IRIS Accounts Production v25.1.4.42 00420940 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 289141 289031 110 110 289251 289141 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004209402023-12-31004209402024-12-31004209402024-01-012024-12-31004209402022-12-31004209402023-01-012023-12-31004209402023-12-3100420940ns15:EnglandWales2024-01-012024-12-3100420940ns14:PoundSterling2024-01-012024-12-3100420940ns10:Director12024-01-012024-12-3100420940ns10:Director22024-01-012024-12-3100420940ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100420940ns10:SmallEntities2024-01-012024-12-3100420940ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3100420940ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100420940ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100420940ns10:FullAccounts2024-01-012024-12-3100420940ns10:OrdinaryShareClass12024-01-012024-12-3100420940ns10:Director1412023-12-3100420940ns10:Director1412022-12-3100420940ns10:Director1412024-01-012024-12-3100420940ns10:Director1412023-01-012023-12-3100420940ns10:Director1412024-12-3100420940ns10:Director1412023-12-3100420940ns10:RegisteredOffice2024-01-012024-12-3100420940ns5:CurrentFinancialInstruments2024-12-3100420940ns5:CurrentFinancialInstruments2023-12-3100420940ns5:ShareCapital2024-12-3100420940ns5:ShareCapital2023-12-3100420940ns5:RevaluationReserve2024-12-3100420940ns5:RevaluationReserve2023-12-3100420940ns5:CapitalRedemptionReserve2024-12-3100420940ns5:CapitalRedemptionReserve2023-12-3100420940ns5:RetainedEarningsAccumulatedLosses2024-12-3100420940ns5:RetainedEarningsAccumulatedLosses2023-12-310042094012024-01-012024-12-3100420940ns5:LandBuildings2023-12-3100420940ns5:LandBuildings2024-01-012024-12-3100420940ns5:LandBuildings2024-12-3100420940ns5:LandBuildings2023-12-3100420940ns5:DeferredTaxation2023-12-3100420940ns5:DeferredTaxation2024-01-012024-12-3100420940ns5:DeferredTaxation2024-12-3100420940ns10:OrdinaryShareClass12024-12-3100420940ns5:RetainedEarningsAccumulatedLosses2023-12-3100420940ns5:RevaluationReserve2023-12-3100420940ns5:CapitalRedemptionReserve2023-12-3100420940ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3100420940ns10:Director222023-12-3100420940ns10:Director222022-12-3100420940ns10:Director222024-01-012024-12-3100420940ns10:Director222023-01-012023-12-3100420940ns10:Director222024-12-3100420940ns10:Director222023-12-31
REGISTERED NUMBER: 00420940 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AWAN SERVICES LIMITED

AWAN SERVICES LIMITED (REGISTERED NUMBER: 00420940)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AWAN SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: N Awan
Mrs S Awan





REGISTERED OFFICE: 10 Hidcote Road
Oadby
Leicester
Leicestershire
LE2 5PE





REGISTERED NUMBER: 00420940 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

AWAN SERVICES LIMITED (REGISTERED NUMBER: 00420940)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 613,000 331,000

CURRENT ASSETS
Stocks 1,135 -
Debtors 5 8,000 155,000
Cash at bank 35,041 234,569
44,176 389,569
CREDITORS
Amounts falling due within one year 6 396,909 376,296
NET CURRENT (LIABILITIES)/ASSETS (352,733 ) 13,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,267

344,273

PROVISIONS FOR LIABILITIES 7 14,278 14,073
NET ASSETS 245,989 330,200

CAPITAL AND RESERVES
Called up share capital 8 1,500 1,500
Revaluation reserve 9 282,375 281,296
Capital redemption reserve 9 1,500 1,500
Retained earnings 9 (39,386 ) 45,904
SHAREHOLDERS' FUNDS 245,989 330,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AWAN SERVICES LIMITED (REGISTERED NUMBER: 00420940)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:




N Awan - Director



Mrs S Awan - Director


AWAN SERVICES LIMITED (REGISTERED NUMBER: 00420940)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Awan Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade 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. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

AWAN SERVICES LIMITED (REGISTERED NUMBER: 00420940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.


Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
The financial statements are presented in GBP, being both the company's functional and presentation currency. Transactions denominated in foreign currencies are translated into GBP at the rates of exchange in operation on the dates of the transactions. Monetary assets and liabilities expressed in foreign currencies are translated into GBP at the rates of exchange prevailing at the date of the Statements of Financial Position. Translation differences are dealt with through the Statement of Comprehensive Income in the period in which they arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

AWAN SERVICES LIMITED (REGISTERED NUMBER: 00420940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 January 2024 331,000
Additions 280,921
Revaluations 1,079
At 31 December 2024 613,000
NET BOOK VALUE
At 31 December 2024 613,000
At 31 December 2023 331,000

Cost or valuation at 31 December 2024 is represented by:

Freehold
property
£   
Valuation in 2024 613,000

Freehold land and buildings were valued on an open market basis on 31 December 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,000 155,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 7,495 2,659
Wages control 2,095 2,095
Directors' current accounts 290,250 289,140
Accruals and deferred income 4,667 -
Accrued expenses 92,402 82,402
396,909 376,296

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 14,278 14,073

Deferred
tax
£   
Balance at 1 January 2024 14,073
Charge to Income Statement during year 205
Balance at 31 December 2024 14,278

AWAN SERVICES LIMITED (REGISTERED NUMBER: 00420940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,500 Ordinary 1 1,500 1,500

9. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2024 45,904 281,296 1,500 328,700
Deficit for the year (84,211 ) (84,211 )
Revaluation (1,079 ) 1,079 - -
At 31 December 2024 (39,386 ) 282,375 1,500 244,489

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mrs S Awan and N Awan
Balance outstanding at start of year 289,141 289,031
Amounts advanced 110 110
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 289,251 289,141

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Awan and Mrs S Awan.