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REGISTERED NUMBER: 12169114 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2021

for

AEM Business Ltd

AEM Business Ltd (Registered number: 12169114)






Contents of the Financial Statements
for the Year Ended 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AEM Business Ltd

Company Information
for the Year Ended 31 August 2021







DIRECTOR: Mr A E Martin





SECRETARY:





REGISTERED OFFICE: 9 Station Road
Williton
Taunton
Somerset
TA4 4RJ





REGISTERED NUMBER: 12169114 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
3 The Courtyard
Timothy's Bridge Road
Stratford-Upon-Avon
CV37 9NP

AEM Business Ltd (Registered number: 12169114)

Balance Sheet
31 August 2021

31.8.21 31.8.20
Notes £    £   
CURRENT ASSETS
Debtors 4 7,799 887
Cash at bank 37,206 21,851
45,005 22,738
CREDITORS
Amounts falling due within one year 5 9,707 18,626
NET CURRENT ASSETS 35,298 4,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,298

4,112

CREDITORS
Amounts falling due after more than
one year

6

9,882

-
NET ASSETS 25,416 4,112

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 25,406 4,102
SHAREHOLDERS' FUNDS 25,416 4,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AEM Business Ltd (Registered number: 12169114)

Balance Sheet - continued
31 August 2021


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 director and authorised for issue on 15 August 2022 and were signed by:





Mr A E Martin - Director


AEM Business Ltd (Registered number: 12169114)

Notes to the Financial Statements
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

AEM Business Ltd 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 (£).


All monetary amounts are rounded to the nearest pound.

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.

Going concern
The financial statements have been prepared on a going concern basis.

Judgements and estimates
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

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.


AEM Business Ltd (Registered number: 12169114)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

2. ACCOUNTING POLICIES - continued
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 1 (2020 - 1 ) .

4. DEBTORS
31.8.21 31.8.20
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 487 -

Amounts falling due after more than one year:
Trade debtors 7,312 887

Aggregate amounts 7,799 887

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans and overdrafts 2,320 -
Trade creditors 139 8,436
Taxation and social security 5,501 8,167
Other creditors 1,747 2,023
9,707 18,626

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans 9,882 -

AEM Business Ltd (Registered number: 12169114)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.21 31.8.20
value: £    £   
1,000 Ordinary 0.01 10 10