Company registration number 10086693 (England and Wales)
AECOR DIGITAL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
AECOR DIGITAL LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
AECOR DIGITAL LTD
BALANCE SHEET
AS AT
30 MARCH 2024
30 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
236
472
Investments
4
15,658
15,658
15,894
16,130
Current assets
Debtors
6
492,434
358,455
Cash at bank and in hand
-
0
17,806
492,434
376,261
Creditors: amounts falling due within one year
7
(468,999)
(268,976)
Net current assets
23,435
107,285
Total assets less current liabilities
39,329
123,415
Creditors: amounts falling due after more than one year
8
(93,237)
(118,776)
Net (liabilities)/assets
(53,908)
4,639
Capital and reserves
Called up share capital
9
200
200
Profit and loss reserves
10
(54,108)
4,439
Total equity
(53,908)
4,639
AECOR DIGITAL LTD
BALANCE SHEET (CONTINUED)
AS AT
30 MARCH 2024
30 March 2024
- 2 -

For the financial year ended 30 March 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 March 2025 and are signed on its behalf by:
Mr R Stenson
Director
Company registration number 10086693 (England and Wales)
AECOR DIGITAL LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 MARCH 2024
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 31 March 2022
200
21,955
22,155
Year ended 30 March 2023:
Profit  for the year
-
62,484
62,484
Dividends
-
(80,000)
(80,000)
Balance at 30 March 2023
200
4,439
4,639
Year ended 30 March 2024:
Loss  for the year
-
(58,547)
(58,547)
Balance at 30 March 2024
200
(54,108)
(53,908)
AECOR DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024
- 4 -
1
Accounting policies
Company information

Aecor Digital Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 The Barley Mow Centre, Barley Mow Passage, Chiswick, London, W4 4PH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

IT equipment
33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank. Bank overdrafts are shown within borrowings in current liabilities.

AECOR DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, other loans and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

AECOR DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
IT equipment
£
Cost
At 31 March 2023 and 30 March 2024
708
Depreciation and impairment
At 31 March 2023
236
Depreciation charged in the year
236
At 30 March 2024
472
Carrying amount
At 30 March 2024
236
At 30 March 2023
472
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings
15,658
15,658
5
Subsidiaries

Details of the company's subsidiaries at 30 March 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Aecor Digital International Pvt Ltd
411 4th Floor, Rama Crest, Near Shrij Bunglow, Sun Pharma, Vadodara-390012
Ordinary
100.00
AECOR DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2024
- 7 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
256,360
197,134
Corporation tax recoverable
134,823
70,476
Other debtors
101,251
90,845
492,434
358,455
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
38,304
10,000
Trade creditors
81,708
55,006
Amounts owed to group undertakings
89,851
-
0
Corporation tax
26,619
20,476
Other taxation and social security
41,121
67,371
Other creditors
191,396
116,123
468,999
268,976
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Loans and overdrafts
21,894
31,811
Other creditors
71,343
86,965
93,237
118,776

The company secured a Bounce Back Loan, which includes a Government backed guarantee to the lender. The final repayment date is 78 months from drawdown and the loan carries an interest rate of 3%.

 

The company secured a Funding Circle loan. The final repayment date is 72 months from drawdown and the loan carries an interest rate of 10.4%.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
-
13,490
AECOR DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2024
- 8 -
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary class A of £1 each
100
100
100
100
Ordinary class B of £1 each
100
100
100
100
200
200
200
200
10
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
4,439
21,955
(Loss)/profit for the year
(58,547)
62,484
Dividends declared and paid in the year
-
(80,000)
At the end of the year
(54,108)
4,439
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
4,723
4,499
12
Related party transactions

At the balance sheet date, the company owed Moonshadows (Digital) Limited £65,000 (2023: £60,000), a company which shares key management personnel.

 

Included within other debtors is a balance of £68,330 (2023: £53,830) owed by the directors.

 

At the balance sheet date, the company owed Aecor Digital International Pvt Ltd £170,231 (2023: £nil), a subsidiary company.

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