AELM LTD

Company Registration Number:
09875479 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

AELM LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

AELM LTD

Company Information

for the Period Ended 30 November 2023




Director: Maysam Athar Rizvi
Registered office: 124
City Road
London
England
EC1V 2NX
Company Registration Number: 09875479 (England and Wales)

AELM LTD

Directors' Report Period Ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The directors shown below have held office during the whole of the period from 01 December 2022 to 30 November 2023
Maysam Athar Rizvi

This report was approved by the board of directors on 19 August 2024
And Signed On Behalf Of The Board By:

Name: Maysam Athar Rizvi
Status: Director

AELM LTD

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 318 591
Total fixed assets: 318 591
Current assets
Debtors: 14,538 11,714
Cash at bank and in hand: 136 4,504
Total current assets: 14,674 16,218
Creditors: amounts falling due within one year: ( 34,359 ) ( 74,489 )
Net current assets (liabilities): ( 19,685 ) ( 58,271 )
Total assets less current liabilities: ( 19,367 ) ( 57,680 )
Total net assets (liabilities): ( 19,367 ) ( 57,680 )

The notes form part of these financial statements

AELM LTD

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 60,180 60,180
Profit and loss account: ( 79,547 ) ( 117,860 )
Shareholders funds: ( 19,367 ) ( 57,680 )

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 August 2024
And Signed On Behalf Of The Board By:

Name: Maysam Athar Rizvi
Status: Director

The notes form part of these financial statements

AELM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

    Computer equipment - Straight line over 5 years

    Other accounting policies

    Financial instruments Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. 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.

AELM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

AELM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

AELM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible Assets

Total
Cost £
At 01 December 2022 1,365
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 30 November 2023 1,365
Depreciation
At 01 December 2022 774
Charge for year 273
On disposals (0)
Other adjustments 0
At 30 November 2023 1,047
Net book value
At 30 November 2023 318
At 30 November 2022 591

AELM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5.1.Related party disclosures

Name of related party: Maysam Athar Rizvi
Description of relationship:
Director
Description of the transaction:
At the year-end the company owed the director £36 (2021 - £32,136). This loan is interest free and repayable on demand.
Balance at 01 December 2022 32,136
Balance at 30 November 2023 36