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THE AISLE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






THE AISLE LIMITED (REGISTERED NUMBER: 10873538)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE AISLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs K A Brewer
A N Tomlinson
Mrs J Tomlinson





REGISTERED OFFICE: 12A Craven Court
High Street
Skipton
North Yorkshire
BD23 1DG





REGISTERED NUMBER: 10873538 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

THE AISLE LIMITED (REGISTERED NUMBER: 10873538)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,465 74,953

CURRENT ASSETS
Stocks 136,353 95,581
Debtors 5 159,380 195,475
Cash at bank and in hand 124,467 90,683
420,200 381,739
CREDITORS
Amounts falling due within one year 6 334,102 340,162
NET CURRENT ASSETS 86,098 41,577
TOTAL ASSETS LESS CURRENT LIABILITIES 164,563 116,530

PROVISIONS FOR LIABILITIES 8 8,354 7,763
NET ASSETS 156,209 108,767

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 156,109 108,667
SHAREHOLDERS' FUNDS 156,209 108,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE AISLE LIMITED (REGISTERED NUMBER: 10873538)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Mrs K A Brewer - Director


THE AISLE LIMITED (REGISTERED NUMBER: 10873538)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

The Aisle 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

THE AISLE LIMITED (REGISTERED NUMBER: 10873538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 41,057 46,481 2,783 90,321
Additions 9,606 3,971 - 13,577
At 31 July 2024 50,663 50,452 2,783 103,898
DEPRECIATION
At 1 August 2023 4,499 8,098 2,771 15,368
Charge for year 4,019 6,034 12 10,065
At 31 July 2024 8,518 14,132 2,783 25,433
NET BOOK VALUE
At 31 July 2024 42,145 36,320 - 78,465
At 31 July 2023 36,558 38,383 12 74,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 151,628 186,462
Other debtors 3,280 3,013
Prepayments 4,472 6,000
159,380 195,475

THE AISLE LIMITED (REGISTERED NUMBER: 10873538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 17,562 12,262
Trade creditors 87,409 93,375
Tax 21,879 17,219
VAT 33,246 34,660
Other creditors 212 205
Directors' current accounts 29,069 48,467
Accruals and deferred income 142,992 132,314
Accrued expenses 1,733 1,660
334,102 340,162

Loans from directors are interest free and repayable on demand.

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year 11,268 11,268
Between one and five years 12,132 23,400
23,400 34,668

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 8,354 7,763

Deferred
tax
£   
Balance at 1 August 2023 7,763
Accelerated capital allowances 591
Balance at 31 July 2024 8,354

The entire provision for deferred tax relates to accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

THE AISLE LIMITED (REGISTERED NUMBER: 10873538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K A Brewer.