Company registration number 09730666 (England and Wales)
Aegir Projects Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
Aegir Projects Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Aegir Projects Ltd
Statement Of Financial Position
as at 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,945
1,083
Current assets
Debtors
133,775
98,812
Cash at bank and in hand
46,005
12,613
179,780
111,425
Creditors: amounts falling due within one year
(60,585)
(48,398)
Net current assets
119,195
63,027
Total assets less current liabilities
121,140
64,110
Creditors: amounts falling due after more than one year
(26,453)
(32,008)
Net assets
94,687
32,102
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
94,685
32,100
Total equity
94,687
32,102
Aegir Projects Ltd
Statement Of Financial Position (continued)
as at 31 August 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 12 November 2024
C Roe
Director
Company Registration No. 09730666
Aegir Projects Ltd
Notes to the financial statements
for the year ended 31 August 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing Balance
Fixtures and fittings
25% Reducing Balance
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in transaction that affects neither the tax profit nor the accounting profit.

Aegir Projects Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Total
£
Cost
At 1 September 2023
5,271
Additions
1,326
At 31 August 2024
6,597
Depreciation and impairment
At 1 September 2023
4,188
Depreciation charged in the year
464
At 31 August 2024
4,652
Carrying amount
At 31 August 2024
1,945
At 31 August 2023
1,083
4
Company information

Aegir Projects Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, 75-77 Crossley Street, New Sharlston, Wakefield, West Yorkshire, WF4 1BQ.

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