AWA Building Services Consultants Ltd 03320552 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Engineering Consultants Digita Accounts Production Advanced 6.30.9574.0 true true 03320552 2022-03-01 2023-02-28 03320552 2023-02-28 03320552 bus:OrdinaryShareClass1 2023-02-28 03320552 core:RetainedEarningsAccumulatedLosses 2023-02-28 03320552 core:ShareCapital 2023-02-28 03320552 core:CurrentFinancialInstruments 2023-02-28 03320552 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 03320552 core:Non-currentFinancialInstruments 2023-02-28 03320552 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 03320552 core:FurnitureFittingsToolsEquipment 2023-02-28 03320552 core:OtherPropertyPlantEquipment 2023-02-28 03320552 bus:SmallEntities 2022-03-01 2023-02-28 03320552 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 03320552 bus:FullAccounts 2022-03-01 2023-02-28 03320552 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 03320552 bus:RegisteredOffice 2022-03-01 2023-02-28 03320552 bus:CompanySecretaryDirector1 2022-03-01 2023-02-28 03320552 bus:Director1 2022-03-01 2023-02-28 03320552 bus:Director2 2022-03-01 2023-02-28 03320552 bus:Director5 2022-03-01 2023-02-28 03320552 bus:Director6 2022-03-01 2023-02-28 03320552 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 03320552 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 03320552 bus:Agent1 2022-03-01 2023-02-28 03320552 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 03320552 core:ShareCapital 2022-03-01 2023-02-28 03320552 core:Goodwill 2022-03-01 2023-02-28 03320552 core:FurnitureFittings 2022-03-01 2023-02-28 03320552 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 03320552 core:OfficeEquipment 2022-03-01 2023-02-28 03320552 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 03320552 core:PlantMachinery 2022-03-01 2023-02-28 03320552 countries:England 2022-03-01 2023-02-28 03320552 2022-02-28 03320552 core:RetainedEarningsAccumulatedLosses 2022-02-28 03320552 core:ShareCapital 2022-02-28 03320552 core:FurnitureFittingsToolsEquipment 2022-02-28 03320552 core:OtherPropertyPlantEquipment 2022-02-28 03320552 2021-03-01 2022-02-28 03320552 2022-02-28 03320552 bus:OrdinaryShareClass1 2022-02-28 03320552 core:RetainedEarningsAccumulatedLosses 2022-02-28 03320552 core:ShareCapital 2022-02-28 03320552 core:CurrentFinancialInstruments 2022-02-28 03320552 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 03320552 core:Non-currentFinancialInstruments 2022-02-28 03320552 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 03320552 core:FurnitureFittingsToolsEquipment 2022-02-28 03320552 core:OtherPropertyPlantEquipment 2022-02-28 03320552 core:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 03320552 core:ShareCapital 2021-03-01 2022-02-28 03320552 2021-02-28 03320552 core:RetainedEarningsAccumulatedLosses 2021-02-28 03320552 core:ShareCapital 2021-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03320552

AWA Building Services Consultants Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

AWA Building Services Consultants Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 13

 

AWA Building Services Consultants Ltd

Company Information

Directors

Mr Tim Bailey

Mr Robin Townsend

Mr Andrew Jeffery West

Mr Daniel Moynihan

Mr Gethin Thomas

Company secretary

Mr Andrew Jeffery West

Registered office

12 Pappus House
Tollgate West
Colchester
Essex
CO3 8AQ

Accountants

Brian Nuttgens Accountants Ltd
Chartered Certified Accountants
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

 

AWA Building Services Consultants Ltd

Directors' Report for the Year Ended 28 February 2023

The directors present their report and the financial statements for the year ended 28 February 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Tim Bailey

Mr Robin Townsend

Mr Andrew Jeffery West

Mr Daniel Moynihan

Mr Gethin Thomas

Principal activity

The principal activity of the company is Engineering Consultants

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 November 2023 and signed on its behalf by:
 

.........................................
Mr Tim Bailey
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
AWA Building Services Consultants Ltd
for the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AWA Building Services Consultants Ltd for the year ended 28 February 2023 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of AWA Building Services Consultants Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of the Company and state those matters that we have agreed to state to the Board of Directors of the Company, as a body, in this report in accordance with
the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet
-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AWA Building Services Consultants Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of the Company. You consider that AWA Building Services Consultants Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brian Nuttgens Accountants Ltd
Chartered Certified Accountants
1007 London Road
Leigh-On-Sea
Essex
SS9 3JY

22 November 2023

 

AWA Building Services Consultants Ltd

Profit and Loss Account for the Year Ended 28 February 2023

Note

2023
£

2022
£

Turnover

 

2,708,662

2,613,671

Cost of sales

 

(105,923)

(77,304)

Gross profit

 

2,602,739

2,536,367

Administrative expenses

 

(2,529,338)

(2,294,902)

Operating profit

 

73,401

241,465

Interest payable and similar expenses

 

(17,287)

(12,281)

Profit before tax

56,114

229,184

Tax on profit

 

(10,590)

(43,474)

Profit for the financial year

 

45,524

185,710

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

AWA Building Services Consultants Ltd

Statement of Comprehensive Income for the Year Ended 28 February 2023

2023
£

2022
£

Profit for the year

45,524

185,710

Total comprehensive income for the year

45,524

185,710

 

AWA Building Services Consultants Ltd

(Registration number: 03320552)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

29,191

31,825

Current assets

 

Debtors

5

691,093

611,206

Cash at bank and in hand

 

74,096

289,947

 

765,189

901,153

Creditors: Amounts falling due within one year

6

(524,353)

(491,780)

Net current assets

 

240,836

409,373

Total assets less current liabilities

 

270,027

441,198

Creditors: Amounts falling due after more than one year

6

(264,349)

(374,964)

Net assets

 

5,678

66,234

Capital and reserves

 

Called up share capital

7

102

102

Retained earnings

5,576

66,132

Shareholders' funds

 

5,678

66,234

For the financial year ending 28 February 2023 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2023 and signed on its behalf by:
 

.........................................
Mr Tim Bailey
Director

 

AWA Building Services Consultants Ltd

Statement of Changes in Equity for the Year Ended 28 February 2023

Share capital
£

Retained earnings
£

Total
£

At 1 March 2022

102

66,132

66,234

Profit for the year

-

45,524

45,524

Dividends

-

(106,080)

(106,080)

At 28 February 2023

102

5,576

5,678

Share capital
£

Retained earnings
£

Total
£

At 1 March 2021

102

219,572

219,674

Profit for the year

-

185,710

185,710

Dividends

-

(339,150)

(339,150)

At 28 February 2022

102

66,132

66,234

 

AWA Building Services Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
12 Pappus House
Tollgate West
Colchester
Essex
CO3 8AQ

These financial statements were authorised for issue by the Board on 22 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

AWA Building Services Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Reducing balance

Furniture and fittings

20% Reducing balance

Office Equipment

20% Reducing balance

Amortisation

Asset class

Amortisation method and rate

Goodwill

10% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

AWA Building Services Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2022 - 33).

 

AWA Building Services Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2022

105,947

25,712

131,659

Additions

4,662

-

4,662

At 28 February 2023

110,609

25,712

136,321

Depreciation

At 1 March 2022

81,898

17,936

99,834

Charge for the year

5,741

1,555

7,296

At 28 February 2023

87,639

19,491

107,130

Carrying amount

At 28 February 2023

22,970

6,221

29,191

At 28 February 2022

24,049

7,776

31,825

5

Debtors

Current

2023
£

2022
£

Trade debtors

679,161

417,169

Prepayments

11,932

4,979

Other debtors

-

189,058

 

691,093

611,206

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

72,719

51,099

Taxation and social security

433,216

317,021

Other creditors

18,418

123,660

524,353

491,780

Creditors: amounts falling due after more than one year

 

AWA Building Services Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

264,349

374,964

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

102

102

102

102

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

264,349

374,964

9

Dividends

   

2023

 

2022

   

£

 

£

Final dividend of £1,040.00 (2022 - £3,325.00) per ordinary share

 

106,080

 

339,150

         

10

Related party transactions

 

AWA Building Services Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

27,583

-

Contributions paid to money purchase schemes

533

-

28,116

-