Silverfin false false 30/11/2023 01/12/2022 30/11/2023 Mrs J Bartrum-Lang 19/10/2023 Mrs S M Bodington 04/04/2007 Mr J R Bodington 05/10/2006 Mr S Boyce 19/10/2023 Mr A Brooks 19/10/2023 Mr F A Hall 16/04/2024 19/03/2007 29 August 2024 The principal activity of the company is that of energy consultants. 05929820 2023-11-30 05929820 bus:Director1 2023-11-30 05929820 bus:Director2 2023-11-30 05929820 bus:Director3 2023-11-30 05929820 bus:Director4 2023-11-30 05929820 bus:Director5 2023-11-30 05929820 bus:Director6 2023-11-30 05929820 2022-11-30 05929820 core:CurrentFinancialInstruments 2023-11-30 05929820 core:CurrentFinancialInstruments 2022-11-30 05929820 core:Non-currentFinancialInstruments 2023-11-30 05929820 core:Non-currentFinancialInstruments 2022-11-30 05929820 core:ShareCapital 2023-11-30 05929820 core:ShareCapital 2022-11-30 05929820 core:RetainedEarningsAccumulatedLosses 2023-11-30 05929820 core:RetainedEarningsAccumulatedLosses 2022-11-30 05929820 core:LeaseholdImprovements 2022-11-30 05929820 core:Vehicles 2022-11-30 05929820 core:OfficeEquipment 2022-11-30 05929820 core:LeaseholdImprovements 2023-11-30 05929820 core:Vehicles 2023-11-30 05929820 core:OfficeEquipment 2023-11-30 05929820 bus:OrdinaryShareClass1 2023-11-30 05929820 2022-12-01 2023-11-30 05929820 bus:FilletedAccounts 2022-12-01 2023-11-30 05929820 bus:SmallEntities 2022-12-01 2023-11-30 05929820 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05929820 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05929820 bus:Director1 2022-12-01 2023-11-30 05929820 bus:Director2 2022-12-01 2023-11-30 05929820 bus:Director3 2022-12-01 2023-11-30 05929820 bus:Director4 2022-12-01 2023-11-30 05929820 bus:Director5 2022-12-01 2023-11-30 05929820 bus:Director6 2022-12-01 2023-11-30 05929820 core:LeaseholdImprovements core:TopRangeValue 2022-12-01 2023-11-30 05929820 core:Vehicles 2022-12-01 2023-11-30 05929820 core:OfficeEquipment 2022-12-01 2023-11-30 05929820 2021-12-01 2022-11-30 05929820 core:LeaseholdImprovements 2022-12-01 2023-11-30 05929820 core:Non-currentFinancialInstruments 2022-12-01 2023-11-30 05929820 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 05929820 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05929820 (England and Wales)

AES COMPLIANCE AND TESTING LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

AES COMPLIANCE AND TESTING LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

AES COMPLIANCE AND TESTING LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
AES COMPLIANCE AND TESTING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTORS Mrs J Bartrum-Lang (Appointed 19 October 2023)
Mrs S M Bodington
Mr J R Bodington
Mr S Boyce (Appointed 19 October 2023)
Mr A Brooks (Appointed 19 October 2023)
Mr F A Hall (Resigned 16 April 2024)
SECRETARY Mrs S M Bodington
REGISTERED OFFICE 4b Oaklands Court Tiverton Way
Tiverton Business Park
Tiverton
EX16 6TG
England
United Kingdom
COMPANY NUMBER 05929820 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
AES COMPLIANCE AND TESTING LIMITED

BALANCE SHEET

As at 30 November 2023
AES COMPLIANCE AND TESTING LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 202,664 167,680
202,664 167,680
Current assets
Debtors 4 2,625,087 2,057,573
Cash at bank and in hand 16,805 20,768
2,641,892 2,078,341
Creditors: amounts falling due within one year 5 ( 881,572) ( 637,851)
Net current assets 1,760,320 1,440,490
Total assets less current liabilities 1,962,984 1,608,170
Creditors: amounts falling due after more than one year 6 ( 30,839) ( 25,833)
Provision for liabilities ( 50,666) ( 41,006)
Net assets 1,881,479 1,541,331
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 1,881,379 1,541,231
Total shareholder's funds 1,881,479 1,541,331

For the financial 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.

Directors' responsibilities:

The financial statements of AES Compliance and Testing Limited (registered number: 05929820) were approved and authorised for issue by the Board of Directors on 29 August 2024. They were signed on its behalf by:

Mr A Brooks
Director
AES COMPLIANCE AND TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
AES COMPLIANCE AND TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AES Compliance and Testing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4b Oaklands Court Tiverton Way, Tiverton Business Park, Tiverton, EX16 6TG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 6 years straight line
Vehicles 25 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 31 25

3. Tangible assets

Leasehold improve-
ments
Vehicles Office equipment Total
£ £ £ £
Cost
At 01 December 2022 4,390 125,302 198,984 328,676
Additions 0 59,464 54,173 113,637
Disposals ( 4,390) ( 45,982) ( 530) ( 50,902)
At 30 November 2023 0 138,784 252,627 391,411
Accumulated depreciation
At 01 December 2022 732 59,324 100,940 160,996
Charge for the financial year 0 26,975 30,473 57,448
Disposals ( 732) ( 28,435) ( 530) ( 29,697)
At 30 November 2023 0 57,864 130,883 188,747
Net book value
At 30 November 2023 0 80,920 121,744 202,664
At 30 November 2022 3,658 65,978 98,044 167,680

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 2,597,196 2,040,844
Amounts owed by directors 0 3
Prepayments 26,962 15,780
Other debtors 929 946
2,625,087 2,057,573

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors 43,612 24,915
Amounts owed to Group undertakings 667,278 356,239
Accruals 29,822 2,684
Corporation tax 82,538 159,681
Other taxation and social security 23,732 65,726
Obligations under finance leases and hire purchase contracts 9,053 0
Other creditors 15,537 18,606
881,572 637,851

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 15,833 25,833
Obligations under finance leases and hire purchase contracts 15,006 0
30,839 25,833

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Loan to director repayable on demand 0 3

Advances of £nil and repayments of £3 were made during the year.