Company Registration No. 12947109 (England and Wales)
Aino Ltd
Unaudited accounts
for the year ended 31 October 2023
Aino Ltd
Unaudited accounts
Contents
Aino Ltd
Company Information
for the year ended 31 October 2023
Directors
Charalampos Konstantinou
Jenni Gronroos
Company Number
12947109 (England and Wales)
Registered Office
128 Amberton Road
Gipton
Leeds
LS8 3TG
England
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Aino Ltd
Statement of financial position
as at 31 October 2023
Investment property
66,950
66,950
Cash at bank and in hand
5,703
4,451
Creditors: amounts falling due within one year
(72,645)
(71,857)
Net current liabilities
(66,942)
(67,406)
Net assets/(liabilities)
8
(456)
Called up share capital
2
2
Profit and loss account
6
(458)
Shareholders' funds
8
(456)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by
Charalampos Konstantinou
Director
Company Registration No. 12947109
Aino Ltd
Notes to the Accounts
for the year ended 31 October 2023
Aino Ltd is a private company, limited by shares, registered in England and Wales, registration number 12947109. The registered office is 128 Amberton Road, Gipton, Leeds, LS8 3TG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The directors have considered the effect of future events on the company and have determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
Fair value at 1 November 2022
66,950
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,127
-
Loans from directors
71,255
71,642
Aino Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).