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REGISTERED NUMBER: 07413920 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

Always Aim High Events LTD

Always Aim High Events LTD (Registered number: 07413920)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Always Aim High Events LTD

Company Information
for the Year Ended 31st October 2024







DIRECTORS: T J Lloyd
N Kendrick





SECRETARY:





REGISTERED OFFICE: Unit 3 & 4
Pen Yr Orsedd
Bryn Cefni
Llangefni
Anglesey
LL77 7AW





REGISTERED NUMBER: 07413920 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Always Aim High Events LTD (Registered number: 07413920)

Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 366,589 132,959

CURRENT ASSETS
Stocks 10,000 8,500
Debtors 5 61,122 36,640
Cash at bank and in hand 387,792 155,941
458,914 201,081
CREDITORS
Amounts falling due within one year 6 168,112 200,722
NET CURRENT ASSETS 290,802 359
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,391

133,318

CREDITORS
Amounts falling due after more than one
year

7

(579,743

)

(104,453

)

PROVISIONS FOR LIABILITIES (20,199 ) (13,674 )
NET ASSETS 57,449 15,191

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 57,447 15,189
SHAREHOLDERS' FUNDS 57,449 15,191

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Always Aim High Events LTD (Registered number: 07413920)

Balance Sheet - continued
31st October 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd February 2025 and were signed on its behalf by:




N Kendrick - Director



T J Lloyd - Director


Always Aim High Events LTD (Registered number: 07413920)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Always Aim High Events LTD 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.

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
Turnover 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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks 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 year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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
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 year was 11 (2023 - 15 ) .

Always Aim High Events LTD (Registered number: 07413920)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2023 - 278,744 278,744
Additions 260,373 - 260,373
At 31st October 2024 260,373 278,744 539,117
DEPRECIATION
At 1st November 2023 - 145,785 145,785
Charge for year - 26,743 26,743
At 31st October 2024 - 172,528 172,528
NET BOOK VALUE
At 31st October 2024 260,373 106,216 366,589
At 31st October 2023 - 132,959 132,959

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 17,500 26,466
Other debtors 43,622 10,174
61,122 36,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 16,299 15,897
Hire purchase contracts 15,600 46,115
Trade creditors 6,775 25,769
Taxation and social security 12,121 608
Other creditors 117,317 112,333
168,112 200,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 83,453 99,752
Hire purchase contracts 17,529 -
Other creditors 478,761 4,701
579,743 104,453

Always Aim High Events LTD (Registered number: 07413920)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.24 31.10.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,027 32,040