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REGISTERED NUMBER: 04007636 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Aerem Limited

Aerem Limited (Registered number: 04007636)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aerem Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M C Scrace





REGISTERED OFFICE: Highfield
Rocks Lane
Uckfield
East Sussex
TN22 4BN





REGISTERED NUMBER: 04007636 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Aerem Limited (Registered number: 04007636)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 42,118 25,353

CURRENT ASSETS
Stocks 5,472 20,201
Debtors 5 316,060 75,655
Cash at bank 31,445 61,098
352,977 156,954
CREDITORS
Amounts falling due within one year 6 (207,467 ) (69,556 )
NET CURRENT ASSETS 145,510 87,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,628

112,751

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 187,528 112,651
SHAREHOLDERS' FUNDS 187,628 112,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2023 and were signed by:





M C Scrace - Director


Aerem Limited (Registered number: 04007636)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Aerem 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 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.

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

TANGIBLE 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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
Improvement Plant and and Computer
Costs machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 19,450 7,900 3,127 1,994 32,471
Additions 16,269 - 1,323 904 18,496
At 31 March 2023 35,719 7,900 4,450 2,898 50,967
DEPRECIATION
At 1 April 2022 - 4,650 2,249 219 7,118
Charge for year - 813 247 671 1,731
At 31 March 2023 - 5,463 2,496 890 8,849
NET BOOK VALUE
At 31 March 2023 35,719 2,437 1,954 2,008 42,118
At 31 March 2022 19,450 3,250 878 1,775 25,353

Aerem Limited (Registered number: 04007636)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 171,796 31,785
Other debtors 137,960 38,460
Prepayments 6,304 5,410
316,060 75,655

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 23,464 9,436
Corporation tax 17,687 1,884
VAT 24,695 6,903
Directors' current accounts 138,956 48,978
Accrued expenses 2,665 2,355
207,467 69,556

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2022 112,651
Profit for the year 76,854
Dividends (1,977 )
At 31 March 2023 187,528

9. RELATED PARTY DISCLOSURES

At the year end, other debtors include £137,960 (2022: £38,460) owed from Camvale Ltd, a company under common control.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M C Scrace.