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REGISTERED NUMBER: 05790290















AIDING INDEPENDENCE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






AIDING INDEPENDENCE LTD (REGISTERED NUMBER: 05790290)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIDING INDEPENDENCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs H E Edge
Mrs Y Doust





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 05790290





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

AIDING INDEPENDENCE LTD (REGISTERED NUMBER: 05790290)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 262,083 282,592

CURRENT ASSETS
Debtors 5 259,377 263,829
Cash at bank and in hand 235,710 194,125
495,087 457,954
CREDITORS
Amounts falling due within one year 6 130,177 106,513
NET CURRENT ASSETS 364,910 351,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,993

634,033

CREDITORS
Amounts falling due after more than one
year

7

218,558

226,121
NET ASSETS 408,435 407,912

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 408,185 407,662
SHAREHOLDERS' FUNDS 408,435 407,912

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

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

The directors acknowledge their 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.

AIDING INDEPENDENCE LTD (REGISTERED NUMBER: 05790290)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





Mrs H E Edge - Director


AIDING INDEPENDENCE LTD (REGISTERED NUMBER: 05790290)

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

1. STATUTORY INFORMATION

Aiding Independence Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Freehold property- 2% on straight line basis
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 25% on reducing balance

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 58 (2022 - 56 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Fixture &
property machinery Fittings
£    £    £   
COST
At 1 January 2023
and 31 December 2023 228,264 105,995 7,717
DEPRECIATION
At 1 January 2023 36,522 40,901 5,123
Charge for year 4,566 9,764 389
At 31 December 2023 41,088 50,665 5,512
NET BOOK VALUE
At 31 December 2023 187,176 55,330 2,205
At 31 December 2022 191,742 65,094 2,594

AIDING INDEPENDENCE LTD (REGISTERED NUMBER: 05790290)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 32,660 11,199 385,835
DEPRECIATION
At 1 January 2023 12,196 8,501 103,243
Charge for year 5,116 674 20,509
At 31 December 2023 17,312 9,175 123,752
NET BOOK VALUE
At 31 December 2023 15,348 2,024 262,083
At 31 December 2022 20,464 2,698 282,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 181,450 181,512
Sundry debtors 77,927 82,317
259,377 263,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,563 7,563
Corporation Tax 59,892 39,778
Social security and other taxes 40,385 37,490
Company credit card 105 105
Drop in grant centre 5,603 5,603
Directors' current accounts 670 -
Deferred income 14,240 14,255
Accrued expenses 1,719 1,719
130,177 106,513

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 13,224 20,787
Bank loans more 5 yr by
instalments 205,334 205,334
218,558 226,121

AIDING INDEPENDENCE LTD (REGISTERED NUMBER: 05790290)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by
instalments 205,334 205,334
205,334 205,334

8. SECURED DEBTS

Bank loans of £205,334 (2021: £205,334) are secured on Freehold Property.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors. There is no ultimate controlling party.