Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false2022-03-011No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07941851 2022-03-01 2023-02-28 07941851 2021-03-01 2022-02-28 07941851 2023-02-28 07941851 2022-02-28 07941851 c:Director1 2022-03-01 2023-02-28 07941851 d:OfficeEquipment 2022-03-01 2023-02-28 07941851 d:OfficeEquipment 2023-02-28 07941851 d:OfficeEquipment 2022-02-28 07941851 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07941851 d:CurrentFinancialInstruments 2023-02-28 07941851 d:CurrentFinancialInstruments 2022-02-28 07941851 d:Non-currentFinancialInstruments 2023-02-28 07941851 d:Non-currentFinancialInstruments 2022-02-28 07941851 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07941851 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07941851 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07941851 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 07941851 d:ShareCapital 2023-02-28 07941851 d:ShareCapital 2022-02-28 07941851 d:RetainedEarningsAccumulatedLosses 2023-02-28 07941851 d:RetainedEarningsAccumulatedLosses 2022-02-28 07941851 c:FRS102 2022-03-01 2023-02-28 07941851 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07941851 c:FullAccounts 2022-03-01 2023-02-28 07941851 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07941851 2 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 07941851










AIM (UK) LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
AIM (UK) LIMITED
REGISTERED NUMBER: 07941851

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,409
-

  
1,409
-

Current assets
  

Stocks
 5 
20,000
12,000

Debtors: amounts falling due within one year
 6 
57,401
259,696

Cash at bank and in hand
 7 
22,931
24,195

  
100,332
295,891

Creditors: amounts falling due within one year
 8 
(65,344)
(262,684)

Net current assets
  
 
 
34,988
 
 
33,207

Total assets less current liabilities
  
36,397
33,207

Creditors: amounts falling due after more than one year
 9 
(10,387)
(13,750)

  

Net assets
  
26,010
19,457


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
26,008
19,455

  
26,010
19,457

Page 1

 
AIM (UK) LIMITED
REGISTERED NUMBER: 07941851
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P J Farnell
Director

Date: 29 November 2023

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
AIM (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

AIM (UK) Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London, N3 1LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
AIM (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
Page 4

 
AIM (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,474



At 28 February 2023

1,474



Depreciation


Charge for the year on owned assets
65



At 28 February 2023

65



Net book value



At 28 February 2023
1,409



At 28 February 2022
-

Page 5

 
AIM (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
20,000
12,000



6.


Debtors

2023
2022
£
£


Other debtors
57,401
259,696



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
22,931
24,195



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
1,696
-

Trade creditors
135
-

Corporation tax
1,713
-

Other creditors
57,800
261,520

Accruals and deferred income
4,000
1,164

65,344
262,684



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
10,387
13,750


 
Page 6