Company registration number 09700484 (England and Wales)
AVW STRATEGIC CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
AVW STRATEGIC CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
AVW STRATEGIC CONSULTING LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
804
1,072
Current assets
Stocks
866
6,159
Debtors
5
695
12,123
Cash at bank and in hand
5,384
3,632
6,945
21,914
Creditors: amounts falling due within one year
6
(5,129)
(9,947)
Net current assets
1,816
11,967
Net assets
2,620
13,039
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
2,610
13,029
Total equity
2,620
13,039

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

AVW STRATEGIC CONSULTING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 January 2024 and are signed on its behalf by:
Mr A V Williams
Director
Company registration number 09700484 (England and Wales)
AVW STRATEGIC CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

AVW Strategic Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Hilliards Court, Chester Business Park, Chester, Cheshire, CH4 9PX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Reducing Balance
Computers
25% Reducing Balance
1.4
Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

AVW STRATEGIC CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
AVW STRATEGIC CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 August 2022 and 31 July 2023
1,150
3,432
4,582
Depreciation and impairment
At 1 August 2022
998
2,512
3,510
Depreciation charged in the year
38
230
268
At 31 July 2023
1,036
2,742
3,778
Carrying amount
At 31 July 2023
114
690
804
At 31 July 2022
152
920
1,072
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
11,217
Other debtors
695
906
695
12,123
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
668
5,411
Other taxation and social security
1,048
1,171
Other creditors
3,413
3,365
5,129
9,947
2023-07-312022-08-01false18 January 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr A V WilliamsMrs A J Williamsfalse097004842022-08-012023-07-31097004842023-07-31097004842022-07-3109700484core:FurnitureFittings2023-07-3109700484core:ComputerEquipment2023-07-3109700484core:FurnitureFittings2022-07-3109700484core:ComputerEquipment2022-07-3109700484core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3109700484core:CurrentFinancialInstrumentscore:WithinOneYear2022-07-3109700484core:CurrentFinancialInstruments2023-07-3109700484core:CurrentFinancialInstruments2022-07-3109700484core:ShareCapital2023-07-3109700484core:ShareCapital2022-07-3109700484core:RetainedEarningsAccumulatedLosses2023-07-3109700484core:RetainedEarningsAccumulatedLosses2022-07-3109700484bus:Director12022-08-012023-07-3109700484core:FurnitureFittings2022-08-012023-07-3109700484core:ComputerEquipment2022-08-012023-07-31097004842021-08-012022-07-3109700484core:FurnitureFittings2022-07-3109700484core:ComputerEquipment2022-07-31097004842022-07-3109700484core:WithinOneYear2023-07-3109700484core:WithinOneYear2022-07-3109700484bus:PrivateLimitedCompanyLtd2022-08-012023-07-3109700484bus:SmallCompaniesRegimeForAccounts2022-08-012023-07-3109700484bus:FRS1022022-08-012023-07-3109700484bus:AuditExemptWithAccountantsReport2022-08-012023-07-3109700484bus:Director22022-08-012023-07-3109700484bus:FullAccounts2022-08-012023-07-31xbrli:purexbrli:sharesiso4217:GBP