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REGISTERED NUMBER: 08034279 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Aniron Limited

Aniron Limited (Registered number: 08034279)






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


Aniron Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S S Diu
Mrs A K Diu





REGISTERED OFFICE: 44 Derngate
Northampton
NN1 1UH





BUSINESS ADDRESS: Horton Lodge Farm
Horton
NN7 2BA





REGISTERED NUMBER: 08034279 (England and Wales)





AUDITORS: Edwards & Co (Codsall) Limited
Chartered Certified Accountants
and Statutory Auditors
Willow House
Kingswood Business Park
Holyhead Road
South Staffs
WV7 3AU

Aniron Limited (Registered number: 08034279)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300,474 25,210
Investments 5 - 133,871
300,474 159,081

CURRENT ASSETS
Stocks 36,715 -
Debtors 6 1,651,810 966,789
Cash at bank 541,479 1,209,746
2,230,004 2,176,535
CREDITORS
Amounts falling due within one year 7 872,025 1,310,956
NET CURRENT ASSETS 1,357,979 865,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,658,453

1,024,660

PROVISIONS FOR LIABILITIES 9 25,750 -
NET ASSETS 1,632,703 1,024,660

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,110
Share premium 389,000 389,000
Retained earnings 1,242,703 634,550
SHAREHOLDERS' FUNDS 1,632,703 1,024,660

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 Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





Mr S S Diu - Director


Aniron Limited (Registered number: 08034279)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Aniron 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
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going Concern
The financial statements have been prepared on a going concern basis.

Significant judgements and estimates
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of goods.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from service detail is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of agreed service. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Construction contracts
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred.Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Amounts recoverable on long term contracts (AROC) represent the gross unbilled amount for contract work performed to date. They are measured at cost plus profit recognised to date (see turnover accounting policy) less a provision for foreseeable losses and less progress billed. AROC is presented in debtors on the balance sheet. If payments received from customers exceed income recognised, then the difference is presented in payments received on account on the balance sheet. Payments on account are presented in creditors due within one year on the balance sheet.

Interest receivable
Interest income is recognised using the effective interest method.

Aniron Limited (Registered number: 08034279)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

If the recoverable amount of an asset is estimated to be less than it's carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately in the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over
the period of the lease.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Trade debtors
Trade debtors are recognised initially at transaction price, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due, according to the original terms of the receivable.

Trade creditors
Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Aniron Limited (Registered number: 08034279)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 - - 55,539 55,539
Additions 198,328 80,760 30,236 309,324
At 31 March 2024 198,328 80,760 85,775 364,863
DEPRECIATION
At 1 April 2023 - - 30,329 30,329
Charge for year - 20,191 13,869 34,060
At 31 March 2024 - 20,191 44,198 64,389
NET BOOK VALUE
At 31 March 2024 198,328 60,569 41,577 300,474
At 31 March 2023 - - 25,210 25,210

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 133,871
Disposals (133,871 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 133,871

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 789,374 934,275
Other debtors 10 366
Directors' current accounts 800,000 -
Prepayments 62,426 32,148
1,651,810 966,789

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 28,036 -
Trade creditors 479,004 958,795
Tax 256,671 211,248
Social security and other taxes 11,370 -
VAT 36,518 137,913
Other creditors 1,000 -
Accruals and deferred income 59,426 3,000
872,025 1,310,956

Aniron Limited (Registered number: 08034279)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 56,700 16,966
Between one and five years 99,863 29,342
156,563 46,308

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,750 -

Deferred
tax
£   
Provided during year 25,750
Balance at 31 March 2024 25,750

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 A Ordinary £1 - 100
10 B Ordinary £1 - 10
1,000 1,110

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Edwards FCCA (Senior Statutory Auditor)
for and on behalf of Edwards & Co (Codsall) Limited

12. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 119,825 -

13. RELATED PARTY DISCLOSURES

During the year the company recharged goods and services amounting to £6,843 (2023: £19,485) to related parties. At 31 March 2024, the company was owed £Nil (2023: £Nil) by these related parties.

During the year £25,000 (2023:£Nil) was charged by companies under common control in respect of office rent.

During the year loans of £133,871 (2023: £ Nil) to companies under common control, included in exceptional items are now deemed irrecoverable by the directors and impaired accordingly. At the year end Aniron Limited was owed £nil (2023: £133,871) by companies under common control.

During the year, amounts of £800,000 (2023: £Nil) were advanced to the directors. At the year end £800,000 (2023: £Nil) was due from the directors to the company. The outstanding balance due from the directors is interest free and has been repaid within 9 months of the year end.

Aniron Limited (Registered number: 08034279)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S S Diu.