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REGISTERED NUMBER: 13694246 (England and Wales)










Unaudited Financial Statements

for the Year Ended 20 April 2024

for

Aam Exeter Ltd

Aam Exeter Ltd (Registered number: 13694246)






Contents of the Financial Statements
for the Year Ended 20 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aam Exeter Ltd

Company Information
for the Year Ended 20 April 2024







DIRECTORS: M Amiralli
A A M Aslam





REGISTERED OFFICE: 55 East Lodge Park
Portsmouth
Hampshire
PO6 1BZ





REGISTERED NUMBER: 13694246 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

Aam Exeter Ltd (Registered number: 13694246)

Balance Sheet
20 April 2024

20.4.24 20.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 -
Tangible assets 5 177,953 149,444
222,953 149,444

CURRENT ASSETS
Stocks 21,439 10,224
Debtors 6 214,935 16,403
Cash at bank 293,194 153,639
529,568 180,266
CREDITORS
Amounts falling due within one year 7 490,152 214,920
NET CURRENT ASSETS/(LIABILITIES) 39,416 (34,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,369

114,790

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 262,366 114,787
SHAREHOLDERS' FUNDS 262,369 114,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 20 April 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.

Aam Exeter Ltd (Registered number: 13694246)

Balance Sheet - continued
20 April 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 27 March 2025 and were signed on its behalf by:





M Amiralli - Director


Aam Exeter Ltd (Registered number: 13694246)

Notes to the Financial Statements
for the Year Ended 20 April 2024

1. STATUTORY INFORMATION

Aam Exeter 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 20% on cost and 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

Aam Exeter Ltd (Registered number: 13694246)

Notes to the Financial Statements - continued
for the Year Ended 20 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 50,000
At 20 April 2024 50,000
AMORTISATION
Charge for year 5,000
At 20 April 2024 5,000
NET BOOK VALUE
At 20 April 2024 45,000

5. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 21 April 2023 - 160,500 1,091 161,591
Additions 31,634 6,352 9,283 47,269
At 20 April 2024 31,634 166,852 10,374 208,860
DEPRECIATION
At 21 April 2023 - 12,038 109 12,147
Charge for year - 16,685 2,075 18,760
At 20 April 2024 - 28,723 2,184 30,907
NET BOOK VALUE
At 20 April 2024 31,634 138,129 8,190 177,953
At 20 April 2023 - 148,462 982 149,444

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.4.24 20.4.23
£    £   
Trade debtors 97,704 -
Other debtors 117,231 16,403
214,935 16,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.4.24 20.4.23
£    £   
Trade creditors 248,484 112,823
Taxation and social security 31,029 11,138
Other creditors 210,639 90,959
490,152 214,920

Aam Exeter Ltd (Registered number: 13694246)

Notes to the Financial Statements - continued
for the Year Ended 20 April 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
20.4.24 20.4.23
£    £   
Within one year 70,083 30,000
Between one and five years 321,750 135,000
In more than five years 392,333 -
784,166 165,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 20.4.24 20.4.23
value: £    £   
3 Ordinary £1 3 3

10. RELATED PARTY DISCLOSURES

Included within other creditors, is an amount of £9,714 (2023: £9,714) owed to the directors. The amount loaned is interest free and there are no repayment terms in place.

Included within other creditors, is an amount of £50,000 (2023: Nil) owed to MHA Trading Ltd, a company controlled by the directors. The amount loaned is interest free and there are no repayment terms in place.

Included within other creditors, is an amount of £129,090 (2023: £70,530) owed to MAA Trading Ltd, a company controlled by the directors. The amount loaned is interest free and there are no repayment terms in place.