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Registration number: 11995229

AWCT Consulting Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

AWCT Consulting Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

AWCT Consulting Limited

Company Information

Directors

C I Thompson

A M Woodward

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

AWCT Consulting Limited

Statement of Financial Position as at 31 March 2024

Note


 
2024
£


 
2023
£

Current assets

 

Debtors

4

5,000

21,449

Cash at bank and in hand

 

10,252

1,212

 

15,252

22,661

Creditors: Amounts falling due within one year

 

(2,759)

(6,444)

Net assets

 

12,493

16,217

Capital and reserves

 

Called up share capital

1

1

Retained earnings

12,492

16,216

Shareholders' funds

 

12,493

16,217

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 4 March 2025 and signed on its behalf by:
 

.........................................

A M Woodward

Director

Company registration number: 11995229

 

AWCT Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of management consultancy.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss in the year ended 31 March 2024 and had net assets at that date of £12,493 and cash at bank of £10,252.

The company ceased trading activities in a prior year. However, the company has cash in the bank and no overheads. On the basis of the above and after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of management consultancy services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

AWCT Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 2).

4

Debtors


 
2024
£


 
2023
£

Other debtors

5,000

21,449

5,000

21,449

5

Creditors

Creditors: amounts falling due within one year


 
2024
£


 
2023
£

Taxation and social security

-

2,544

Accruals and deferred income

2,759

3,900

2,759

6,444

6

Transactions with directors

At 31 May 2024 an amount of £5,000 (2023: £Nil) was due from the directors to the company. During the year advances of £5,000 and repayments of £Nil were made. No interest has been charged. Subsequent to the year end the amount owed was repaid by dividends totalling £5,000.