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Registered number: 14061203
Awen Creatives Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14061203
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 892 1,036
892 1,036
CURRENT ASSETS
Debtors 5 2,020 1,900
Cash at bank and in hand 5,648 16,997
7,668 18,897
Creditors: Amounts Falling Due Within One Year 6 (4,409 ) (18,603 )
NET CURRENT ASSETS (LIABILITIES) 3,259 294
TOTAL ASSETS LESS CURRENT LIABILITIES 4,151 1,330
NET ASSETS 4,151 1,330
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 4,051 1,230
SHAREHOLDERS' FUNDS 4,151 1,330
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Julie Roman
Director
03/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Awen Creatives Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14061203 . The registered office is The Bowler Barn, Bartletts Court, Bath Road, Littlewick Green, Maidenhead, Berks, SL6 3RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Straight line over 3 years
Computer Equipment Straight line over 3 years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
2.5. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 79 1,202 1,281
Additions 318 49 367
As at 30 April 2024 397 1,251 1,648
Depreciation
As at 1 May 2023 13 232 245
Provided during the period 106 405 511
As at 30 April 2024 119 637 756
Net Book Value
As at 30 April 2024 278 614 892
As at 1 May 2023 66 970 1,036
5. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Trade debtors 1,750 1,200
Prepayments and accrued income 270 700
2,020 1,900
6. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Corporation tax 3,850 6,356
Director's loan account 559 12,247
4,409 18,603
7. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company is controlled by its director, Julie Roman by virtue of their 100% shareholding.
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