Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01falseNo description of principal activity11truetruefalse 07941851 2023-03-01 2024-02-29 07941851 2022-03-01 2023-02-28 07941851 2024-02-29 07941851 2023-02-28 07941851 c:Director1 2023-03-01 2024-02-29 07941851 d:OfficeEquipment 2023-03-01 2024-02-29 07941851 d:OfficeEquipment 2024-02-29 07941851 d:OfficeEquipment 2023-02-28 07941851 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07941851 d:CurrentFinancialInstruments 2024-02-29 07941851 d:CurrentFinancialInstruments 2023-02-28 07941851 d:Non-currentFinancialInstruments 2024-02-29 07941851 d:Non-currentFinancialInstruments 2023-02-28 07941851 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07941851 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07941851 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 07941851 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07941851 d:ShareCapital 2024-02-29 07941851 d:ShareCapital 2023-02-28 07941851 d:RetainedEarningsAccumulatedLosses 2024-02-29 07941851 d:RetainedEarningsAccumulatedLosses 2023-02-28 07941851 c:FRS102 2023-03-01 2024-02-29 07941851 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07941851 c:FullAccounts 2023-03-01 2024-02-29 07941851 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07941851 2 2023-03-01 2024-02-29 07941851 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 07941851










AIM (UK) LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
AIM (UK) LIMITED
REGISTERED NUMBER: 07941851

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
29 February
28 February
28 February
2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,859
1,409

  
1,859
1,409

Current assets
  

Stocks
 5 
-
20,000

Debtors: amounts falling due within one year
 6 
52,437
57,401

Cash at bank and in hand
 7 
18,498
22,931

  
70,935
100,332

Creditors: amounts falling due within one year
 8 
(58,990)
(81,344)

Net current assets
  
 
 
11,945
 
 
18,988

Total assets less current liabilities
  
13,804
20,397

Creditors: amounts falling due after more than one year
 9 
(8,676)
(10,387)

  

Net assets
  
5,128
10,010


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
5,126
10,008

  
5,128
10,010


Page 1

 
AIM (UK) LIMITED
REGISTERED NUMBER: 07941851
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P J Farnell
Director

Date: 29 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
AIM (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

AIM (UK) Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London, N3 1LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
AIM (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

Basic financial assets

Page 4

 
AIM (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
AIM (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
1,474


Additions
1,044



At 29 February 2024

2,518



Depreciation


At 1 March 2023
65


Charge for the year on owned assets
594



At 29 February 2024

659



Net book value



At 29 February 2024
1,859



At 28 February 2023
1,409


5.


Stocks

29 February
28 February
2024
2023
£
£

Finished goods and goods for resale
-
20,000

-
20,000



6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
52,437
57,401

52,437
57,401


Page 6

 
AIM (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
18,498
22,931

18,498
22,931



8.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
1,739
1,696

Trade creditors
4,800
135

Corporation tax
1,339
1,713

Other taxation and social security
1,297
-

Other creditors
45,315
73,800

Accruals and deferred income
4,500
4,000

58,990
81,344



9.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
8,676
10,387

8,676
10,387


 
Page 7