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AWK Group Ltd
Registered Number:12006864
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
AWK Group Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
12006864
As at 31 May 2023
AWK Group Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
525,000
525,000
2
Property, plant and equipment
499,000
499,000
3
Financial assets
1,267,392
2,164,392
4
3,188,392
2,291,392
Current assets
Trade and other receivables
100
100
5
504,261
Cash and cash equivalents
76,049
76,149
504,361
Trade and other payables: amounts falling due within one
year
(676,971)
(701,822)
6
(172,610)
(625,673)
Net current liabilities
Total assets less current liabilities
2,562,719
2,118,782
Trade and other payables: amounts falling due after more
than one year
-
(35,000)
7
2,527,719
Net assets
2,118,782
Capital and reserves
Called up share capital
100
100
Share premium account
370,657
370,657
Retained earnings
2,156,962
1,748,025
2,527,719
2,118,782
Shareholders' funds
For the year ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
12006864
For the year ended 31 May 2023
AWK Group Ltd
Statement of Financial Position Continued
Andrew Knight Director
These financial statements were approved and authorised for issue by the Board on 03 October 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 May 2023
AWK Group Ltd
Notes to the Financial Statements
Statutory Information
AWK Group Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
12006864.
Registered address:
104 Barton Road
Torquay
Devon
United Kingdom
TQ2 7NY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Goodwill
Goodwill is stated at its cost price during the year ended 31 May 2020. Goodwil is not being amortised as the director believes that goodwill has not been imparied through the passing of time. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all intangible assets to be amortised. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation
Investment property
Investment properties are included in the balance sheet at their cost value during the year ended 31 May 2020. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Group Accounts
The company is a parent company subject to the small companies regime. The company and its subsidaries
comprimise a small group. The company has, therefore, taken advanatge of the option provided by section 398 of
the Companies Act 2006 not to prepare group accounts.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 June 2022
525,000
At 31 May 2023
525,000
Net book value
At 31 May 2023
525,000
At 31 May 2022
525,000
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6
For the year ended 31 May 2023
AWK Group Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Land and
Buildings
£
Cost or
valuation
At 01 June 2022
499,000
At 31 May 2023
499,000
At 31 May 2023
Net book value
499,000
At 31 May 2022
499,000
4. Investments held as fixed assets
Other investments
Loans to group
and
participating
interests
Total
At 01 June 2022
627,392
627,392
-
Cost
£
£
£
1,682,000
-
1,682,000
Additions
Disposals/Repayments
(145,000)
-
(145,000)
At 31 May 2023
1,537,000
627,392
2,164,392
At 31 May 2023
Net book value
1,537,000
627,392
2,164,392
At 01 June 2022
627,392
-
627,392
5. Trade and other receivables
2022
2023
£
£
Other debtors
100
100
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
14,851
-
Other creditors
686,971
676,971
701,822
676,971
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7
For the year ended 31 May 2023
AWK Group Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
35,000
-
8. Related party transactions
The company was under the control of Mr A Knight during this year.
9. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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