Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.11false2023-07-01falseinsurance agents and brokers10falsetrue 09667966 2023-07-01 2024-06-30 09667966 2022-07-01 2023-06-30 09667966 2024-06-30 09667966 2023-06-30 09667966 c:Director1 2023-07-01 2024-06-30 09667966 d:OfficeEquipment 2023-07-01 2024-06-30 09667966 d:OfficeEquipment 2024-06-30 09667966 d:OfficeEquipment 2023-06-30 09667966 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09667966 d:CurrentFinancialInstruments 2024-06-30 09667966 d:CurrentFinancialInstruments 2023-06-30 09667966 d:Non-currentFinancialInstruments 2024-06-30 09667966 d:Non-currentFinancialInstruments 2023-06-30 09667966 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09667966 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09667966 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09667966 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09667966 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 09667966 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09667966 d:ShareCapital 2024-06-30 09667966 d:ShareCapital 2023-06-30 09667966 d:RetainedEarningsAccumulatedLosses 2024-06-30 09667966 d:RetainedEarningsAccumulatedLosses 2023-06-30 09667966 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09667966 c:OrdinaryShareClass1 2024-06-30 09667966 c:OrdinaryShareClass1 2023-06-30 09667966 c:OrdinaryShareClass2 2023-07-01 2024-06-30 09667966 c:OrdinaryShareClass2 2024-06-30 09667966 c:OrdinaryShareClass2 2023-06-30 09667966 c:OrdinaryShareClass3 2023-07-01 2024-06-30 09667966 c:OrdinaryShareClass3 2024-06-30 09667966 c:FRS102 2023-07-01 2024-06-30 09667966 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09667966 c:FullAccounts 2023-07-01 2024-06-30 09667966 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09667966 6 2023-07-01 2024-06-30 09667966 1 2024-06-30 09667966 1 2023-06-30 09667966 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09667966









AWS FINANCIAL SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
AWS FINANCIAL SERVICES LIMITED
REGISTERED NUMBER: 09667966

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,594
3,996

Investments
 5 
121,000
121,000

  
127,594
124,996

Current assets
  

Debtors: amounts falling due within one year
 6 
340,615
309,196

Cash at bank and in hand
 7 
85,786
80,057

  
426,401
389,253

Creditors: amounts falling due within one year
 8 
(92,842)
(99,647)

Net current assets
  
 
 
333,559
 
 
289,606

Total assets less current liabilities
  
461,153
414,602

Creditors: amounts falling due after more than one year
 9 
(5,224)
(15,851)

  

Net assets
  
455,929
398,751


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
455,829
398,651

  
455,929
398,751


The director considers 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 director acknowledges his 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.
Page 1

 
AWS FINANCIAL SERVICES LIMITED
REGISTERED NUMBER: 09667966
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


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: 





Ashley Warren Slade
Director

Date: 14 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AWS FINANCIAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

AWS Financial Services Limited is a private company limited by shares and registered in England and Wales. The company's registered address is Charles Lake House Claire Causeway, Cross Business Park, Draftford, Kent, DA2 6QA. 
The principal activity of the company is that of Insurance agents and brokers. 

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

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:

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.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

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

Page 3

 
AWS FINANCIAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
AWS FINANCIAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 10).

Page 5

 
AWS FINANCIAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2023
10,296


Additions
4,015



At 30 June 2024

14,311



Depreciation


At 1 July 2023
6,300


Charge for the year
1,417



At 30 June 2024

7,717



Net book value



At 30 June 2024
6,594



At 30 June 2023
3,996

Page 6

 
AWS FINANCIAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 July 2023
238,289



At 30 June 2024

238,289



Impairment


At 1 July 2023
117,289



At 30 June 2024

117,289



Net book value



At 30 June 2024
121,000



At 30 June 2023
121,000

Page 7

 
AWS FINANCIAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
77,048
101,172

Other debtors
263,567
208,024

340,615
309,196



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
85,786
80,057

85,786
80,057



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
11,233
23,829

Corporation tax
60,014
54,413

Other creditors
6,200
5,296

Accruals
15,395
16,109

92,842
99,647



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,224
15,851

5,224
15,851


Page 8

 
AWS FINANCIAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
11,233
23,829

Amounts falling due 1-2 years

Bank loans
5,224
15,851

16,457
39,680



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



90 (2023 - 95) Ordinary shares of £1.00 each
90
95
5 (2023 - 5) Ordinary A shares of £1.00 each
5
5
5 (2023 - ) Ordinary B shares of £1.00 each
5
-

100

100



12.


Related party transactions

Included within other debtors is an amount due from Harold Slade Ltd, a company with common director, of £135,542 (2023: £99,783).


13.


Controlling party

The director is the ultimate controlling party of the company by virtue of his shareholding.

 
Page 9