Company Registration No. 09841831 (England and Wales)
Austin Werner Ltd
Unaudited accounts
for the year ended 31 March 2025
Austin Werner Ltd
Unaudited accounts
Contents
Austin Werner Ltd
Company Information
for the year ended 31 March 2025
Directors
K Crayford
R Crayford
Company Number
09841831 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
United Kingdom
Accountants
Ashby & Company
Flat 5
2 Courts Hill Road
Haslemere
Surrey
GU27 2EG
Austin Werner Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
4,067
28,350
Cash at bank and in hand
18,101
77,269
Creditors: amounts falling due within one year
(59,399)
(62,495)
Net current (liabilities)/assets
(14,223)
46,057
Total assets less current liabilities
29,916
114,479
Creditors: amounts falling due after more than one year
(2,039)
(27,602)
Provisions for liabilities
Deferred tax
(1,017)
(5,387)
Called up share capital
6
6
Profit and loss account
26,854
81,484
Shareholders' funds
26,860
81,490
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by
K Crayford
Director
Company Registration No. 09841831
Austin Werner Ltd
Notes to the Accounts
for the year ended 31 March 2025
Austin Werner Ltd is a private company, limited by shares, registered in England and Wales, registration number 09841831. The registered office is 7 Bell Yard, London, WC2A 2JR, United Kingdom.
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 section 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 is recognised at the fair value of the consideration received or receivable for information technology recruitment consultancy services, net of VAT and discounts, provided in the normal course of business.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Austin Werner Ltd
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
310
36,047
6,047
25,236
67,640
Additions
-
-
57
2,082
2,139
Disposals
-
(36,047)
-
(1,666)
(37,713)
At 31 March 2025
310
-
6,104
25,652
32,066
At 1 April 2024
44
16,615
4,408
18,223
39,290
Charge for the year
77
-
1,283
4,810
6,170
On disposals
-
(16,615)
-
(846)
(17,461)
At 31 March 2025
121
-
5,691
22,187
27,999
At 31 March 2025
189
-
413
3,465
4,067
At 31 March 2024
266
19,432
1,639
7,013
28,350
Carrying values included above held under finance leases and hire purchase contracts:
£
£
4
Investments
Other investments
Valuation at 1 April 2024
40,072
Valuation at 31 March 2025
40,072
The investments are in the equity of an unlisted UK company. It is not possible to reliably measure the fair value of these investments and therefore the investments are measured at cost less impairment.
Amounts falling due within one year
Accrued income and prepayments
20,609
17,767
Other debtors
6,466
13,516
Austin Werner Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,383
10,170
Obligations under finance leases and hire purchase contracts
-
5,226
Trade creditors
26,006
965
Taxes and social security
8,908
12,838
Other creditors
11,822
31,016
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
15,369
The bank loan is secured by the government.
Allotted, called up and fully paid:
3 Ordinary A Shares of £1 each
3
3
3 Ordinary B Shares of £1 each
3
3
9
Transactions with related parties
Amounts owed by related parties
Entities under common control
At 31 March 2025 the total amount owed by entities under common control was £ nil (2023: £ 10,646).
The amounts due are unsecured, interest free and repayable on demand.
Amounts owed to related parties
Entities under common control
At 31 March 2025 the total amount owed to entities under common control was £ 9,155 (2024: £ nil).
The amounts due are unsecured, interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 4 (2024: 4).