2023-01-012023-12-312023-12-31false13057788AEL Infotech Limited2024-03-14iso4217:GBPxbrli:pure130577882023-01-01130577882023-12-31130577882023-01-012023-12-31130577882022-01-01130577882022-12-31130577882022-01-012022-12-3113057788bus:SmallEntities2023-01-012023-12-3113057788bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113057788bus:FullAccounts2023-01-012023-12-3113057788bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113057788core:WithinOneYear2023-12-3113057788core:AfterOneYear2023-12-3113057788core:WithinOneYear2022-12-3113057788core:AfterOneYear2022-12-3113057788core:ShareCapital2023-12-3113057788core:SharePremium2023-12-3113057788core:RevaluationReserve2023-12-3113057788core:OtherReservesSubtotal2023-12-3113057788core:RetainedEarningsAccumulatedLosses2023-12-3113057788core:ShareCapital2022-12-3113057788core:SharePremium2022-12-3113057788core:RevaluationReserve2022-12-3113057788core:OtherReservesSubtotal2022-12-3113057788core:RetainedEarningsAccumulatedLosses2022-12-3113057788core:LandBuildings2023-12-3113057788core:PlantMachinery2023-12-3113057788core:Vehicles2023-12-3113057788core:FurnitureFittings2023-12-3113057788core:OfficeEquipment2023-12-3113057788core:NetGoodwill2023-12-3113057788core:IntangibleAssetsOtherThanGoodwill2023-12-3113057788core:ListedExchangeTraded2023-12-3113057788core:UnlistedNon-exchangeTraded2023-12-3113057788core:LandBuildings2022-12-3113057788core:PlantMachinery2022-12-3113057788core:Vehicles2022-12-3113057788core:FurnitureFittings2022-12-3113057788core:OfficeEquipment2022-12-3113057788core:NetGoodwill2022-12-3113057788core:IntangibleAssetsOtherThanGoodwill2022-12-3113057788core:ListedExchangeTraded2022-12-3113057788core:UnlistedNon-exchangeTraded2022-12-3113057788core:LandBuildings2023-01-012023-12-3113057788core:PlantMachinery2023-01-012023-12-3113057788core:Vehicles2023-01-012023-12-3113057788core:FurnitureFittings2023-01-012023-12-3113057788core:OfficeEquipment2023-01-012023-12-3113057788core:NetGoodwill2023-01-012023-12-3113057788core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113057788core:ListedExchangeTraded2023-01-012023-12-3113057788core:UnlistedNon-exchangeTraded2023-01-012023-12-3113057788core:MoreThanFiveYears2023-01-012023-12-3113057788core:Non-currentFinancialInstruments2023-12-3113057788core:Non-currentFinancialInstruments2022-12-3113057788dpl:CostSales2023-01-012023-12-3113057788dpl:DistributionCosts2023-01-012023-12-3113057788core:LandBuildings2023-01-012023-12-3113057788core:PlantMachinery2023-01-012023-12-3113057788core:Vehicles2023-01-012023-12-3113057788core:FurnitureFittings2023-01-012023-12-3113057788core:OfficeEquipment2023-01-012023-12-3113057788dpl:AdministrativeExpenses2023-01-012023-12-3113057788core:NetGoodwill2023-01-012023-12-3113057788core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113057788dpl:GroupUndertakings2023-01-012023-12-3113057788dpl:ParticipatingInterests2023-01-012023-12-3113057788dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113057788core:ListedExchangeTraded2023-01-012023-12-3113057788dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113057788core:UnlistedNon-exchangeTraded2023-01-012023-12-3113057788dpl:CostSales2022-01-012022-12-3113057788dpl:DistributionCosts2022-01-012022-12-3113057788core:LandBuildings2022-01-012022-12-3113057788core:PlantMachinery2022-01-012022-12-3113057788core:Vehicles2022-01-012022-12-3113057788core:FurnitureFittings2022-01-012022-12-3113057788core:OfficeEquipment2022-01-012022-12-3113057788dpl:AdministrativeExpenses2022-01-012022-12-3113057788core:NetGoodwill2022-01-012022-12-3113057788core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113057788dpl:GroupUndertakings2022-01-012022-12-3113057788dpl:ParticipatingInterests2022-01-012022-12-3113057788dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113057788core:ListedExchangeTraded2022-01-012022-12-3113057788dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113057788core:UnlistedNon-exchangeTraded2022-01-012022-12-3113057788core:NetGoodwill2023-12-3113057788core:IntangibleAssetsOtherThanGoodwill2023-12-3113057788core:LandBuildings2023-12-3113057788core:PlantMachinery2023-12-3113057788core:Vehicles2023-12-3113057788core:FurnitureFittings2023-12-3113057788core:OfficeEquipment2023-12-3113057788core:AfterOneYear2023-12-3113057788core:WithinOneYear2023-12-3113057788core:ListedExchangeTraded2023-12-3113057788core:UnlistedNon-exchangeTraded2023-12-3113057788core:ShareCapital2023-12-3113057788core:SharePremium2023-12-3113057788core:RevaluationReserve2023-12-3113057788core:OtherReservesSubtotal2023-12-3113057788core:RetainedEarningsAccumulatedLosses2023-12-3113057788core:NetGoodwill2022-12-3113057788core:IntangibleAssetsOtherThanGoodwill2022-12-3113057788core:LandBuildings2022-12-3113057788core:PlantMachinery2022-12-3113057788core:Vehicles2022-12-3113057788core:FurnitureFittings2022-12-3113057788core:OfficeEquipment2022-12-3113057788core:AfterOneYear2022-12-3113057788core:WithinOneYear2022-12-3113057788core:ListedExchangeTraded2022-12-3113057788core:UnlistedNon-exchangeTraded2022-12-3113057788core:ShareCapital2022-12-3113057788core:SharePremium2022-12-3113057788core:RevaluationReserve2022-12-3113057788core:OtherReservesSubtotal2022-12-3113057788core:RetainedEarningsAccumulatedLosses2022-12-3113057788core:NetGoodwill2022-01-0113057788core:IntangibleAssetsOtherThanGoodwill2022-01-0113057788core:LandBuildings2022-01-0113057788core:PlantMachinery2022-01-0113057788core:Vehicles2022-01-0113057788core:FurnitureFittings2022-01-0113057788core:OfficeEquipment2022-01-0113057788core:AfterOneYear2022-01-0113057788core:WithinOneYear2022-01-0113057788core:ListedExchangeTraded2022-01-0113057788core:UnlistedNon-exchangeTraded2022-01-0113057788core:ShareCapital2022-01-0113057788core:SharePremium2022-01-0113057788core:RevaluationReserve2022-01-0113057788core:OtherReservesSubtotal2022-01-0113057788core:RetainedEarningsAccumulatedLosses2022-01-0113057788core:AfterOneYear2023-01-012023-12-3113057788core:WithinOneYear2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113057788core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3113057788core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3113057788core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3113057788core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3113057788core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3113057788core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3113057788core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3113057788core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3113057788core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3113057788core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3113057788core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3113057788core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3113057788core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3113057788core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3113057788core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3113057788core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3113057788core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3113057788core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3113057788bus:Director12023-01-012023-12-3113057788bus:Director22023-01-012023-12-31

AEL Infotech Limited

Registered Number
13057788
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

AEL Infotech Limited
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Sivaganesh Elango
Kiruthiga Kuppuswamy

Registered Address

231 Kenton Road
Harrow
HA3 0HD

Registered Number

13057788 (England and Wales)
AEL Infotech Limited
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3251505
251505
Current assets
Debtors26,18423,173
Cash at bank and on hand23,41517,550
49,59940,723
Creditors amounts falling due within one year5(16,326)(16,813)
Net current assets (liabilities)33,27323,910
Total assets less current liabilities33,52424,415
Provisions for liabilities6(48)(96)
Net assets33,47624,319
Capital and reserves
Called up share capital1,0001,000
Profit and loss account32,47623,319
Shareholders' funds33,47624,319
The financial statements were approved and authorised for issue by the Board of Directors on 14 March 2024, and are signed on its behalf by:
Sivaganesh Elango
Director
Registered Company No. 13057788
AEL Infotech Limited
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number is 13057788 and registered office address is 231 Kenton Road, Harrow, England, HA3 0HD
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 231,1621,162
Additions165165
At 31 December 231,3271,327
Depreciation and impairment
At 01 January 23657657
Charge for year419419
At 31 December 231,0761,076
Net book value
At 31 December 23251251
At 31 December 22505505
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables26,01023,000
Other debtors174173
Total26,18423,173
5.Creditors: amounts due within one year

2023

2022

££
Taxation and social security15,76815,085
Other creditors5581,728
Total16,32616,813
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)4896
Total4896