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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
Page
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AEM Group (Bristol) Ltd Company Information for the year ended 31 August 2023
Director
Adam May
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
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AEM Group (Bristol) Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
947,038 
1,155,353 
Current assets
Inventories
273,276 
272,747 
Debtors
962,581 
1,131,431 
Cash at bank and in hand
712,627 
245,310 
1,948,484 
1,649,488 
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 
Capital and reserves
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
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AEM Group (Bristol) Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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:
Plant & machinery
17%
Motor vehicles
25%
Fixtures & fittings
10%
Computer equipment
25%
Leased assets
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
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.
Pension costs
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.
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AEM Group (Bristol) Ltd Notes to the Accounts for the year ended 31 August 2023
4
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
129,425 
250,804 
Trade debtors
811,232 
879,627 
Other debtors
6,674 
1,000 
947,331 
1,131,431 
Amounts falling due after more than one year
Other debtors
15,250 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
240,363 
248,472 
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 
1,648,166 
938,503 
7
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 
100,662 
881,225 
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AEM Group (Bristol) Ltd Notes to the Accounts for the year ended 31 August 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 30 (2022: 27).
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