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Logo On Report
Registered Number: SC567009
Scotland

 

 

 

APHINITEE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Aphinitee Limited for the year ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aphinitee Limited for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Balance Sheet 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Aphinitee Limited , as a body, in accordance with the terms of our engagement letter dated 12 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Aphinitee Limited and state those matters that we have agreed to state to the Board of Directors of Aphinitee Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aphinitee Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of Aphinitee 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 accounts.



T & K Accounting Group

69 Banstead Road
Carshalton
SM5 3NP
12 February 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 7,849    5,771 
7,849    5,771 
Current assets      
Debtors: amounts falling due within one year 31,748    53,661 
Cash at bank and in hand 96,782    54,183 
128,530    107,844 
Creditors: amount falling due within one year (34,987)   (31,835)
Net current assets 93,543    76,009 
 
Total assets less current liabilities 101,392    81,780 
Provisions for liabilities (90)   (386)
Net assets 101,302    81,394 
 

Capital and reserves
     
Called up share capital 4 20    20 
Profit and loss account 101,282    81,374 
Shareholders' funds 101,302    81,394 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 February 2025 and were signed by:


-------------------------------
Lewis Anderson Orr
Director
2
General Information
Aphinitee Limited is a private company, limited by shares, registered in Scotland, registration number SC567009, registration address Flat 3, 9 Douglas Crescent, Edinburgh, EH12 5BB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Office Equipment 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Office Equipment   Computer Equipment   Total
  £   £   £   £
At 01 June 2023 1,667    1,982    9,266    12,915 
Additions     3,930    3,930 
Disposals      
At 31 May 2024 1,667    1,982    13,196    16,845 
Depreciation
At 01 June 2023 950    988    5,206    7,144 
Charge for year 179    249    1,424    1,852 
On disposals      
At 31 May 2024 1,129    1,237    6,630    8,996 
Net book values
Closing balance as at 31 May 2024 538    745    6,566    7,849 
Opening balance as at 01 June 2023 717    994    4,060    5,771 


4.

Share Capital

Authorised
10 Class A shares of £1.00 each
10 Class B shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
10 Class A shares of £1.00 each 10    10 
10 Class B shares of £1.00 each 10    10 
20    20 

3