Company registration number 05358264 (England and Wales)
AOGSMART LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
AOGSMART LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AOGSMART LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
915
915
Creditors: amounts falling due within one year
2
(52,520)
(52,520)
Net current liabilities
(51,605)
(51,605)
Capital and reserves
Called up share capital
3
100
100
Profit and loss reserves
(51,705)
(51,705)
Total equity
(51,605)
(51,605)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 April 2024 and are signed on its behalf by:
Mr F Ilouno
Director
Company registration number 05358264 (England and Wales)
AOGSMART LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information
Aogsmart Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 152 City Road, London, EC1V 2NX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2
2
Trade creditors
14,239
14,239
Other creditors
38,279
38,279
52,520
52,520
AOGSMART LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 3 -
3
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
55 Ordinary A shares of £1 each
55
55
30 Ordinary B shares of £1 each
30
30
15 Ordinary C shares of £1 each
15
15
100
100
4
Directors' transactions
The directors operate current loan accounts which are credited with payments made by the directors and any cash introduced and debited with private expenses and cash drawn. The amount outstanding to the directors at 28 February 2024 was £37,829 (2023 - £37,829) and is being included in creditors amounts falling due within one year.