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REGISTERED NUMBER: 08979898 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

AIMSUN LIMITED

AIMSUN LIMITED (REGISTERED NUMBER: 08979898)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AIMSUN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S G Jones
J R Daniels





SECRETARY: P G Howells





REGISTERED OFFICE: Uncommon-High Holborn
81-87 High Holborn
LONDON
WC1V 6DF





REGISTERED NUMBER: 08979898 (England and Wales)





AUDITORS: Grunberg & Co Limited
Chartered Accountants & Statutory Auditors
5 Technology Park
Colindeep Lane
Colindale
London
NW9 6BX

AIMSUN LIMITED (REGISTERED NUMBER: 08979898)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,896 3,644

CURRENT ASSETS
Debtors 5 753,136 292,855
Cash at bank - 346,073
753,136 638,928
CREDITORS
Amounts falling due within one year 6 446,836 547,737
NET CURRENT ASSETS 306,300 91,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,196

94,835

PROVISIONS FOR LIABILITIES 7 540 -
NET ASSETS 311,656 94,835

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 310,656 93,835
SHAREHOLDERS' FUNDS 311,656 94,835

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:




S G Jones - Director



J R Daniels - Director


AIMSUN LIMITED (REGISTERED NUMBER: 08979898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Aimsun 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
As the company sells maintenance services related to the software licenses that it sells, the deferral of the related income and cost needs to be made based on an estimate of the duration of the contract that remains to expire after the end of the relevant accounting period end date. This is carried out by reference to the contract dates or the date of invoice as appropriate.

Income and costs are also accrued in relation to work carried out for other entities within the group. An
estimate of the completeness of this work is carried out at the year end (together with the raising of associated invoices as appropriate) to fit with the group reporting requirement to recognise this type of intragroup income and costs within the accounts. The completeness of these entries therefore relies on estimates based on timesheets maintained internally to arrive at the values to accrue both for income and costs at the year end.

The company estimates the provision for additional work that may need to be undertaken to update the software after the licences have been sold. This estimation is made based in past experience and history.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

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

The revenue is recognised according to standard accruals accounting which requires the apportionment of income from sales according to when the obligations relating to those sales have been performed and thereby the economic benefits should be recognised upon performance of those obligations.

There are typically three areas where this policy impacts on the timing of the revenue recognition:

General sales, including license sales - upon delivery of the goods or service

Maintenance fees, on a time apportioned basis according to the period covered by the maintenance income

Professional services, usually relating to the resale of staff time, either accrued or deferred into or out of the period dependent on when the activity is performed.

AIMSUN LIMITED (REGISTERED NUMBER: 08979898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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 - 33% on cost

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. The impairment loss is recognised in profit or loss.

Financial liabilities

A financial liability exists where there is a contractual obligation to deliver cash or another financial asset to another entity, or to exchange financial assets or financial liabilities under potentially unfavourable conditions. In addition, contracts which result in the entity delivering a variable number of its own equity instruments are financial liabilities. Shares containing such obligations are classified as financial liabilities. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. The carrying amount of the liability is increased by the finance cost and reduced by payments made in respect of that liability. Finance costs are calculated so as to produce a constant rate of charge on the outstanding liability.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

AIMSUN LIMITED (REGISTERED NUMBER: 08979898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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 14 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 48,024
Additions 9,821
At 30 September 2024 57,845
DEPRECIATION
At 1 October 2023 44,380
Charge for year 7,569
At 30 September 2024 51,949
NET BOOK VALUE
At 30 September 2024 5,896
At 30 September 2023 3,644

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,390 57,484
Amounts owed by group undertakings 635,919 107,133
Other debtors 60,827 128,238
753,136 292,855

AIMSUN LIMITED (REGISTERED NUMBER: 08979898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 874 28,436
Trade creditors 13,381 4,227
Amounts owed to group undertakings 15,378 298,753
Taxation and social security 134,924 14,644
Other creditors 282,279 201,677
446,836 547,737

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 540 -

Deferred
tax
£   
Provided during year 540
Balance at 30 September 2024 540

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Herman Hang (Senior Statutory Auditor)
for and on behalf of Grunberg & Co Limited

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mundys SpA.

The ultimate controlling party is Mundys SpA.