AWD (GROUP) LTD


Directors	DAVIES, Alun Wyn
	DAVIES, Eifion Wyn


Registered Address	Byass Works
	Docks Road
	Port Talbot
	SA13 1RS


Registered Number	09374296 (England and Wales)

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Research and development
	All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	15	-
Fixtures and fittings	25	-
Vehicles	25	-
Office Equipment	25	-

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Government grants or assistance
	Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Government grants or assistance

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		32

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 October 24	629,233	1,644,447	232,794	3,170	3,764	2,513,408
Additions	-	2,722	10,800	-	1,007	14,529
Revaluations	1,816,437	-	-	-	-	1,816,437
At 30 September 25	2,445,670	1,647,169	243,594	3,170	4,771	4,344,374
Depreciation and impairment
At 01 October 24	67,956	642,123	130,898	1,716	2,174	844,867
Charge for year	-	217,843	-	-	-	217,843
Revaluation surplus	(48,593)	-	-	-	-	(48,593)
At 30 September 25	19,363	859,966	130,898	1,716	2,174	1,014,117
Net book value
At 30 September 25	2,426,307	787,203	112,696	1,454	2,597	3,330,257
At 30 September 24	561,277	1,002,324	101,896	1,454	1,590	1,668,541

4.	Revaluation of property, plant and equipment
	A valuation was made by Alder King Property Consultants on 25th February 2025.

		2025		2024
		£		£
	Land and buildings	1,865,030		-

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	388,000	170,500
Total	388,000	170,500

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	312,468	339,264
Amounts owed by group undertakings	105,199	384
Other debtors	100,438	-
Prepayments and accrued income	8,290	10,011
Total	526,395	349,659

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	684,136	442,513
Bank borrowings and overdrafts	253,477	149,872
Taxation and social security	56,366	109,119
Finance lease and HP contracts	155,152	153,850
Other creditors	97,587	146,068
Accrued liabilities and deferred income	29,065	5,492
Total	1,275,783	1,006,914

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	90,606	242,208
Other creditors	267,310	428,320
Total	357,916	670,528

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	329,099		472,332

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	236,131	210,380
Total	236,131	210,380

11.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
DAVIES, Alun Wyn	26,550	24,090	38,943	11,697
DAVIES, Eifion Wyn	94,744	0	27,718	67,026
	121,294	24,090	66,661	78,723

12.	Related party transactions
	As at the 30th September 2025, the company was owed an amount of £104,815 (30th September 2024 : £0) from Rugbi Environmental Limited. During the period Rugbi Environmental Limited both received monies from AWD (Group) Limited customers and paid monies on behalf of AWD (Group) Limited suppliers. Furthermore, AWD (Group) Limited paid invoices due on behalf of Rugbi Environmental Limited. As at the 30th September 2025, the company was owed an amount of £384 (30th September 2024 : £384) from Game Plan T&R Limited. During the period Game Plan T&R Limited invoiced AWD (Group) Limited £21,000 plus VAT for rental and maintenance of land and buildings. As at 30th September 2025 an amount of £3,600 was due to Game Plan T&R Limited which is included within Trade Creditors.

12.

Related party transactions

As at the 30th September 2025, the company was owed an amount of £104,815 (30th September 2024 : £0) from Rugbi Environmental Limited.

During the period Rugbi Environmental Limited both received monies from AWD (Group) Limited customers and paid monies on behalf of AWD (Group) Limited suppliers.  Furthermore, AWD (Group) Limited paid invoices due on behalf of Rugbi Environmental Limited.

As at the 30th September 2025, the company was owed an amount of £384 (30th September 2024 : £384) from Game Plan T&R Limited.

During the period Game Plan T&R Limited invoiced AWD (Group) Limited £21,000 plus VAT for rental and maintenance of land and buildings.  As at 30th September 2025 an amount of £3,600 was due to Game Plan T&R Limited which is included within Trade Creditors.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		3,330,257		1,668,541
			3,330,257		1,668,541
Current assets
Stocks	5	388,000		170,500
Debtors	6	526,395		349,659
Cash at bank and on hand		-		91,594
		914,395		611,753
Creditors amounts falling due within one year	7	(1,275,783)		(1,006,914)
Net current assets (liabilities)			(361,388)		(395,161)
Total assets less current liabilities			2,968,869		1,273,380
Creditors amounts falling due after one year	8		(357,916)		(670,528)
Provisions for liabilities	10		(236,131)		(210,380)
Net assets			2,374,822		392,472
Capital and reserves
Called up share capital			1		1
Revaluation reserve			1,865,030		-
Profit and loss account			509,791		392,471
Shareholders' funds			2,374,822		392,472