Registered number
07676218
AEOSAN Limited
Filleted Accounts
31 July 2024
AEOSAN Limited
Registered number: 07676218
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 3,331
Current assets
Debtors 4 605 1,804
Investments held as current assets 5 - 57,470
Cash at bank and in hand 56,900 16,939
57,505 76,213
Creditors: amounts falling due within one year 6 (36,687) (18,221)
Net current assets 20,818 57,992
Total assets less current liabilities 20,818 61,323
Creditors: amounts falling due after more than one year 7 - (12,974)
Net assets 20,818 48,349
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 - 8,695
Profit and loss account 20,718 39,554
Shareholders' funds 20,818 48,349
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Deighton
Director
Approved by the board on 4 September 2024
AEOSAN Limited
Notes to the Accounts
for the period from 1 July 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 13,897
Disposals 11,399
At 31 July 2024 25,296
Depreciation
At 1 July 2023 10,566
Charge for the period 833
On disposals 13,897
At 31 July 2024 25,296
Net book value
At 31 July 2024 -
At 30 June 2023 3,331
4 Debtors 2024 2023
£ £
Trade debtors - 240
Corporation tax recoverable - 711
Other debtors 605 853
605 1,804
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments - 57,470
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan due to Covid-19 - 6,804
Trade creditors - 188
Taxation and social security costs - 1,757
Directors loan account 36,687 9,439
Other creditors - 33
36,687 18,221
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan due to Covid-19 - 12,974
8 Revaluation reserve 2024 2023
£ £
At 1 July 2023 8,695 6,198
Gain on revaluation of land and buildings - 2,497
Disposal of investments (8,695) -
At 31 July 2024 - 8,695
9 Other information
AEOSAN Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
AEOSAN Limited 07676218 false 2023-07-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 John Deighton No description of principal activity 07676218 2022-07-01 2023-06-30 07676218 core:RevaluationReserve core:LandBuildings 2022-07-01 2023-06-30 07676218 core:RevaluationReserve 2022-07-01 2023-06-30 07676218 core:WithinOneYear 2023-06-30 07676218 core:AfterOneYear 2023-06-30 07676218 core:ShareCapital 2023-06-30 07676218 core:OtherReservesSubtotal 2023-06-30 07676218 core:RetainedEarningsAccumulatedLosses 2023-06-30 07676218 core:RevaluationReserve 2022-06-30 07676218 2023-07-01 2024-07-31 07676218 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-07-31 07676218 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-07-31 07676218 bus:Director40 2023-07-01 2024-07-31 07676218 core:PlantMachinery 2023-07-01 2024-07-31 07676218 core:RevaluationReserve core:LandBuildings 2023-07-01 2024-07-31 07676218 core:RevaluationReserve 2023-07-01 2024-07-31 07676218 countries:England 2023-07-01 2024-07-31 07676218 bus:FRS102 2023-07-01 2024-07-31 07676218 bus:FilletedAccounts 2023-07-01 2024-07-31 07676218 2024-07-31 07676218 core:WithinOneYear 2024-07-31 07676218 core:AfterOneYear 2024-07-31 07676218 core:ShareCapital 2024-07-31 07676218 core:OtherReservesSubtotal 2024-07-31 07676218 core:RetainedEarningsAccumulatedLosses 2024-07-31 07676218 core:PlantMachinery 2024-07-31 07676218 core:RevaluationReserve 2024-07-31 07676218 2023-06-30 07676218 core:PlantMachinery 2023-06-30 07676218 core:RevaluationReserve 2023-06-30 iso4217:GBP xbrli:pure