REGISTERED NUMBER: 03899723 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

AAWEN DESIGN STUDIO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J T Statham

A S Taylor

SECRETARY:

J T Statham

REGISTERED OFFICE:

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

REGISTERED NUMBER:

03899723 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

2,143

2,856

CURRENT ASSETS

Stocks

524

509

Debtors

5

12,583

15,395

Cash at bank and in hand

7,455

8,310

20,562

24,214

CREDITORS

Amounts falling due within one year

6

19,180

19,586

NET CURRENT ASSETS

1,382

4,628

TOTAL ASSETS LESS CURRENT LIABILITIES

3,525

7,484

PROVISIONS FOR LIABILITIES

339

483

NET ASSETS

3,186

7,001

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,184

6,999

SHAREHOLDERS' FUNDS

3,186

7,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 10 May 2018 and were signed on its behalf by:

A S Taylor - Director

J T Statham - Director

1.	STATUTORY INFORMATION

Aawen Design Studio 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods & services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

20,572

10,122

30,694

DEPRECIATION

At 1 April 2017

19,822

8,016

27,838

Charge for year

186

527

713

At 31 March 2018

20,008

8,543

28,551

NET BOOK VALUE

At 31 March 2018

564

1,579

2,143

At 31 March 2017

750

2,106

2,856

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

12,583

15,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

1,200

1,696

Corporation tax

4,849

8,179

Social security and other taxes

3,870

3,650

Directors' current accounts

8,498

5,298

Accrued expenses

763

763

19,180

19,586

7.	RELATED PARTY DISCLOSURES

The company is controlled by it's directors, J T Statham & A S Taylor, by virtue of the fact that between them

they own one hundred percent of the company's ordinary issued share capital.