Registered number
08010572
AEG Transport Ltd
Unaudited Filleted Accounts
31 March 2024
AEG Transport Ltd
Registered number: 08010572
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 128 258
Current assets
Debtors 4 1,073 3,712
Cash at bank and in hand 78 221
1,151 3,933
Creditors: amounts falling due within one year 5 (589) (1,801)
Net current assets 562 2,132
Total assets less current liabilities 690 2,390
Creditors: amounts falling due after more than one year 6 (1,722) (2,308)
Net (liabilities)/assets (1,032) 82
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,033) 81
Shareholder's funds (1,032) 82
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Grzegorz Strzyzowski
Director
Approved by the board on 15 June 2024
AEG Transport Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Where material deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 518
At 31 March 2024 518
Depreciation
At 1 April 2023 260
Charge for the year 130
At 31 March 2024 390
Net book value
At 31 March 2024 128
At 31 March 2023 258
4 Debtors 2024 2023
£ £
Other debtors 1,073 3,712
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 151 -
Taxation and social security costs 440 1,803
Other creditors (2) (2)
589 1,801
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,722 2,308
7 Other information
AEG Transport Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Overbecks Close
Rugby
CV22 7DN
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