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REGISTERED NUMBER: 09295529 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

AYAG LTD

AYAG LTD (Registered number: 09295529)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AYAG LTD

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Miss S Sivakumar
Mr S Sivakumar





REGISTERED OFFICE: 122 Loampit Vale,
Lewisham
London
SE13 7SN





REGISTERED NUMBER: 09295529 (England and Wales)





ACCOUNTANTS: Palak Services Limited
80 Woodrush Way
Romford
Essex
RM6 5BL

AYAG LTD (Registered number: 09295529)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
CURRENT ASSETS
Stocks 2,502,201 2,502,201
Cash at bank 40,836 139,801
2,543,037 2,642,002
CREDITORS
Amounts falling due within one year 4 1,485,142 1,739,854
NET CURRENT ASSETS 1,057,895 902,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,057,895

902,148

CREDITORS
Amounts falling due after more than
one year

5

17,366

25,661
NET ASSETS 1,040,529 876,487

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 1,040,528 876,486
SHAREHOLDERS' FUNDS 1,040,529 876,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

AYAG LTD (Registered number: 09295529)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were authorised for issue by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:





Mr S Sivakumar - Director


AYAG LTD (Registered number: 09295529)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

AYAG 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.

Going concern
The directors consider that the financial resources available to the Company are adequate to meet its operational needs for the foreseeable future or atleast 12 months from the date of signature of these accounts. Accordingly, the going concern basis has been adopted in preparing these financial statements.

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

Turnover represents management fees receivable. Revenue from management fee is recognised for the period for which it is due.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


AYAG LTD (Registered number: 09295529)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security 54,042 48,522
Other creditors 1,431,100 1,691,332
1,485,142 1,739,854

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 17,366 25,661

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1 Ordinary 1 1 1

AYAG LTD (Registered number: 09295529)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. RESERVES
Retained
earnings
£   

At 1 December 2023 876,486
Profit for the year 164,042
At 30 November 2024 1,040,528

8. DIRECTORS' LOAN

The following loan advances from a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
**UNKNOWN DIRECTOR 1**
Balance outstanding at start of year 1,691,332 1,725,126
Amounts advanced 3,639 -
Amounts repaid (264,221 ) (33,794 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,430,750 1,691,332