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Registered Number: 14686319
England and Wales

 

 

 

AEC(UK) LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 24 February 2023

End date: 28 February 2024
Director Waseem ABBAS
Registered Number 14686319
Registered Office UNIT 22 FORBESS BUILDINGS 311-321
LINTHORPE ROAD MIDDLESBROUGH
TS1 4AW
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 28 February 2024.
Principal activities
Principal activity of the company during the financial period was of Activities of patent and copyright agents; other legal activities not elsewhere classified
Director
The director who served the company throughout the period was as follows:
Waseem ABBAS
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Waseem ABBAS
Director

Date approved: 23 November 2024
2
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 357 
357 
Current assets    
Cash at bank and in hand 3,030 
Creditors: amount falling due within one year 4 (3,430)
Net current assets (400)
 
Total assets less current liabilities (43)
Net assets (43)
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account (143)
Shareholders' funds (43)
 


For the period ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 23 November 2024 and were signed by:


-------------------------------
Waseem ABBAS
Director
3
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 24 February 2023
Profit for the period (143) (143)
Total comprehensive income for the period (143) (143)
Shares issued 100  100 
Total investments by and distributions to owners 100  100 
At 28 February 2024 100  (143) (43)
4
General Information
AEC(UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14686319, registration address UNIT 22 FORBESS BUILDINGS 311-321, LINTHORPE ROAD MIDDLESBROUGH, TS1 4AW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Straight Line
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 24 February 2023      
Additions 50    280    45    375 
Disposals      
At 28 February 2024 50    280    45    375 
Depreciation
At 24 February 2023      
Charge for period 5    11    2    18 
On disposals      
At 28 February 2024 5    11    2    18 
Net book values
Closing balance as at 28 February 2024 45    269    43    357 
Opening balance as at 24 February 2023      


4.

Creditors: amount falling due within one year

2024
£
Trade Creditors 375 
Accrued Expenses 600 
Other Creditors 2,455 
3,430 

5