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A W GROUP LIMITED
REGISTERED NUMBER: 02884388
ABBREVIATED BALANCE SHEET
AS AT 31 OCTOBER 2015
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 October 2015 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
Page 1
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A W GROUP LIMITED
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 OCTOBER 2015
The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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A W GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
1.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises revenue recognised by the company in respect of rents receivable during the year, exclusive of Value Added Tax. Income is recognised when the right to receive that income has been earned.
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TANGIBLE FIXED ASSETS AND DEPRECIATION
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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15% - 25% reducing balance
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The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
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2.TANGIBLE FIXED ASSETS
3.CREDITORS:
AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Page 3
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A W GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
Creditors include amounts not wholly repayable within 5 years as follows:
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Repayable other than by instalments
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4.SHARE CAPITAL
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ALLOTTED, CALLED UP AND FULLY PAID
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1,000,000 Ordinary shares of £1 each
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5.ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY
The parent company is A W Securities Limited, a company registered in England and Wales.
The ultimate controlling party is R H Allen, a director and majority shareholder of the parent company.
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