2022-09-012023-08-312023-08-31false12839589THE AWORETAN GROUP 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THE AWORETAN GROUP LTD

Registered Number
12839589
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

THE AWORETAN GROUP LTD
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

AWORETAN-EMEFE, Olatokunbo

Registered Address

320 City Road
London
EC1V 2NZ

Registered Number

12839589 (England and Wales)
THE AWORETAN GROUP LTD
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors2,18527
Cash at bank and on hand1506,860
2,3356,887
Creditors amounts falling due within one year(6,841)(18,714)
Net current assets (liabilities)(4,506)(11,827)
Total assets less current liabilities(4,506)(11,827)
Creditors amounts falling due after one year(1,380)(2,843)
Net assets(5,886)(14,670)
Capital and reserves
Called up share capital100100
Profit and loss account(5,986)(14,770)
Shareholders' funds(5,886)(14,670)
The financial statements were approved and authorised for issue by the Director on 9 February 2024, and are signed on its behalf by:
AWORETAN-EMEFE, Olatokunbo
Director
Registered Company No. 12839589
THE AWORETAN GROUP LTD
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20232022
Average number of employees during the year11