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Filleted
Registration number: 15006592

Aeron Riverside Laundry Ltd

Unaudited Filleted Financial Statements

for the Period from 17 July 2023 to 31 July 2024

 

Aeron Riverside Laundry Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Aeron Riverside Laundry Ltd

Company Information

Directors

Mr Krzysztof Marian Piksinski

Mrs Julie Louise Piksinska

Registered office

10 Clos Pencarreg
Aberaeron
Ceredigion
SA46 0DX

 

Aeron Riverside Laundry Ltd

(Registration number: 15006592)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

47,298

Current assets

 

Stocks

5

8,000

Debtors

6

10,416

Cash at bank and in hand

 

27,922

 

46,338

Creditors: Amounts falling due within one year

7

(69,041)

Net current liabilities

 

(22,703)

Total assets less current liabilities

 

24,595

Provisions for liabilities

(4,700)

Net assets

 

19,895

Capital and reserves

 

Called up share capital

8

2

Retained earnings

19,893

Shareholders' funds

 

19,895

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 April 2025 and signed on its behalf by:
 

 

Aeron Riverside Laundry Ltd

(Registration number: 15006592)
Balance Sheet as at 31 July 2024

.........................................
Mr Krzysztof Marian Piksinski
Director

.........................................
Mrs Julie Louise Piksinska
Director

 
     
 

Aeron Riverside Laundry Ltd

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Clos Pencarreg
Aberaeron
Ceredigion
SA46 0DX

These financial statements were authorised for issue by the Board on 16 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Aeron Riverside Laundry Ltd

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Aeron Riverside Laundry Ltd

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 7.

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

50,622

8,500

59,122

At 31 July 2024

50,622

8,500

59,122

Depreciation

Charge for the period

10,124

1,700

11,824

At 31 July 2024

10,124

1,700

11,824

Carrying amount

At 31 July 2024

40,498

6,800

47,298

 

Aeron Riverside Laundry Ltd

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 July 2024

5

Stocks

2024
£

Other inventories

8,000

6

Debtors

Current

2024
£

Trade debtors

8,411

Prepayments

2,005

 

10,416

 

Aeron Riverside Laundry Ltd

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Trade creditors

 

102

Taxation and social security

 

12,453

Directors' loan accounts

 

43,929

Outstanding defined contribution pension costs

 

462

Other creditors

 

12,095

 

69,041

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

2

2

   

9

Related party transactions

Transactions with directors

2024

At 17 July 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Interest free loan repayable on demand

-

4,533

(48,462)

(43,930)