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REGISTERED NUMBER: 09433834 (England and Wales)


Aegean Trading Limited
T/A
Packaging source

Abridged Unaudited Financial Statements

for the period

1 February 2023 to 31 March 2024






Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source






Contents of the Financial Statements
for the period 1 February 2023 to 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Aegean Trading Limited
T/A Packaging source

Company Information
for the period 1 February 2023 to 31 March 2024







DIRECTORS: Mr O Akcal
Mr M Cetin





REGISTERED OFFICE: 28 Optima Park
Thames Road
Crayford
Kent
DA1 4QX





REGISTERED NUMBER: 09433834 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Aegean Trading Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aegean Trading Limited for the period ended 31 March 2024 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Aegean Trading Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aegean Trading Limited and state those matters that we have agreed to state to the Board of Directors of Aegean Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aegean Trading Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aegean Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aegean Trading Limited. You consider that Aegean Trading Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Aegean Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


27 December 2024

Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 116,192 109,170

CURRENT ASSETS
Inventories 201,212 195,457
Debtors 5 405,261 234,550
Cash at bank and in hand 122,182 419,933
728,655 849,940
CREDITORS
Amounts falling due within one year 6 371,186 390,721
NET CURRENT ASSETS 357,469 459,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,661

568,389

CREDITORS
Amounts falling due after more than one
year

7

(135,709

)

(215,344

)

PROVISIONS FOR LIABILITIES 9 (25,532 ) (19,599 )
NET ASSETS 312,420 333,446

Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source

Statement of Financial Position - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 312,320 333,346
SHAREHOLDERS' FUNDS 312,420 333,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





Mr O Akcal - Director


Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source

Notes to the Financial Statements
for the period 1 February 2023 to 31 March 2024

1. STATUTORY INFORMATION

Aegean Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - straight line over 10 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2023 - 8 ) .

Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2023 10,651 66,154 36,529
Additions - 1,770 13,637
Disposals - - -
At 31 March 2024 10,651 67,924 50,166
DEPRECIATION
At 1 February 2023 697 16,291 8,642
Charge for period 1,115 12,044 9,689
At 31 March 2024 1,812 28,335 18,331
NET BOOK VALUE
At 31 March 2024 8,839 39,589 31,835
At 31 January 2023 9,954 49,863 27,887

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 21,000 7,179 141,513
Additions 36,700 7,048 59,155
Disposals (18,350 ) - (18,350 )
At 31 March 2024 39,350 14,227 182,318
DEPRECIATION
At 1 February 2023 5,040 1,673 32,343
Charge for period 8,006 2,929 33,783
At 31 March 2024 13,046 4,602 66,126
NET BOOK VALUE
At 31 March 2024 26,304 9,625 116,192
At 31 January 2023 15,960 5,506 109,170

Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 21,000
Additions 18,350
At 31 March 2024 39,350
DEPRECIATION
At 1 February 2023 5,040
Charge for period 8,006
At 31 March 2024 13,046
NET BOOK VALUE
At 31 March 2024 26,304
At 31 January 2023 15,960

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 304,475 149,600
Other debtors 100,786 84,950
405,261 234,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 58,651 49,579
Hire purchase contracts (see note 8) 16,940 13,637
Trade creditors 110,359 205,038
Taxation and social security 183,556 118,975
Other creditors 1,680 3,492
371,186 390,721

Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 126,952 196,142
Hire purchase contracts (see note 8) 8,757 19,202
135,709 215,344

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,472

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 18,892 15,379
Between one and five years 9,633 21,488
28,525 36,867

Finance charges repayable:
Within one year 1,952 1,742
Between one and five years 876 2,286
2,828 4,028

Net obligations repayable:
Within one year 16,940 13,637
Between one and five years 8,757 19,202
25,697 32,839

Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 March 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 114,852 114,852
Between one and five years 459,408 459,408
In more than five years 459,408 574,260
1,033,668 1,148,520

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,532 19,599

Deferred
tax
£   
Balance at 1 February 2023 19,599
Charge to Income Statement during period 5,933
Balance at 31 March 2024 25,532

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 February 2023 333,346
Profit for the period 252,474
Dividends (273,500 )
At 31 March 2024 312,320

Aegean Trading Limited (Registered number: 09433834)
T/A Packaging source

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 March 2024

12. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to key management personnel at balance sheet date of £371 (2023:£159). No interest is charged on this balance and it is repayable on demand.