Company Registration No. 09218700 (England and Wales)
AIC Trading Limited
Unaudited accounts
for the year ended 31 May 2024
AIC Trading Limited
Unaudited accounts
Contents
AIC Trading Limited
Company Information
for the year ended 31 May 2024
Directors
C Parr
A Parr
I Parr
Company Number
09218700 (England and Wales)
Registered Office
3 Harvest Way
Elmstead Market
Colchester
Essex
CO7 7YD
Accountants
Pro Tax Accounting
The Colchester Centre
Hawkins Road
Colchester
Essex
CO2 8JX
AIC Trading Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,322
1,116
Cash at bank and in hand
140,631
100,061
Creditors: amounts falling due within one year
(59,583)
(77,679)
Net current assets
197,695
173,221
Net assets
199,017
174,337
Called up share capital
1
1
Profit and loss account
199,016
174,336
Shareholders' funds
199,017
174,337
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by
C Parr
Director
Company Registration No. 09218700
AIC Trading Limited
Notes to the Accounts
for the year ended 31 May 2024
AIC Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 09218700. The registered office is 3 Harvest Way, Elmstead Market, Colchester, Essex, CO7 7YD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% reducing balance basis
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
19,602
50,576
Amounts due from group undertakings etc.
75,000
75,000
AIC Trading Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
46,155
54,029
Taxes and social security
5,789
11,742
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
During the year the company loaned it's parent company The Chatham Rope Company Limited £45,000. As at the year end £45,000 was owing as disclosed in note number 4 under Amounts due from group undertakings etc..
The company is a wholly owned subsidiary of The Chatham Rope Company Limited a company registered in England under number 07339429 with a registered office located at 3 Harvest Way, Elmstead Market, Colchester, Essex, CO7 7YD.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).