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REGISTERED NUMBER: 03800136 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AARON MANUFACTURING LIMITED

AARON MANUFACTURING LIMITED (REGISTERED NUMBER: 03800136)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 3


AARON MANUFACTURING LIMITED (REGISTERED NUMBER: 03800136)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 251,425 300,365

Current assets
Stocks 42,889 21,906
Debtors 5 383,151 378,231
Cash at bank 614,124 418,403
1,040,164 818,540
Creditors
Amounts falling due within one year 6 243,933 113,375
Net current assets 796,231 705,165
Total assets less current liabilities 1,047,656 1,005,530

Creditors
Amounts falling due after more than one year 7 - (90,955 )

Provisions for liabilities 9 (36,616 ) (44,323 )
Net assets 1,011,040 870,252

Capital and reserves
Called up share capital 10 100 100
Retained earnings 1,010,940 870,152
Shareholders' funds 1,011,040 870,252

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

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

AARON MANUFACTURING LIMITED (REGISTERED NUMBER: 03800136)

BALANCE SHEET - continued
31 DECEMBER 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:




Mr L Coulling - Director



Mr A Coulling - Director


AARON MANUFACTURING LIMITED (REGISTERED NUMBER: 03800136)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

Aaron Manufacturing Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03800136. The Registered Office and business address is Unit K/L, 25-27 Willis Way, Fleets Industrial Estate, Poole, BH15 3TD.

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 represents work undertaken in respect of precision engineering services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

AARON MANUFACTURING LIMITED (REGISTERED NUMBER: 03800136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 20 (2022 - 20 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 January 2023 1,754,496 68,235 174,104 1,996,835
Additions 12,227 22,641 - 34,868
At 31 December 2023 1,766,723 90,876 174,104 2,031,703
Depreciation
At 1 January 2023 1,596,739 29,159 70,572 1,696,470
Charge for year 42,496 15,429 25,883 83,808
At 31 December 2023 1,639,235 44,588 96,455 1,780,278
Net book value
At 31 December 2023 127,488 46,288 77,649 251,425
At 31 December 2022 157,757 39,076 103,532 300,365

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 January 2023
and 31 December 2023 134,800
Depreciation
At 1 January 2023 35,806
Charge for year 24,749
At 31 December 2023 60,555
Net book value
At 31 December 2023 74,245
At 31 December 2022 98,994

AARON MANUFACTURING LIMITED (REGISTERED NUMBER: 03800136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 358,874 331,921
Directors' current accounts 8,775 8,527
Tax - 24,374
Prepayments and accrued income 15,502 13,409
383,151 378,231

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 86,553 23,124
Trade creditors 27,893 5,930
Tax 1,252 -
Social security and other taxes 13,096 12,024
VAT 51,781 33,492
Pension creditor 2,488 1,556
Other creditors 4,403 8,805
Directors' current accounts 5,522 5,935
Accruals and deferred income 50,945 22,509
243,933 113,375

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts - 86,553
Other creditors - 4,402
- 90,955

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 109,677

Hire purchase liabilities are secured against the assets to which they relate.

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 36,616 44,323

AARON MANUFACTURING LIMITED (REGISTERED NUMBER: 03800136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 January 2023 44,323
Credit to Income statement during year (7,707 )
Balance at 31 December 2023 36,616

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
84 Ordinary £1 84 100
16 B Ordinary £1 16 -
100 100

During the year 16 Ordinary £1 shares were re-designated as 16 £1 B Ordinary shares.

11. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr A Coulling
Balance outstanding at start of year 8,527 36,766
Amounts advanced 64,957 67,613
Amounts repaid (64,709 ) (95,852 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,775 8,527

At the balance sheet date the Director, Mr A Coulling, owed the company amounts totalling £8,775 (2022: £8,527), which are included within debtors. The amount owing at the balance sheet date was the maximum amount owing throughout the year, and all balances were repaid within 9 months of the year end.

12. Ultimate controlling party

The company is under the control of its directors who are also shareholders. No one shareholder is deemed to have control by virtue of their shareholding.