Registered number
03988687
Awaaz Enterprises Ltd
Filleted Accounts
31 May 2024
Awaaz Enterprises Ltd
Registered number: 03988687
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,465 7,606
Current assets
Debtors 4 52,060 51,956
Cash at bank and in hand 14,214 32,214
66,274 84,170
Creditors: amounts falling due within one year 5 (39,534) (36,718)
Net current assets 26,740 47,452
Total assets less current liabilities 33,205 55,058
Creditors: amounts falling due after more than one year 6 (528) (528)
Net assets 32,677 54,530
Capital and reserves
Called up share capital 1 1
Profit and loss account 32,676 54,529
Shareholders' funds 32,677 54,530
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Altaf Ramtoola
Director
Approved by the board on 12 February 2025
Awaaz Enterprises Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold refurbishment 15% reducing balance
Fixture, fittings and equipment 15% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Leasehold refurbishment Fixture, fittings and equipment Computer equipment Total
£ £ £ £
Cost
At 1 June 2023 21,570 90,537 54,866 166,973
At 31 May 2024 21,570 90,537 54,866 166,973
Depreciation
At 1 June 2023 20,735 84,363 54,269 159,367
Charge for the year 125 926 90 1,141
At 31 May 2024 20,860 85,289 54,359 160,508
Net book value
At 31 May 2024 710 5,248 507 6,465
At 31 May 2023 835 6,174 597 7,606
4 Debtors 2024 2023
£ £
Trade debtors 20,696 20,696
Other debtors 31,364 31,260
52,060 51,956
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,150 3,150
Taxation and social security costs 603 38
Other creditors 35,781 33,530
39,534 36,718
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 528 528
7 Other information
Awaaz Enterprises Ltd is a private company limited by shares and incorporated in England. Its registered office is:
122 Waterloo Road
Manchester
M8 8AF
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