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REGISTERED NUMBER: SC660106 (Scotland)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

AWC TECHNOLOGY LIMITED

AWC TECHNOLOGY LIMITED (REGISTERED NUMBER: SC660106)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AWC TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: R L Davies
G Lees
C Sarri





SECRETARY: R M Taylor





REGISTERED OFFICE: The Exchange No.1
62-104 Market Street
Aberdeen
United Kingdom
AB11 5PJ





REGISTERED NUMBER: SC660106 (Scotland)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

AWC TECHNOLOGY LIMITED (REGISTERED NUMBER: SC660106)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 74,750 97,500
Cash at bank 2,480 57,680
77,230 155,180
CREDITORS
Amounts falling due within one year 5 837,556 671,085
NET CURRENT LIABILITIES (760,326 ) (515,905 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(760,326

)

(515,905

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (760,426 ) (516,005 )
SHAREHOLDERS' FUNDS (760,326 ) (515,905 )

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 21 November 2023 and were signed on its behalf by:





G Lees - Director


AWC TECHNOLOGY LIMITED (REGISTERED NUMBER: SC660106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

AWC Technology Limited is a private company, limited by shares, incorporated in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest whole £1. The financial statements are presented in sterling which is also the functional currency of the Company.

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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. Despite the net liabilities and net current liabilities, the parent company (by virtue of holding the majority of A Ordinary shares) has indicated their intention to continue to support the trading activities of the company for the foreseeable future and on this basis the directors are satisfied that the going concern basis of preparing the financial statements is appropriate.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

AWC TECHNOLOGY LIMITED (REGISTERED NUMBER: SC660106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 74,750 97,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 827,956 666,785
Other creditors 9,600 4,300
837,556 671,085

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

Each A Ordinary share carries one voting right per share. B Ordinary shares do not carry any voting rights.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Guy Rolliston (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

8. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is ODE Group Limited, a company incorporated in England & Wales.

The ultimate controlling party is Doris Group SA, a company incorporated in France. The registered office is located at 58A rue du Dessous des Berges, 75013, Paris, France.

The largest and smallest group in which the results of the company are consolidated is Doris Group SA. Copies of the group's consolidated financial statements can be obtained from www.infogreffe.com.