2023-03-012024-02-292024-02-29false08386428AIAM 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AIAM LIMITED

Registered Number
08386428
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

AIAM LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

ISSAC, Abdullah

Registered Address

472 Greenford Road
Greenford
UB6 8SQ

Registered Number

08386428 (England and Wales)
AIAM LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets379,08237,830
79,08237,830
Current assets
Stocks440,50027,675
Debtors5290,019265,862
Cash at bank and on hand662,695947,095
993,2141,240,632
Creditors amounts falling due within one year6(595,462)(575,198)
Net current assets (liabilities)397,752665,434
Total assets less current liabilities476,834703,264
Net assets476,834703,264
Capital and reserves
Called up share capital7070
Profit and loss account476,764703,194
Shareholders' funds476,834703,264
The financial statements were approved and authorised for issue by the Director on 22 November 2024, and are signed on its behalf by:
ISSAC, Abdullah
Director
Registered Company No. 08386428
AIAM LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year77
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 March 2354,15012,6711,25077,592145,663
Additions---59,96959,969
At 29 February 2454,15012,6711,250137,561205,632
Depreciation and impairment
At 01 March 2354,15012,6711,25039,762107,833
Charge for year---18,71718,717
At 29 February 2454,15012,6711,25058,479126,550
Net book value
At 29 February 24---79,08279,082
At 28 February 23---37,83037,830
4.Stocks

2024

2023

££
Finished goods40,50027,675
Total40,50027,675
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables268,647212,170
Other debtors18,93153,177
Prepayments and accrued income2,441515
Total290,019265,862
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables327,891306,262
Bank borrowings and overdrafts5,565-
Taxation and social security131,44774,476
Other creditors130,559132,460
Accrued liabilities and deferred income-62,000
Total595,462575,198
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year