Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01truefalseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02710774 2022-12-01 2023-11-30 02710774 2021-12-01 2022-11-30 02710774 2023-11-30 02710774 2022-11-30 02710774 c:Director1 2022-12-01 2023-11-30 02710774 d:CurrentFinancialInstruments 2023-11-30 02710774 d:CurrentFinancialInstruments 2022-11-30 02710774 d:Non-currentFinancialInstruments 2023-11-30 02710774 d:Non-currentFinancialInstruments 2022-11-30 02710774 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 02710774 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 02710774 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 02710774 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 02710774 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 02710774 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 02710774 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 02710774 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 02710774 d:ShareCapital 2023-11-30 02710774 d:ShareCapital 2022-11-30 02710774 d:RetainedEarningsAccumulatedLosses 2023-11-30 02710774 d:RetainedEarningsAccumulatedLosses 2022-11-30 02710774 c:FRS102 2022-12-01 2023-11-30 02710774 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 02710774 c:FullAccounts 2022-12-01 2023-11-30 02710774 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 02710774 2 2022-12-01 2023-11-30 02710774 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 02710774









AWARD APPAREL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
AWARD APPAREL LIMITED
REGISTERED NUMBER: 02710774

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
505,995
504,952

Current asset investments
 5 
50,000
50,000

Cash at bank and in hand
 6 
360,965
401,716

  
916,960
956,668

Creditors: amounts falling due within one year
 7 
(269,105)
(270,396)

Net current assets
  
 
 
647,855
 
 
686,272

Total assets less current liabilities
  
647,855
686,272

Creditors: amounts falling due after more than one year
 8 
478,555
472,329

  

Net assets
  
1,126,410
1,158,601


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
1,076,410
1,108,601

  
1,126,410
1,158,601


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 1

 
AWARD APPAREL LIMITED
REGISTERED NUMBER: 02710774
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

................................................
Amarjit Singh Dassan
Director

Date: 29 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
AWARD APPAREL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Award Apparel Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02710774  and registered office address is The Courtyard, 14a Sydenham Road, Croydon, United Kingdom, England, CR0 2EE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
AWARD APPAREL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss 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.

Page 4

 
AWARD APPAREL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Debtors

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

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.


3.


Employees

2023
2022
£
£

Social security costs
-
1,425

Cost of defined contribution scheme
90
-

90
1,425


The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Debtors

2023
2022
£
£


Trade debtors
412,157
412,157

Amounts owed by group undertakings
93,697
92,075

Other debtors
141
720

505,995
504,952


Page 5

 
AWARD APPAREL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Current asset investments

2023
2022
£
£

Shares in group undertakings
50,000
50,000

50,000
50,000



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
360,965
401,716

360,965
401,716



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
266,712
266,317

Corporation tax
-
1,000

Other creditors
2,393
2,329

Accruals and deferred income
-
750

269,105
270,396



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
38,067
44,293

Other loans
(516,622)
(516,622)

(478,555)
(472,329)


Page 6

 
AWARD APPAREL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Bank loans
38,067
44,293


38,067
44,293

Amounts falling due after more than 5 years

Other loans
(516,622)
(516,622)

(516,622)
(516,622)

(478,555)
(472,329)


 
Page 7