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Registered number: 04342728
Aet.GB. Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Naylor Accountancy Services Ltd
25 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04342728
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,584 4,956
2,584 4,956
CURRENT ASSETS
Stocks 5,167 5,357
Debtors 5 144,245 36,598
Cash at bank and in hand 36,785 108,524
186,197 150,479
Creditors: Amounts Falling Due Within One Year 6 (37,217 ) (19,344 )
NET CURRENT ASSETS (LIABILITIES) 148,980 131,135
TOTAL ASSETS LESS CURRENT LIABILITIES 151,564 136,091
PROVISIONS FOR LIABILITIES
Deferred Taxation (361 ) (783 )
NET ASSETS 151,203 135,308
CAPITAL AND RESERVES
Called up share capital 8 102 102
Profit and Loss Account 151,101 135,206
SHAREHOLDERS' FUNDS 151,203 135,308
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Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Naomi Traynor-Price
Director
Mr Peter Whitmarsh
Director
16th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aet.GB. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04342728 . The registered office is 25 Hursley Road, Chandler's Ford, Eastleigh, Hampshire, SO53 2FS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates to defined  contribution retirement  benefit scheme. Contributions are charged as an expense  as they become payable in accordance with the rules of the scheme.
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2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wihtin borrowings in current liabilities.
2.8. Emplyee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
4 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 12,009 12,474 24,771 49,254
Disposals (3,575 ) - (3,505 ) (7,080 )
As at 31 December 2023 8,434 12,474 21,266 42,174
Depreciation
As at 1 January 2023 9,687 11,947 22,664 44,298
Provided during the period 371 132 1,406 1,909
Disposals (3,110 ) - (3,507 ) (6,617 )
As at 31 December 2023 6,948 12,079 20,563 39,590
Net Book Value
As at 31 December 2023 1,486 395 703 2,584
As at 1 January 2023 2,322 527 2,107 4,956
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 139,962 25,852
Other debtors 2,614 4,008
Corporation tax recoverable assets - 3,938
Directors' loan accounts 1,669 2,800
144,245 36,598
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,377 2,271
Corporation tax 2,498 1,828
Other taxes and social security 25,313 12,664
Other creditors 3,029 2,581
37,217 19,344
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7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 783 783
Utilised (422 ) (422)
Balance at 31 December 2023 361 361
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 102 102
2023
2022
2023
2022
Ordinary share capital Issued and fully paid
Number
Number
£
£
Ordinary Shares of 1p each
10,000
10,000
100
100
Ordinary B Shares of £1 each 
                 2
                 2
              2
              2
10,002
image
10,002
image
102
image
102
image
9. Controlling Party
The company's controlling party is the director,   Mr. Peter Whitmarsh ,  by virtue of his shareholding.
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