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Austwel Limited

Financial Statements for the Year Ended 30 September 2025






Austwel Limited

Company Information
for the Year Ended 30 September 2025







DIRECTORS: J L Arnold
J C Davies
S E Hanks
S C Powell





REGISTERED OFFICE: Unit 18 Thornton Industrial Estate
Milford Haven
Pembrokeshire
SA73 2RR





REGISTERED NUMBER: 01708208 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Austwel Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Austwel Limited for the year ended 30 September 2025 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Austwel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Austwel Limited and state those matters that we have agreed to state to the Board of Directors of Austwel Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Austwel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Austwel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Austwel Limited. You consider that Austwel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Austwel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


2 December 2025

This page does not form part of the statutory financial statements

2
Austwel Limited (Registered number: 01708208)

Balance Sheet
30 September 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 877,136 596,207

CURRENT ASSETS
Debtors 4 2,014,135 3,956,194
Investments 5 94,901 56,138
Cash at bank and in hand 681,940 1,020,507
2,790,976 5,032,839
CREDITORS
Amounts falling due within one year 6 2,510,202 4,780,253
NET CURRENT ASSETS 280,774 252,586
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,157,910
848,793

CREDITORS
Amounts falling due after more than
one year
7
(213,374
)
(25,575
)

PROVISIONS FOR LIABILITIES 10 (124,600 ) (149,100 )
NET ASSETS 819,936 674,118

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 815,936 670,118
SHAREHOLDERS' FUNDS 819,936 674,118

The notes form part of these financial statements

3
Austwel Limited (Registered number: 01708208)

Balance Sheet - continued
30 September 2025


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

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:





J L Arnold - Director


The notes form part of these financial statements

4
Austwel Limited (Registered number: 01708208)

Notes to the Financial Statements
for the Year Ended 30 September 2025


1. 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.

On 27 March 2024, the FRS issued Amendments to FRS 102 The effective date for most amendments being accounting periods starting on or after 1 January 2026, with early adoption permitted. Management has chosen to adopt these changes in the 2025 financial statements.

The most significant impact of this change is the treatment of leases under Section 20 Leases. Under the new lease accounting requirements all operating leases are recognised on-balance sheet, with a lease liability based on the discounted value of the future commitments and a related 'right of use' asset. Low-value leases are excluded from these requirements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Work in progress is valued by reference to the stage of completion at the year end and recognises the appropriate profit element.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Right of use asset - over the lease term
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


5
Austwel Limited (Registered number: 01708208)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2025


1. ACCOUNTING POLICIES - continued
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
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.

Current asset investments
Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Profit & Loss account for the period.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 84 (2024 - 80 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Right of Plant and and
use asset machinery fittings Totals
£    £    £    £   
COST
At 1 October 2024 - 1,607,044 58,730 1,665,774
Additions 334,820 162,835 3,110 500,765
At 30 September 2025 334,820 1,769,879 61,840 2,166,539
DEPRECIATION
At 1 October 2024 - 1,037,562 32,005 1,069,567
Charge for year 41,491 171,074 7,271 219,836
At 30 September 2025 41,491 1,208,636 39,276 1,289,403
NET BOOK VALUE
At 30 September 2025 293,329 561,243 22,564 877,136
At 30 September 2024 - 569,482 26,725 596,207

6
Austwel Limited (Registered number: 01708208)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2025


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,238,562 3,590,978
Amounts recoverable on contract 726,137 332,795
Other debtors & prepayments 49,436 32,421
2,014,135 3,956,194

5. CURRENT ASSET INVESTMENTS
2025 2024
£    £   
Listed investments 94,901 56,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 10,000
Leases (see note 8) 76,630 25,616
Trade creditors 269,473 444,164
Amounts owed to group undertakings 1,349,960 1,300,000
Taxes & social security costs 531,032 1,326,353
Other creditors & accruals 283,107 1,674,120
2,510,202 4,780,253

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans - 7,500
Leases (see note 8) 213,374 18,075
213,374 25,575

8. LEASING

7
Austwel Limited (Registered number: 01708208)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2025


8. LEASING - continued

Lease liabilities

Minimum lease payments fall due as follows:

2025 2024
£    £   
Gross obligations repayable:
Within one year 83,877 25,616
Between one and five years 213,374 18,075

297,251 43,691

Finance charges repayable:
Within one year 7,247 -

Net obligations repayable:
Within one year 76,630 25,616
Between one and five years 213,374 18,075
290,004 43,691

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Leases 290,004 43,691

The lease liabilities are secured over the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 124,600 149,100

8
Austwel Limited (Registered number: 01708208)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2025


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2024 149,100
Credit to Profit & Loss Account during year (24,500 )
Balance at 30 September 2025 124,600

The deferred tax liability relates to accelerated capital allowances.

9
Austwel Limited (Registered number: 01708208)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2025


11. RELATED PARTY DISCLOSURES

a) Related parties

(i) Common directorship/ownership:-
Austwel Holdings Limited
2 Degrees Kelvin Limited

(ii) Directors:-
J L Arnold
J C Davies
S E Hanks
S C Powell

b) Sales to related parties Net value Balance
of supply owed at
in year year end
£    £   
2025
Common control 121,405 79,014

£    £   
2024
Common control 373,175 18,222

b) Purchases from related parties Net value Balance
of supply owed at
in year year end
£    £   
2025
Common control 318,431 75,324

£    £   
2024
Common control 147,579 47,145

10
Austwel Limited (Registered number: 01708208)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2025


c) Loans from related parties

Balance Balance
at 1st Amounts at 30th
October Repaid borrowed September
£ £ £ £
2025
Common control 903,821 (902,551 ) - 10
2024
Common control 927,464 (23,643 ) - 903,821

11