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REGISTERED NUMBER: 02763111 (England and Wales)














ADVANCED WORKPLACE ASSOCIATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






ADVANCED WORKPLACE ASSOCIATES LIMITED (REGISTERED NUMBER: 02763111)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADVANCED WORKPLACE ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2023







DIRECTOR: W A Mawson



SECRETARY: Mrs A M Mawson



REGISTERED OFFICE: 167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH



REGISTERED NUMBER: 02763111 (England and Wales)



ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH



BANKERS: HSBC Bank plc
122 Wembley Park Drive
Wembley Park
Middlesex
HA9 8HT

ADVANCED WORKPLACE ASSOCIATES LIMITED (REGISTERED NUMBER: 02763111)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,224 55,864
Investments 5 - 666
46,224 56,530

CURRENT ASSETS
Debtors 424,751 413,267
Cash at bank 60,332 386,648
485,083 799,915
CREDITORS
Amounts falling due within one year 406,332 456,411
NET CURRENT ASSETS 78,751 343,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,975

400,034

CAPITAL AND RESERVES
Called up share capital 52 52
Share premium 570 570
Capital redemption reserve 48 48
Retained earnings 124,305 399,364
SHAREHOLDERS' FUNDS 124,975 400,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

ADVANCED WORKPLACE ASSOCIATES LIMITED (REGISTERED NUMBER: 02763111)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





W A Mawson - Director


ADVANCED WORKPLACE ASSOCIATES LIMITED (REGISTERED NUMBER: 02763111)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Advanced Workplace Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

ADVANCED WORKPLACE ASSOCIATES LIMITED (REGISTERED NUMBER: 02763111)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 105,150
Additions 248
At 30 November 2023 105,398
DEPRECIATION
At 1 December 2022 49,286
Charge for year 9,888
At 30 November 2023 59,174
NET BOOK VALUE
At 30 November 2023 46,224
At 30 November 2022 55,864

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 December 2022 666
Disposals (666 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 666

6. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Debt factoring 69,169 -

The debt is secured by way of a registered debenture on the company.