AWAA Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11906844 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

AWAA LIMITED

PREVIOUSLY KNOWN AS

AWACCA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss H L Rieupeyroux

A J Wordingham

REGISTERED OFFICE:

Regus, Building 2

Guildford Business Park Road

Guildford

Surrey

GU2 8XG

REGISTERED NUMBER:

11906844 (England and Wales)

ACCOUNTANTS:

A W Associates

Regus, Building 2

Guildford Business Park Road

Guildford

Surrey

GU2 8XG

FIXED ASSETS

Intangible assets

4

220,000

120,000

Tangible assets

5

1,026

546

221,026

120,546

CURRENT ASSETS

Debtors

6

227,088

144,070

Cash at bank

90,508

56,597

317,596

200,667

CREDITORS

Amounts falling due within one year

7

324,734

84,461

NET CURRENT (LIABILITIES)/ASSETS

(7,138

)

116,206

TOTAL ASSETS LESS CURRENT LIABILITIES

213,888

236,752

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

213,858

236,722

213,888

236,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2023 and were signed on its behalf by:

Miss H L Rieupeyroux - Director

A J Wordingham - Director

1.	STATUTORY INFORMATION

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

2.	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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of two businesses in 2019 and a share in a further business in 2022, is being amortised evenly over its estimated useful life of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to the personal pension schemes of the directors. Contributions payable to the schemes are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

300,000

Additions

200,000

At 31 March 2023

500,000

AMORTISATION

At 1 April 2022

180,000

Charge for year

100,000

At 31 March 2023

280,000

NET BOOK VALUE

At 31 March 2023

220,000

At 31 March 2022

120,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

2,278

Additions

1,539

At 31 March 2023

3,817

DEPRECIATION

At 1 April 2022

1,732

Charge for year

1,059

At 31 March 2023

2,791

NET BOOK VALUE

At 31 March 2023

1,026

At 31 March 2022

546

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

143,522

77,733

Other debtors

83,566

66,337

227,088

144,070

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1,181

1,771

Taxation and social security

98,043

63,496

Other creditors

225,510

19,194

324,734

84,461

8.	RELATED PARTY DISCLOSURES

During the year the company acquired a controlling share in A W Associates London LLP, the profit share included in these accounts amounted to £73,205.

During the year costs were recharged to the company from A W Associates London LLP amounting to £13,058 relating to subcontractor costs and £7,934 relating to rent.

As at 31st March 2023 the company was owed by A W Associates London LLP £7,615.

The controlling party is A J Wordingham.