Awan Impex Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06717513 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Awan Impex Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Awan

SECRETARY:

S Awan

REGISTERED OFFICE:

Unit C, Coppen Road

Dagenham

Dagenham

RM8 1HJ

REGISTERED NUMBER:

06717513 (England and Wales)

ACCOUNTANTS:

KALA ATKINSON

Chartered Certified Accountants

& Statutory Auditors

43 Upton Lane

Forest Gate

London

E7 9PA

FIXED ASSETS

Tangible assets

4

718,429

53,797

CURRENT ASSETS

Stocks

5

30,144

35,476

Debtors

6

35,764

16,142

Cash at bank and in hand

49,856

98,461

115,764

150,079

CREDITORS

Amounts falling due within one year

7

164,673

71,114

NET CURRENT (LIABILITIES)/ASSETS

(48,909

)

78,965

TOTAL ASSETS LESS CURRENT LIABILITIES

669,520

132,762

CREDITORS

Amounts falling due after more than one year

8

523,019

-

NET ASSETS

146,501

132,762

CAPITAL AND RESERVES

Called up share capital

30,100

30,100

Retained earnings

116,401

102,662

SHAREHOLDERS' FUNDS

146,501

132,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 July 2018 and were signed by:

S Awan - Director

1.	STATUTORY INFORMATION

Awan Impex 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

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

Plant & Equipment - 25% Straight Line Method

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 December 2016

50,000

59,867

109,867

Additions

665,581

-

665,581

At 30 November 2017

715,581

59,867

775,448

DEPRECIATION

At 1 December 2016

-

56,070

56,070

Charge for year

-

949

949

At 30 November 2017

-

57,019

57,019

NET BOOK VALUE

At 30 November 2017

715,581

2,848

718,429

At 30 November 2016

50,000

3,797

53,797

5.

STOCKS

30.11.17

30.11.16

£

£

Stocks

30,144

35,476

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Other debtors-VAT Repayment

35,764

16,142

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Payments on account

134,040

1,115

Trade creditors

19,237

44,042

Tax

2,876

5,611

Social security and other taxes

2,020

2,332

Accrued expenses

6,500

18,014

164,673

71,114

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Director's Loan

59,257

-

Other creditors

463,762

-

523,019

-