Company Registration No. 07859993 (England and Wales)
AITAM SERVICES LTD
Unaudited accounts
for the year ended 30 November 2023
AITAM SERVICES LTD
Unaudited accounts
Contents
AITAM SERVICES LTD
Company Information
for the year ended 30 November 2023
Company Number
07859993 (England and Wales)
Registered Office
26 Worcester Road
Sutton
SM2 6PG
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
AITAM SERVICES LTD
Statement of financial position
as at 30 November 2023
Tangible assets
15,299
20,398
Cash at bank and in hand
18,196
5,547
Creditors: amounts falling due within one year
(69,303)
(49,043)
Net current assets
74,946
120,271
Total assets less current liabilities
90,245
140,669
Creditors: amounts falling due after more than one year
(26,616)
(36,464)
Called up share capital
2
2
Profit and loss account
63,627
104,203
Shareholders' funds
63,629
104,205
For the year ending 30 November 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 21 August 2024 and were signed on its behalf by
Andrew Jackson
Director
Company Registration No. 07859993
AITAM SERVICES LTD
Notes to the Accounts
for the year ended 30 November 2023
AITAM SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 07859993. The registered office is 26 Worcester Road, Sutton, SM2 6PG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
15,627
46,416
62,043
At 30 November 2023
15,627
46,416
62,043
At 1 December 2022
12,090
29,555
41,645
Charge for the year
884
4,215
5,099
At 30 November 2023
12,974
33,770
46,744
At 30 November 2023
2,653
12,646
15,299
At 30 November 2022
3,537
16,861
20,398
AITAM SERVICES LTD
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
17,519
22,753
Other debtors
108,534
141,014
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
(15,686)
(27,782)
Taxes and social security
64,646
68,796
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
26,616
36,464
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan 2.5% Interest
141,014
14,714
47,194
108,534
141,014
14,714
47,194
108,534
During the year, the director was granted a short term loan. The maximum liability during the year was £276,117 and £141,014 was still outstanding as at the balance sheet date. The loan is to be repaid on demand. Interest at the rate of 2.5% per annum is charged on the loan.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).