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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
Page
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AITAM SERVICES LTD Company Information for the year ended 30 November 2023
Director
Andrew Jackson
Secretary
Andrew Jackson
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
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AITAM SERVICES LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,299 
20,398 
Current assets
Debtors
126,053 
163,767 
Cash at bank and in hand
18,196 
5,547 
144,249 
169,314 
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)
Net assets
63,629 
104,205 
Capital and reserves
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
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AITAM SERVICES LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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 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 
Depreciation
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 
Net book value
At 30 November 2023
2,653 
12,646 
15,299 
At 30 November 2022
3,537 
16,861 
20,398 
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AITAM SERVICES LTD Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,519 
22,753 
Other debtors
108,534 
141,014 
126,053 
163,767 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
20,343 
8,029 
Trade creditors
(15,686)
(27,782)
Taxes and social security
64,646 
68,796 
69,303 
49,043 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
26,616 
36,464 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew Jackson
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).
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