Registered number
11273118
Aimpro Housing Ltd
Filleted Accounts
31 March 2024
Aimpro Housing Ltd
Registered number: 11273118
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 94,276 108,571
Investments 4 6,000 6,000
100,276 114,571
Current assets
Debtors - 10,645
Cash at bank and in hand 85,622 107,916
85,622 118,561
Creditors: amounts falling due within one year 5 (37,447) (126,875)
Net current assets/(liabilities) 48,175 (8,314)
Total assets less current liabilities 148,451 106,257
Creditors: amounts falling due after more than one year 6 (25,258) (35,906)
Net assets 123,193 70,351
Capital and reserves
Called up share capital 1 1
Profit and loss account 123,192 70,350
Shareholders' funds 123,193 70,351
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ABDI Ismail
Director
Approved by the board on 20.11.2024
Aimpro Housing Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
3 Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
IT Equipment over 3 years
Motor Vehicles over 4 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 10 years
4 Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5 Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 92,416 6,836 99,252
At 31 March 2024 92,416 6,836 99,252
Depreciation
At 1 April 2023 (9,745) 426 (9,319)
Charge for the year 12,692 1,603 14,295
At 31 March 2024 2,947 2,029 4,976
Net book value
At 31 March 2024 89,469 4,807 94,276
At 31 March 2023 102,161 6,410 108,571
4 Investments
Other
investments
£
Cost
At 1 April 2023 6,000
At 31 March 2024 6,000
5 Debtors 2024 2023
£ £
Trade debtors - 10,645
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 27,400 92,697
Taxation and social security costs 7,293 11,959
Other creditors 2,754 22,219
37,447 126,875
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,258 35,906
8 Other information
Aimpro Housing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 3B
156 Hockley
Birmingham
West Midlands
B18 5AN
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