Company Registration No. 08185548 (England and Wales)
AEM Group (Bristol) Ltd
Unaudited accounts
for the year ended 31 August 2023
AEM Group (Bristol) Ltd
Unaudited accounts
Contents
AEM Group (Bristol) Ltd
Company Information
for the year ended 31 August 2023
Company Number
08185548 (England and Wales)
Registered Office
4 Meadow Mead
Yate
Bristol
England
BS37 7UT
Accountants
Chepstow Small Business Accountants Ltd
1 Oak Bluff
Pwllmeyric
Chepstow
Monmouthshire
NP16 6JZ
AEM Group (Bristol) Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
947,038
1,155,353
Inventories
273,276
272,747
Cash at bank and in hand
712,627
245,310
Creditors: amounts falling due within one year
(1,648,166)
(938,503)
Net current assets
300,318
710,985
Total assets less current liabilities
1,247,356
1,866,338
Creditors: amounts falling due after more than one year
(100,662)
(881,225)
Net assets
1,146,694
985,113
Called up share capital
100
100
Profit and loss account
1,146,594
985,013
Shareholders' funds
1,146,694
985,113
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 13 March 2024 and were signed on its behalf by
Adam May
Director
Company Registration No. 08185548
AEM Group (Bristol) Ltd
Notes to the Accounts
for the year ended 31 August 2023
AEM Group (Bristol) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08185548. The registered office is 4 Meadow Mead , Yate , Bristol, England, BS37 7UT.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
AEM Group (Bristol) Ltd
Notes to the Accounts
for the year ended 31 August 2023
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2022
6,396
1,894,338
184,027
20,809
103,961
2,209,531
Additions
-
30,162
52,990
443
2,809
86,404
At 31 August 2023
6,396
1,924,500
237,017
21,252
106,770
2,295,935
At 1 September 2022
2,408
797,105
168,670
8,309
77,686
1,054,178
Charge for the year
639
260,242
21,571
1,893
10,374
294,719
At 31 August 2023
3,047
1,057,347
190,241
10,202
88,060
1,348,897
At 31 August 2023
3,349
867,153
46,776
11,050
18,710
947,038
At 31 August 2022
3,988
1,097,233
15,357
12,500
26,275
1,155,353
Amounts falling due within one year
Trade debtors
811,232
879,627
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
17,748
17,748
Trade creditors
1,338,772
689,760
Taxes and social security
47,172
(21,493)
Other creditors
4,111
4,016
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
20,706
38,454
Trade creditors
79,956
842,771
AEM Group (Bristol) Ltd
Notes to the Accounts
for the year ended 31 August 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 30 (2022: 27).