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Registered number: 07429670
Aithom Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Anthony Smith and Co. Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07429670
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,134 1,512
1,134 1,512
CURRENT ASSETS
Stocks 5 1,480,724 1,480,724
Debtors 6 446,228 433,566
Cash at bank and in hand 8,537 12,914
1,935,489 1,927,204
Creditors: Amounts Falling Due Within One Year 7 (442,783 ) (394,284 )
NET CURRENT ASSETS (LIABILITIES) 1,492,706 1,532,920
TOTAL ASSETS LESS CURRENT LIABILITIES 1,493,840 1,534,432
Creditors: Amounts Falling Due After More Than One Year 8 (1,366,954 ) (1,387,274 )
NET ASSETS 126,886 147,158
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 126,876 147,148
SHAREHOLDERS' FUNDS 126,886 147,158
Page 1
Page 2
For the year ending 29 February 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 William Aitken
Director
22/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aithom Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07429670 . The registered office is Unit 1, The Arcade, 69 High St, Nailsea, Bristol, BS48 1AW.
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. 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:
Plant & Machinery Reducing balance at 25%
Fixtures & Fittings Reducing balance at 25%
Computer Equipment Reducing balance at 25%
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 10,002
As at 29 February 2024 10,002
Depreciation
As at 1 March 2023 8,490
Provided during the period 378
As at 29 February 2024 8,868
Net Book Value
As at 29 February 2024 1,134
As at 1 March 2023 1,512
5. Stocks
2024 2023
£ £
Finished goods 1,347,388 1,347,388
Work in progress 133,336 133,336
1,480,724 1,480,724
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 446,228 433,566
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 (1 )
Bank loans and overdrafts 45,780 8,519
Other creditors 397,002 385,766
442,783 394,284
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,366,954 1,387,274
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4