AWB Group Limited - Period Ending 2013-12-31

Registration number: 06019976

AWB Group Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

Redshield Business Solutions Limited
Chartered Accountants
Unit 2
Birchden Farm
Broadwater Forest Lane
Groombridge, Tunbridge Wells
Kent
TN3 9NR

AWB Group Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

AWB Group Limited
(Registration number: 06019976)
Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Investments					346,879			346,879
Current assets
Debtors					315,062			186,414
Cash at bank and in hand					49,112			49,321
					364,174			235,735
Creditors: Amounts falling due within one year					(2,848)			(33,518)
Net current assets					361,326			202,217
Net assets					708,205			549,096
Capital and reserves
Called up share capital		3			25,000			500,000
Profit and loss account					683,205			49,096
Shareholders' funds					708,205			549,096

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 12 September 2014 and signed on its behalf by:

.........................................
AW Balcombe
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

AWB Group Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

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).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 January 2013		346,879			346,879
At 31 December 2013		346,879			346,879
Depreciation
At 31 December 2013		-			-
Net book value
At 31 December 2013		346,879			346,879
At 31 December 2012		346,879			346,879

Page 2

AWB Group Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
VR Print Ltd	Ordinary £1 shares	100%	Direct mail and fulfilment

Associates
Rough Trade Retail Group Ltd	Ordinary £1 shares	35%	Investment
Booth Nation Limited	Ordinary £1 shares	30%	Hire of photographic booths
Card Fame Limited	Ordinary £1 shares	40%	Publishing and print

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		25,000			25,000			500,000			500,000

4	Related party transactions

Directors' advances and credits

	2013 Advance/ Credit £	2013 Repaid £	2012 Advance/ Credit £	2012 Repaid £
AW Balcombe
Director's loan	117,540	-	-	-

5

Control

The company is controlled by Andrew Balcombe, one of the directors who owns 100% of the called up share capital.

Page 3