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REGISTERED NUMBER: 04517747 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AYLI LIMITED

AYLI LIMITED (REGISTERED NUMBER: 04517747)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AYLI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr M Hammond





SECRETARY: Mrs D A Hammond





REGISTERED OFFICE: Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF





REGISTERED NUMBER: 04517747 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

AYLI LIMITED (REGISTERED NUMBER: 04517747)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 818,788 818,387

CURRENT ASSETS
Cash at bank 16,472 42,996

CREDITORS
Amounts falling due within one year 5 664,801 695,303
NET CURRENT LIABILITIES (648,329 ) (652,307 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,459

166,080

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 170,458 166,079
SHAREHOLDERS' FUNDS 170,459 166,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 10 September 2024 and were signed by:





Mr M Hammond - Director


AYLI LIMITED (REGISTERED NUMBER: 04517747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ayli 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

The company's properties are held for long-term investment and are included in the balance sheet at their open market values. The surpluses or deficits on annual revaluation of such properties are transferred to the revaluation reserve. Depreciation is not provided in respect of freehold investment properties.

This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view, because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 621,134 194,409 8,317 3,554 827,414
Additions - - - 2,565 2,565
Disposals - - (3,454 ) - (3,454 )
At 31 March 2024 621,134 194,409 4,863 6,119 826,525
DEPRECIATION
At 1 April 2023 - - 6,553 2,474 9,027
Charge for year - - 353 568 921
Eliminated on disposal - - (2,211 ) - (2,211 )
At 31 March 2024 - - 4,695 3,042 7,737
NET BOOK VALUE
At 31 March 2024 621,134 194,409 168 3,077 818,788
At 31 March 2023 621,134 194,409 1,764 1,080 818,387

AYLI LIMITED (REGISTERED NUMBER: 04517747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,351 25,328
Other creditors 663,450 669,975
664,801 695,303

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Hammond.

The company is owned 100% by M.Hammond.