| A.W.T. Developments Limited |
| Registered number: |
05038026 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Work in Progress |
|
|
181,870 |
|
|
180,000 |
| Cash at bank and in hand |
|
|
243 |
|
|
402 |
| Family reimbursements |
|
|
1,170 |
|
|
- |
| VAT Debtor |
|
|
1,595 |
|
|
16 |
|
|
|
184,878 |
|
|
180,418 |
|
| Creditors: amounts falling due within one year |
3 |
|
(106,330) |
|
|
(88,375) |
|
| Net current assets |
|
|
|
78,548 |
|
|
92,043 |
|
| Total assets less current liabilities |
|
|
|
78,548 |
|
|
92,043 |
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
(7,033) |
|
|
(17,365) |
|
|
|
| Net assets |
|
|
|
71,515 |
|
|
74,678 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
71,415 |
|
|
74,578 |
|
| Shareholders' funds |
|
|
|
71,515 |
|
|
74,678 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr A Jones |
| Director |
| Approved by the board on 17 December 2025 |
|
| A.W.T. Developments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
|
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 2 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
VAT Debtor |
|
|
|
|
1,595 |
|
16 |
|
Family reimbursements |
|
|
|
|
1,170 |
|
- |
|
|
|
|
|
|
2,765 |
|
16 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,332 |
|
10,069 |
|
Trade creditors |
2,854 |
|
1,668 |
|
Director's account |
91,643 |
|
76,638 |
|
Other creditors |
1,501 |
|
- |
|
|
|
|
|
|
106,330 |
|
88,375 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
7,033 |
|
17,365 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Transactions with director |
|
|
During the year company director, Alun Jones, used a current account with the company to record amounts due to him and amounts drawn by him. The account shows an amount owing back to Alun Jones as director as at 31st March 2025 of £97,953 (2024: £76,638). The amount is repayable on demand and carries interest. |
|
| 6 |
Legal Charge |
|
|
Companies House currently shows a legal charge over the land comprising Plot 2, Pen-y-Dre Farm, Llanvihangel Crucorney, Abergavenny, Monmouthshire. The persons entitled to the benefit of this charge were Mr Edwin Jones and Mrs Dorothy Jones, who were related parties of the Company by virture of their relationship to the sole director/ shareholder Alun Jones as his mother and father. This charge is no longer correct as the directors believe it has been satisfied and should no longer be showing on Companies House. It is currently in the process of being removed. |
|
| 7 |
Related party transactions |
|
|
None Noted |
|
| 8 |
Controlling party |
|
|
Alun Jones owns 100% of the share capital and is the sole director of A.W.T Developments Limited, he is therefore also the ultimate controlling party of A.W.T Developments Limited. |
|
|
| 9 |
Other information |
|
|
A.W.T. Developments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Bailey Estate Bungalow |
|
Llantilio Pertholey |
|
Abergavenny |
|
Wales |
|
NP7 8NH |