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Company Registration No. 12834972 (England and Wales)
DR AWO LIMITED Unaudited accounts for the year ended 31 August 2024
DR AWO LIMITED Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
DR AWO LIMITED Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
325,000
325,000
Current assets
Cash at bank and in hand
4,333
5,921
Creditors: amounts falling due within one year
5
(36,756)
(36,779)
Net current liabilities
(32,423)
(30,858)
Total assets less current liabilities
292,577
294,142
Creditors: amounts falling due after more than one year
6
(230,733)
(235,733)
Net assets
61,844
58,409
Capital and reserves
Called up share capital
1
1
Revaluation reserve
10,330
10,330
Profit and loss account
51,513
48,078
Shareholders' funds
61,844
58,409
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 May 2025 and were signed on its behalf by
Oluwakorede Oluwatosin Director Company Registration No. 12834972
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DR AWO LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
DR AWO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12834972. The registered office is 55 BUCKNALLS LANE, WATFORD, HERFORDSHIRE, WD25 9NE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024
£
Fair value at 1 September 2023
325,000
At 31 August 2024
325,000
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
806
703
Other creditors
5,000
5,000
Loans from directors
30,230
30,356
Accruals
720
720
36,756
36,779
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DR AWO LIMITED Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
195,000
195,000
Other creditors
35,733
40,733
230,733
235,733
7
Transactions with related parties
Included within 'Other Creditors' is amount £40,733 owed to companies held under common control of director Dr O Oluwatosin
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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