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Registered Number: 12042431
England and Wales

 

 

 

AEY FINANCE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Director Tevinder Singh Gill
Registered Number 12042431
Registered Office 85 Great Portland Street
First Floor London
W1W 7LT
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 30 June 2023
Principal activities
The companys principal activity during the year was that of management consultancy activities other than financial management.
Director
The director who served the company throughout the year was as follows:
Tevinder Singh Gill
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Tevinder Singh Gill
Director

Date approved: 30 October 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Investments 3 7,600    1,600 
7,600    1,600 
Current assets      
Debtors 4 64    30,287 
Cash at bank and in hand 115,697    948 
115,761    31,235 
Creditors: amount falling due within one year 5 (66,399)   (32,017)
Net current assets 49,362    (782)
 
Total assets less current liabilities 56,962    818 
Net assets 56,962    818 
 

Capital and reserves
     
Called up share capital 6 1    1 
Profit and loss account 56,961    817 
Shareholder's funds 56,962    818 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 30 October 2023 and were signed by:


-------------------------------
Tevinder Singh Gill
Director
3
General Information
Aey Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 12042431, registration address 85 Great Portland Street, First Floor London, W1W 7LT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 July 2022 1,600    1,600 
Additions 6,000    6,000 
Transfer to/from tangible fixed assets  
Disposals  
At 30 June 2023 7,600    7,600 

4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Directors' Current Accounts 64    30,287 
64    30,287 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 11,765   
Bounceback Loan   30,000 
Corporation Tax 21,526    1,207 
PAYE & Social Security 2,230   
Accrued Expenses   810 
Dividends Payable - Equity 30,000   
VAT 878   
66,399    32,017 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Ordinary share of £1.00 each  
 

4