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REGISTERED NUMBER: SC616911 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AIL Resources Limited

AIL Resources Limited (Registered number: SC616911)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIL Resources Limited

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr Iain Doherty
Miss Louise Catherine Coats





SECRETARY:





REGISTERED OFFICE: Suite 1 Broomhills Steading
Frogston Road East
Edinburgh
United Kingdom
EH17 8RT





REGISTERED NUMBER: SC616911 (Scotland)





ACCOUNTANTS: RMD Accountancy Solutions Ltd
58 Pen Y Bryn
Wrexham
LL13 7HY

AIL Resources Limited (Registered number: SC616911)

BALANCE SHEET
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,837 64,070

CURRENT ASSETS
Debtors 5 85,730 251,762
Cash at bank 245,237 199,692
330,967 451,454
CREDITORS
Amounts falling due within one year 6 134,075 253,000
NET CURRENT ASSETS 196,892 198,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,729

262,524

CREDITORS
Amounts falling due after more than one
year

7

(105,439

)

(108,095

)

PROVISIONS FOR LIABILITIES (8,174 ) (12,173 )
NET ASSETS 150,116 142,256

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 150,106 142,246
150,116 142,256

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.

AIL Resources Limited (Registered number: SC616911)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





Mr Iain Doherty - Director


AIL Resources Limited (Registered number: SC616911)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

AIL Resources Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

AIL Resources Limited (Registered number: SC616911)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 88,846
Additions 25,335
At 31 December 2023 114,181
DEPRECIATION
At 1 January 2023 24,776
Charge for year 22,568
At 31 December 2023 47,344
NET BOOK VALUE
At 31 December 2023 66,837
At 31 December 2022 64,070

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 80,213 250,529
Other debtors 5,517 1,233
85,730 251,762

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 9,999 10,000
Trade creditors 9,556 2,940
Taxation and social security 29,113 54,254
Other creditors 85,407 185,806
134,075 253,000

Bibby Factors Scotland Limited holds a floating charge over the property and undertaking of AIL Resources Ltd.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 14,167 24,167
Other creditors 91,272 83,928
105,439 108,095