Company Registration No. 05422308 (England and Wales)
Awangbreeds Limited
Unaudited accounts
for the year ended 28 April 2023
Awangbreeds Limited
Unaudited accounts
Contents
Awangbreeds Limited
Company Information
for the year ended 28 April 2023
Company Number
05422308 (England and Wales)
Registered Office
Congress House
Lyon Road
Harrow
HA1 2EN
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Awangbreeds Limited
Statement of financial position
as at 28 April 2023
Tangible assets
3,526
2,103
Cash at bank and in hand
406
1,309
Creditors: amounts falling due within one year
(9,077)
(13,229)
Net current liabilities
(5,855)
(7,134)
Net liabilities
(2,329)
(5,031)
Called up share capital
1,000
1,000
Profit and loss account
(3,329)
(6,031)
Shareholders' funds
(2,329)
(5,031)
For the year ending 28 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2024 and were signed on its behalf by
G Breeds
Director
Company Registration No. 05422308
Awangbreeds Limited
Notes to the Accounts
for the year ended 28 April 2023
Awangbreeds Limited is a private company, limited by shares, registered in England and Wales, registration number 05422308. The registered office is Congress House, Lyon Road, Harrow, HA1 2EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Awangbreeds Limited
Notes to the Accounts
for the year ended 28 April 2023
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
The director considered it appropriate to prepare the financial statements on a going concern basis as the company retains the financial support of the directors and shareholders, and as such the company is able to pay its debts as they fall due.
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 29 April 2022
4,003
6,236
10,239
At 28 April 2023
6,602
6,236
12,838
At 29 April 2022
2,216
5,920
8,136
Charge for the year
1,097
79
1,176
At 28 April 2023
3,313
5,999
9,312
At 28 April 2023
3,289
237
3,526
At 28 April 2022
1,787
316
2,103
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,183
8,743
Taxes and social security
616
188
Loans from directors
3,178
2,198
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Transactions with related parties
At the balance sheet date , the sum of £3,178 (2022: £2,198) was owed to the director, G Breed. This loan is unsecured, interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).