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REGISTERED NUMBER: 09338105 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

AEM CONSTRUCTION LIMITED

AEM CONSTRUCTION LIMITED (REGISTERED NUMBER: 09338105)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AEM CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: R S Moore





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 09338105 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

AEM CONSTRUCTION LIMITED (REGISTERED NUMBER: 09338105)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204,411 73,452

CURRENT ASSETS
Stocks 22,834 21,400
Debtors 5 73,999 103,646
Cash at bank 32,318 16,543
129,151 141,589
CREDITORS
Amounts falling due within one year 6 175,023 152,841
NET CURRENT LIABILITIES (45,872 ) (11,252 )
TOTAL ASSETS LESS CURRENT LIABILITIES 158,539 62,200

CREDITORS
Amounts falling due after more than one year 7 (119,706 ) (51,162 )

PROVISIONS FOR LIABILITIES (38,719 ) (9,622 )
NET ASSETS 114 1,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14 1,316
SHAREHOLDERS' FUNDS 114 1,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th September 2024 and were signed by:





R S Moore - Director


AEM CONSTRUCTION LIMITED (REGISTERED NUMBER: 09338105)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

AEM Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised once the service has been completed and where it is virtually certain that payment will be received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

AEM CONSTRUCTION LIMITED (REGISTERED NUMBER: 09338105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 54,535 95,101 3,310 152,946
Additions 74,923 84,073 1,290 160,286
At 31st December 2023 129,458 179,174 4,600 313,232
DEPRECIATION
At 1st January 2023 19,159 57,976 2,359 79,494
Charge for year 10,223 18,199 905 29,327
At 31st December 2023 29,382 76,175 3,264 108,821
NET BOOK VALUE
At 31st December 2023 100,076 102,999 1,336 204,411
At 31st December 2022 35,376 37,125 951 73,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,866 75,440
Other debtors 35,133 28,206
73,999 103,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 35,072 30,495
Trade creditors 109,517 69,040
Taxation and social security 12,709 35,740
Other creditors 7,725 7,566
175,023 152,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,924 24,167
Hire purchase contracts 104,782 26,995
119,706 51,162

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 139,854 57,490

The liability under the hire purchase contract is secured on the asset which is being purchased.

AEM CONSTRUCTION LIMITED (REGISTERED NUMBER: 09338105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year under review, members of key management personnel received loans from the company which are interest free and repayable on demand.

The company made advances totalling £172,168 (2022 - £120,059) and this was offset by credits totalling £160,808 (2022 - £120,484).

At the balance sheet date, the amount owed to the company was £11,019 (2022- £441 - and was included in other creditors) and is included within other debtors.