Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Dr Trudy Pisani 29/11/2022 Sandro Sammut 29/11/2022 20/01/2017 20 February 2024 The principal activity of the Company during the financial year was to provide integrated logistics solutions for the shipping and oil and gas sectors. 07072467 2023-06-30 07072467 bus:Director1 2023-06-30 07072467 bus:Director2 2023-06-30 07072467 2022-06-30 07072467 core:CurrentFinancialInstruments 2023-06-30 07072467 core:CurrentFinancialInstruments 2022-06-30 07072467 core:ShareCapital 2023-06-30 07072467 core:ShareCapital 2022-06-30 07072467 core:RetainedEarningsAccumulatedLosses 2023-06-30 07072467 core:RetainedEarningsAccumulatedLosses 2022-06-30 07072467 core:CostValuation 2022-06-30 07072467 core:CostValuation 2023-06-30 07072467 bus:OrdinaryShareClass1 2023-06-30 07072467 2022-07-01 2023-06-30 07072467 bus:FilletedAccounts 2022-07-01 2023-06-30 07072467 bus:SmallEntities 2022-07-01 2023-06-30 07072467 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 07072467 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07072467 bus:Director1 2022-07-01 2023-06-30 07072467 bus:Director2 2022-07-01 2023-06-30 07072467 2021-01-01 2022-06-30 07072467 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 07072467 bus:OrdinaryShareClass1 2021-01-01 2022-06-30 07072467 1 2022-07-01 2023-06-30 iso4217:EUR xbrli:pure xbrli:shares

Company No: 07072467 (England and Wales)

AOST GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

AOST GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

AOST GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2023
AOST GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2023
Note 30.06.2023 30.06.2022
Fixed assets
Investments 3 589 589
589 589
Current assets
Debtors 4 80,569 112,724
80,569 112,724
Creditors: amounts falling due within one year 5 ( 125,037) ( 156,273)
Net current liabilities (44,468) (43,549)
Total assets less current liabilities (43,879) (42,960)
Net liabilities ( 43,879) ( 42,960)
Capital and reserves
Called-up share capital 6 118 118
Profit and loss account ( 43,997 ) ( 43,078 )
Total shareholder's deficit ( 43,879) ( 42,960)

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of AOST Group Limited (registered number: 07072467) were approved and authorised for issue by the Director on 20 February 2024. They were signed on its behalf by:

Dr Trudy Pisani
Director
AOST GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
AOST GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

AOST Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in EUR which is the functional currency of the Company and rounded to the nearest €.

Going concern

In 2023 the directors made the decision that the Company would cease trading. The transfer was finalised in March 2023. As a result the financial statements have been prepared on a basis other than the going concern.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Year ended
30.06.2023
Period from
01.01.2021 to
30.06.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

30.06.2023
Cost
At 01 July 2022 589
At 30 June 2023 589
Carrying value at 30 June 2023 589
Carrying value at 30 June 2022 589

4. Debtors

30.06.2023 30.06.2022
Amounts owed by Group undertakings 0 112,724
Other debtors 80,569 0
80,569 112,724

5. Creditors: amounts falling due within one year

30.06.2023 30.06.2022
Trade creditors 0 153,996
Amounts owed to Group undertakings 125,037 0
Accruals 0 2,277
125,037 156,273

6. Called-up share capital

30.06.2023 30.06.2022
Allotted, called-up and fully-paid
100 Ordinary shares of € 1.18 each 118 118

7. Related party transactions

Other related party transactions

30.06.2023 30.06.2022
Amounts owed (to)/by subsidiary (125,037) 112,724
Amounts owed by companies under common control 80,569 0

8. Events after the Balance Sheet date

It is the director’s intention, after approval of these accounts, to declare a dividend of €123,451 from the subsidiary and to apply to Companies House to have the subsidiary struck off the register. Following this, it is the director’s intention to wind up this company.