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Registered number: 06478888
Aes Maintenance Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Fresh Accounting & Legal Limited
43, Beaufort Avenue
Langland
SA3 4PB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06478888
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,195 5,013
Investment Properties 6 375,000 375,000
378,195 380,013
CURRENT ASSETS
Stocks 7 92,250 185,000
Debtors 8 659,916 754,149
Cash at bank and in hand 852,411 729,201
1,604,577 1,668,350
Creditors: Amounts Falling Due Within One Year 9 (560,860 ) (693,131 )
NET CURRENT ASSETS (LIABILITIES) 1,043,717 975,219
TOTAL ASSETS LESS CURRENT LIABILITIES 1,421,912 1,355,232
Creditors: Amounts Falling Due After More Than One Year 10 (248,146 ) (336,979 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (799 ) (1,253 )
NET ASSETS 1,172,967 1,017,000
CAPITAL AND RESERVES
Called up share capital 11 50,100 50,100
Profit and Loss Account 1,122,867 966,900
SHAREHOLDERS' FUNDS 1,172,967 1,017,000
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Young
Director
05/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aes Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06478888 . The registered office is 1 Manor Courtyard,, Hughenden Avenue,, High Wycombe,, Buckinghamshire, HP13 5RE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on Cost
Computer Equipment 20% on Cost
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Page 4
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2023: 24)
30 24
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 63,350
As at 31 March 2024 63,350
Amortisation
As at 1 April 2023 63,350
As at 31 March 2024 63,350
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 5,114 89,431 94,545
As at 31 March 2024 5,114 89,431 94,545
Depreciation
As at 1 April 2023 5,114 84,418 89,532
Provided during the period - 1,818 1,818
As at 31 March 2024 5,114 86,236 91,350
...CONTINUED
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Page 5
Net Book Value
As at 31 March 2024 - 3,195 3,195
As at 1 April 2023 - 5,013 5,013
6. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 375,000
7. Stocks
2024 2023
£ £
Stock 92,250 185,000
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 354,956 668,975
Other debtors 304,960 85,174
659,916 754,149
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 265,347 461,916
Other creditors 68,903 8,135
Taxation and social security 226,610 223,080
560,860 693,131
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 248,146 336,979
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,100 50,100
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