Amward Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08059759

Amward Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Amward Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,514,888	2,569,964

Current assets

Stocks		53,316	–
Debtors	6	196,900	243,369
Cash at bank and in hand		153,455	89,890
		----------	----------
		403,671	333,259

Creditors: amounts falling due within one year	7	( 279,351)		( 299,085)
		----------		----------
Net current assets			124,320	34,174
			-------------	-------------
Total assets less current liabilities			2,639,208	2,604,138

Creditors: amounts falling due after more than one year	8		( 1,148,594)	( 1,205,924)

Provisions

Taxation including deferred tax	( 77,487)	( 86,052)
	-------------	-------------
Net assets	1,413,127	1,312,162
	-------------	-------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,413,027	1,312,062
	-------------	-------------
Shareholders funds	1,413,127	1,312,162
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Amward Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 28 December 2025 , and are signed on behalf of the board by:

Mr A E J Fowler	Mr E M I Fowler
Director	Director

Company registration number: 08059759

Amward Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cleatham Villa, Scotter, Gainsborough, DN21 3HY, Lincolnshire.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. (c) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the sale of renewable energy, stated net of discounts and of Value Added Tax. Turnover from the wholesale of electricity to external customers is recognised when the commodity is delivered on the basis of the agreed volumes and rates within the sales contracts. Income from rents receivable is recognised in accordance with the agreed terms of the relevant lease agreements. (d) Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exception. (e) Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to the expense over the lease term, on a straight-line basis. (f) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. (g) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Turbine & Substation	-	20 years straight line
Plant & Machinery	-	25% reducing balance

(h) Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. (i) Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(j) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(k) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Investment Property	Turbine & Substation	Plant & Machinery	Freehold Property	Total
	£	£	£	£	£
Cost/Valuation
At 1 April 2024 and 31 March 2025	175,180	1,100,461	8,385	1,925,900	3,209,926
	----------	-------------	-------	-------------	-------------
Depreciation
At 1 April 2024	–	631,995	7,967	–	639,962
Charge for the year	–	54,971	105	–	55,076
	----------	-------------	-------	-------------	-------------
At 31 March 2025	–	686,966	8,072	–	695,038
	----------	-------------	-------	-------------	-------------
Carrying amount
At 31 March 2025	175,180	413,495	313	1,925,900	2,514,888
	----------	-------------	-------	-------------	-------------
At 31 March 2024	175,180	468,466	418	1,925,900	2,569,964
	----------	-------------	-------	-------------	-------------

The investment property was valued in March 2025 by the Directors who have experience in the location and category of the investment properties being valued. Freehold land is not depreciated.

6. Debtors

	2025	2024
	£	£
Trade debtors	115,578	135,248
Other debtors	81,322	108,121
	----------	----------
	196,900	243,369
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	57,331	54,076
Trade creditors	1,190	17,932
Accruals	10,468	10,972
Corporation tax	67,998	79,000
Social security and other taxes	174	3,328
Director loan account	72,896	53,777
Other creditors	69,294	80,000
	----------	----------
	279,351	299,085
	----------	----------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,148,594	1,205,924
	-------------	-------------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	45,000	45,000
Later than 1 year and not later than 5 years	180,000	180,000
Later than 5 years	489,836	534,836
	----------	----------
	714,836	759,836
	----------	----------

10. Related party transactions

The directors have loaned monies to the company , which at 31 March 2025 amounted to £ 72,896 (2024 - £53,777). The turbine is situated on land owned by the directors. The company leases this land for an annual rental of £45,000.