1 November 2022 false No description of principal activity Taxfiler 2023.14 true 12947109business:PrivateLimitedCompanyLtd2022-11-012023-10-31 129471092022-10-31 129471092022-11-012023-10-31 12947109business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 12947109business:FilletedAccounts2022-11-012023-10-31 129471092023-10-31 12947109business:Director12022-11-012023-10-31 12947109business:Director22022-11-012023-10-31 12947109business:RegisteredOffice2022-11-012023-10-31 129471092022-10-31 12947109core:WithinOneYear2023-10-31 12947109core:WithinOneYear2022-10-31 12947109core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12947109core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 12947109core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12947109core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 12947109core:PreviouslyStatedAmount2023-10-31 12947109core:PreviouslyStatedAmount2022-10-31 12947109business:SmallEntities2022-11-012023-10-31 12947109countries:EnglandWales2022-11-012023-10-31 129471092021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12947109 (England and Wales)
Aino Ltd Unaudited accounts for the year ended 31 October 2023
Aino Ltd Unaudited accounts Contents
Page
- 2 -
Aino Ltd Company Information for the year ended 31 October 2023
Directors
Charalampos Konstantinou Jenni Gronroos
Company Number
12947109 (England and Wales)
Registered Office
128 Amberton Road Gipton Leeds LS8 3TG England
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
- 3 -
Aino Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
66,950 
66,950 
Current assets
Cash at bank and in hand
5,703 
4,451 
Creditors: amounts falling due within one year
(72,645)
(71,857)
Net current liabilities
(66,942)
(67,406)
Net assets/(liabilities)
8 
(456)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6 
(458)
Shareholders' funds
8 
(456)
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by
Charalampos Konstantinou Director Company Registration No. 12947109
- 4 -
Aino Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Aino Ltd is a private company, limited by shares, registered in England and Wales, registration number 12947109. The registered office is 128 Amberton Road, Gipton, Leeds, LS8 3TG, England.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The directors have considered the effect of future events on the company and have determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
66,950 
At 31 October 2023
66,950 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,127 
- 
Loans from directors
71,255 
71,642 
Accruals
263 
215 
72,645 
71,857 
- 5 -
Aino Ltd Notes to the Accounts for the year ended 31 October 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -