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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
Page
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AIC Trading Limited Company Information for the year ended 31 May 2024
Directors
C Parr A Parr I Parr
Secretary
T 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
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AIC Trading Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,322 
1,116 
Current assets
Inventories
22,045 
25,263 
Debtors
94,602 
125,576 
Cash at bank and in hand
140,631 
100,061 
257,278 
250,900 
Creditors: amounts falling due within one year
(59,583)
(77,679)
Net current assets
197,695 
173,221 
Net assets
199,017 
174,337 
Capital and reserves
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
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AIC Trading Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,166 
Additions
215 
At 31 May 2024
1,381 
Depreciation
At 1 June 2023
50 
Charge for the year
9 
At 31 May 2024
59 
Net book value
At 31 May 2024
1,322 
At 31 May 2023
1,116 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,602 
50,576 
Amounts due from group undertakings etc.
75,000 
75,000 
94,602 
125,576 
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AIC Trading Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,179 
7,408 
Trade creditors
46,155 
54,029 
Taxes and social security
5,789 
11,742 
Accruals
4,460 
4,500 
59,583 
77,679 
7
Share capital
2024 
2023 
£ 
£ 
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..
9
Controlling party
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).
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