Company Registration No. 06707388 (England and Wales)
Awards International Limited
Unaudited accounts
for the year ended 31 December 2024
Awards International Limited
Unaudited accounts
Contents
Awards International Limited
Company Information
for the year ended 31 December 2024
Directors
Mr Cornelius Skehel
Mrs Ivana Kircanski
Company Number
06707388 (England and Wales)
Registered Office
Acacia Farm
Lower Road
Royston
Hertfordshire
SG8 0EE
Awards International Limited
Statement of financial position
as at 31 December 2024
Intangible assets
7,659
8,752
Tangible assets
15,915
12,269
Cash at bank and in hand
11,855
16,949
Creditors: amounts falling due within one year
(276,169)
(213,602)
Net current assets
103,501
91,365
Total assets less current liabilities
127,075
112,386
Creditors: amounts falling due after more than one year
(39,285)
(48,257)
Called up share capital
90
90
Profit and loss account
87,700
64,039
Shareholders' funds
87,790
64,129
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Mr Cornelius Skehel
Director
Company Registration No. 06707388
Awards International Limited
Notes to the Accounts
for the year ended 31 December 2024
Awards International Limited is a private company, limited by shares, registered in England and Wales, registration number 06707388. The registered office is Acacia Farm, Lower Road, Royston, Hertfordshire, SG8 0EE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on written down value
Motor vehicles
20% on cost
Fixtures & fittings
25% on written down value
Computer equipment
33.3% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Awards International Limited
Notes to the Accounts
for the year ended 31 December 2024
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
At 31 December 2024
10,940
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
2,865
3,000
14,814
101,336
122,015
Additions
-
-
-
8,298
8,298
At 31 December 2024
2,865
3,000
14,814
109,634
130,313
At 1 January 2024
751
150
12,994
95,851
109,746
Charge for the year
423
570
456
3,203
4,652
At 31 December 2024
1,174
720
13,450
99,054
114,398
At 31 December 2024
1,691
2,280
1,364
10,580
15,915
At 31 December 2023
2,114
2,850
1,820
5,485
12,269
Awards International Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
36,579
27,571
Amounts due from group undertakings etc.
331,236
260,447
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
124,391
72,704
Trade creditors
78,618
105,834
Amounts owed to group undertakings and other participating interests
34,620
18,747
Taxes and social security
7,613
2,976
Other creditors
5,277
8,716
Loans from directors
23,650
-
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).