Registered number
08842767
Aeron Branding Limited
Filleted Accounts
31 December 2023
Aeron Branding Limited
Registered number: 08842767
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,527 2,244
66,527 2,244
Current assets
Debtors 4 266,482 304,644
Cash at bank and in hand 63,532 78,491
330,014 383,135
Creditors: amounts falling due within one year 5 (421,433) (371,206)
Net current (liabilities)/assets (91,419) 11,929
Total assets less current liabilities (24,892) 14,173
Creditors: amounts falling due after more than one year 6 (21,726) (32,472)
Net liabilities (46,618) (18,299)
Capital and reserves
Called up share capital 10 10
Profit and loss account (46,628) (18,309)
Shareholders' funds (46,618) (18,299)
The directors are 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 directors acknowledge their 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.
M Millard-Beer
Director
Approved by the board on 26 September 2024
Aeron Branding Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 - 17,652 19,601 37,253
Additions - 1,005 - 1,005
At 31 December 2023 - 18,657 19,601 38,258
Depreciation
At 1 January 2023 - 13,252 21,757 35,009
Charge for the year - 1,878 (2,156) (278)
At 31 December 2023 - 15,130 19,601 34,731
Net book value
At 31 December 2023 - 3,527 - 3,527
At 31 December 2022 - 4,400 (2,156) 2,244
4 Debtors 2023 2022
£ £
Trade debtors 32,273 66,079
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 114,327
Other debtors 234,209 124,238
266,482 304,644
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,154 20,307
Taxation and social security costs 49,104 48,459
Other creditors 2,440 302,440
421,433 371,206
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,726 32,472
21,726 32,472
7 Related party transactions
At the year end, the directors owed £XX,XXX to Aeron Branding Limited (2022: £118,399). This amount was unsecured, interest free, and repayable within 9 months.
8 Controlling party
The director owns 100% of the issued share capital and thereby controls the company.
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