57,366

CREDITORS

Amounts falling due after more than one year

8

(30,085

)

(30,994

)

PROVISIONS FOR LIABILITIES

(766

)

(803

)

NET ASSETS

512

25,569

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

412

25,469

512

25,569

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

Mr A W Finch - Director

1.	STATUTORY INFORMATION

AWF Restaurants 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 2018, is being amortised evenly over its estimated useful life of ten years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 8 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

141,794

AMORTISATION

At 1 November 2023

68,532

Charge for year

14,179

At 31 October 2024

82,711

NET BOOK VALUE

At 31 October 2024

59,083

At 31 October 2023

73,262

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2023

4,391

190

2,795

7,376

Additions

410

-

-

410

At 31 October 2024

4,801

190

2,795

7,786

DEPRECIATION

At 1 November 2023

2,274

91

786

3,151

Charge for year

379

15

209

603

At 31 October 2024

2,653

106

995

3,754

NET BOOK VALUE

At 31 October 2024

2,148

84

1,800

4,032

At 31 October 2023

2,117

99

2,009

4,225

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

25,168

8,884

Included in Other Debtors is £12,175 due from the director. Interest has been charged at the official rate of interest.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,588

5,589

Trade creditors

39,782

20,185

Taxation and social security

17,918

12,203

Other creditors

-

33

63,288

38,010

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

30,085

30,994

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,734

8,643

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

35,673

36,582