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REGISTERED NUMBER: 05768575 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

AERATECH LIMITED

AERATECH LIMITED (REGISTERED NUMBER: 05768575)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AERATECH LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTORS: C Mitchell
J T Eaton





SECRETARY: C Mitchell





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 05768575 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

AERATECH LIMITED (REGISTERED NUMBER: 05768575)

BALANCE SHEET
31st May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,534 97,746

CURRENT ASSETS
Debtors 5 187,959 230,561
Cash at bank 432,183 316,512
620,142 547,073
CREDITORS
Amounts falling due within one year 6 164,622 183,418
NET CURRENT ASSETS 455,520 363,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,054

461,401

PROVISIONS FOR LIABILITIES 7 15,026 10,213
NET ASSETS 577,028 451,188

CAPITAL AND RESERVES
Called up share capital 8 10,020 10,020
Retained earnings 567,008 441,168
SHAREHOLDERS' FUNDS 577,028 451,188

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

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

AERATECH LIMITED (REGISTERED NUMBER: 05768575)

BALANCE SHEET - continued
31st May 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd February 2024 and were signed on its behalf by:





C Mitchell - Director


AERATECH LIMITED (REGISTERED NUMBER: 05768575)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Aeratech 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 fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

AERATECH LIMITED (REGISTERED NUMBER: 05768575)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2022 1,330 69,174 71,316 12,273 154,093
Additions - 15,253 53,581 3,655 72,489
At 31st May 2023 1,330 84,427 124,897 15,928 226,582
DEPRECIATION
At 1st June 2022 852 27,956 19,592 7,947 56,347
Charge for year 72 7,835 23,798 1,996 33,701
At 31st May 2023 924 35,791 43,390 9,943 90,048
NET BOOK VALUE
At 31st May 2023 406 48,636 81,507 5,985 136,534
At 31st May 2022 478 41,218 51,724 4,326 97,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 178,312 225,359
Other debtors 908 700
Prepayments 8,739 4,502
187,959 230,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade creditors 7,517 4,350
Tax 52,431 69,155
Social security and other taxes 97,024 102,475
Other creditors 182 182
Directors' current accounts 1,368 1,256
Accrued expenses 6,100 6,000
164,622 183,418

7. PROVISIONS FOR LIABILITIES
31/5/23 31/5/22
£    £   
Deferred tax 15,026 10,213

AERATECH LIMITED (REGISTERED NUMBER: 05768575)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st June 2022 10,213
Advanced capital allowances 4,813
Balance at 31st May 2023 15,026

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
1,002 Ordinary shares £10 10,020 10,020
2 Ordinary non-voting 'A' 1p - -
2 Ordinary non-voting 'B' 1p - -
1 Ordinary non-voting 'C' 1p - -
1 Ordinary non-voting 'D' 1p - -
1 Ordinary non-voting 'E' 1p - -
10,020 10,020

9. CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st May 2023 and 31st May 2022.

10. CAPITAL COMMITMENTS
31/5/23 31/5/22
£    £   
Contracted but not provided for in the
financial statements - -