AES Environmental Systems Limited 03770678 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is heating, ventilation and air conditioning services. Digita Accounts Production Advanced 6.30.9574.0 true 03770678 2023-01-01 2023-12-31 03770678 2023-12-31 03770678 bus:OrdinaryShareClass1 2023-12-31 03770678 bus:OrdinaryShareClass2 2023-12-31 03770678 bus:OrdinaryShareClass3 2023-12-31 03770678 bus:OrdinaryShareClass4 2023-12-31 03770678 bus:OrdinaryShareClass5 2023-12-31 03770678 bus:OtherShareClass1 2023-12-31 03770678 bus:OtherShareClass2 2023-12-31 03770678 core:RetainedEarningsAccumulatedLosses 2023-12-31 03770678 core:ShareCapital 2023-12-31 03770678 core:CurrentFinancialInstruments 2023-12-31 03770678 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03770678 core:Non-currentFinancialInstruments 2023-12-31 03770678 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 03770678 core:FurnitureFittingsToolsEquipment 2023-12-31 03770678 core:MotorVehicles 2023-12-31 03770678 1 2023-12-31 03770678 bus:SmallEntities 2023-01-01 2023-12-31 03770678 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03770678 bus:FilletedAccounts 2023-01-01 2023-12-31 03770678 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03770678 bus:RegisteredOffice 2023-01-01 2023-12-31 03770678 bus:CompanySecretary1 2023-01-01 2023-12-31 03770678 bus:Director1 2023-01-01 2023-12-31 03770678 bus:Director2 2023-01-01 2023-12-31 03770678 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03770678 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 03770678 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 03770678 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 03770678 bus:OrdinaryShareClass5 2023-01-01 2023-12-31 03770678 bus:OtherShareClass1 2023-01-01 2023-12-31 03770678 bus:OtherShareClass2 2023-01-01 2023-12-31 03770678 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03770678 bus:Agent1 2023-01-01 2023-12-31 03770678 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 03770678 core:MotorCars 2023-01-01 2023-12-31 03770678 core:MotorVehicles 2023-01-01 2023-12-31 03770678 core:OtherRelatedParties 2023-01-01 2023-12-31 03770678 countries:England 2023-01-01 2023-12-31 03770678 1 2023-01-01 2023-12-31 03770678 2022-12-31 03770678 core:FurnitureFittingsToolsEquipment 2022-12-31 03770678 core:MotorVehicles 2022-12-31 03770678 1 2022-12-31 03770678 2022-01-01 2022-12-31 03770678 2022-12-31 03770678 bus:OrdinaryShareClass1 2022-12-31 03770678 bus:OrdinaryShareClass2 2022-12-31 03770678 bus:OrdinaryShareClass3 2022-12-31 03770678 bus:OrdinaryShareClass4 2022-12-31 03770678 bus:OrdinaryShareClass5 2022-12-31 03770678 bus:OtherShareClass1 2022-12-31 03770678 bus:OtherShareClass2 2022-12-31 03770678 core:RetainedEarningsAccumulatedLosses 2022-12-31 03770678 core:ShareCapital 2022-12-31 03770678 core:CurrentFinancialInstruments 2022-12-31 03770678 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03770678 core:Non-currentFinancialInstruments 2022-12-31 03770678 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 03770678 core:FurnitureFittingsToolsEquipment 2022-12-31 03770678 core:MotorVehicles 2022-12-31 03770678 1 2022-12-31 03770678 1 2022-01-01 2022-12-31 03770678 1 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03770678

AES Environmental Systems Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

AES Environmental Systems Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

AES Environmental Systems Limited

Company Information

Directors

R Attwood

Mr S R Attwood

Company secretary

Mrs L Attwood

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
AES Environmental Systems Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AES Environmental Systems Limited for the year ended 31 December 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of AES Environmental Systems Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AES Environmental Systems Limited and state those matters that we have agreed to state to the Board of Directors of AES Environmental Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AES Environmental Systems Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AES Environmental Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AES Environmental Systems Limited. You consider that AES Environmental Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AES Environmental Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

3 September 2024

 

AES Environmental Systems Limited

(Registration number: 03770678)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

40,169

6,080

Current assets

 

Stocks

5

11,489

11,969

Debtors

6

324,969

368,476

Cash at bank and in hand

 

209,469

68,748

 

545,927

449,193

Creditors: Amounts falling due within one year

7

(356,962)

(247,009)

Net current assets

 

188,965

202,184

Total assets less current liabilities

 

229,134

208,264

Creditors: Amounts falling due after more than one year

7

(20,686)

(30,671)

Provisions for liabilities

(9,448)

(1,155)

Net assets

 

199,000

176,438

Capital and reserves

 

Called up share capital

8

1,330

1,330

Retained earnings

197,670

175,108

Shareholders' funds

 

199,000

176,438

 

AES Environmental Systems Limited

(Registration number: 03770678)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2024 and signed on its behalf by:
 

.........................................
R Attwood
Director

 

AES Environmental Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

The principal place of business is:
Unit 8 The Parkwood Centre
Aston Road
Waterlooville
PO7 7HT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

AES Environmental Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Government grants

Government grants relating to revenue expenditure are recognised in income over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% straight line

Motor vehicles

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

AES Environmental Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

AES Environmental Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

14,929

4,995

19,924

Additions

9,275

35,150

44,425

Disposals

(11,078)

(4,995)

(16,073)

At 31 December 2023

13,126

35,150

48,276

Depreciation

At 1 January 2023

13,532

312

13,844

Charge for the year

1,992

5,844

7,836

Eliminated on disposal

(11,078)

(2,495)

(13,573)

At 31 December 2023

4,446

3,661

8,107

Carrying amount

At 31 December 2023

8,680

31,489

40,169

At 31 December 2022

1,397

4,683

6,080

5

Stocks

2023
£

2022
£

Finished goods and goods for resale

11,489

11,969

6

Debtors

Current

2023
£

2022
£

Trade debtors

91,438

156,610

Prepayments

13,260

15,608

Other debtors

220,271

196,258

 

324,969

368,476

 

AES Environmental Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

10,046

9,813

Trade creditors

 

33,449

39,588

Taxation and social security

 

32,222

9,397

Accruals and deferred income

 

109,069

86,841

Other creditors

 

172,176

101,370

 

356,962

247,009

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

20,686

30,671

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

1,020

1,020

1,020

1,020

Ordinary C shares of £1 each

100

100

100

100

Ordinary A shares of £1 each

100

100

100

100

Ordinary D shares of £1 each

100

100

100

100

Ordinary E shares of £0 each

-

-

-

-

Ordinary F shares of £1 each

-

-

-

-

Ordinary G shares of £1 each

10

10

10

10

1,330

1,330

1,330

1,330

9

Loans and borrowings

Non-current loans and borrowings

 

AES Environmental Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

2023
£

2022
£

Bank borrowings

20,686

30,671

Current loans and borrowings

2023
£

2022
£

Bank borrowings

10,046

9,813

10

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Directors loan account which is undated, unsecured, interest free and repayable on demand.

54,662

77,421

(54,662)

77,421

 

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Directors loan account which is undated, unsecured, interest free and repayable on demand.

54,047

54,712

(54,097)

54,662

 

Summary of transactions with other related parties

AES Property Investments Limited
 The directors of AES Environmental Systmes are also the directiors of AES Property Investments Limited.
 As at the year end AES Property owed AES Environment £66,142 (2022 - £66,142).