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Company Registration No. 13050853 (England and Wales)
AEC Software Ltd Unaudited accounts for the year ended 30 November 2024
AEC Software Ltd Unaudited accounts Contents
Page
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AEC Software Ltd Company Information for the year ended 30 November 2024
Directors
Corina Bolojan Timotei Bolojan
Company Number
13050853 (England and Wales)
Registered Office
5 Melbourne House Corby Gate Business Park Priors Haw Road Corby NN17 5JG United Kingdom
Accountants
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ
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AEC Software Ltd Accountants' report
Accountants' report to the board of directors of AEC Software Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AEC Software Ltd for the year ended 30 November 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of AEC Software Ltd, as a body, in accordance with the terms of our engagement letter dated 27 November 2020. Our work has been undertaken solely to prepare for your approval the accounts of AEC Software Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AEC Software Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AEC Software Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AEC Software Ltd. You consider that AEC Software Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AEC Software Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ 31 March 2025
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AEC Software Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
648 
2,555 
Current assets
Debtors
6,488 
5,776 
Cash at bank and in hand
3,020 
373 
9,508 
6,149 
Creditors: amounts falling due within one year
(6,610)
(4,364)
Net current assets
2,898 
1,785 
Total assets less current liabilities
3,546 
4,340 
Provisions for liabilities
Deferred tax
(162)
(639)
Net assets
3,384 
3,701 
Capital and reserves
Called up share capital
40 
40 
Profit and loss account
3,344 
3,661 
Shareholders' funds
3,384 
3,701 
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Timotei Bolojan Director Company Registration No. 13050853
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AEC Software Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
AEC Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 13050853. The registered office is 5 Melbourne House, Corby Gate Business Park, Priors Haw Road, Corby, NN17 5JG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% SL
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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AEC Software Ltd Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
767 
4,565 
5,332 
Additions
- 
343 
343 
Disposals
(767)
- 
(767)
At 30 November 2024
- 
4,908 
4,908 
Depreciation
At 1 December 2023
153 
2,624 
2,777 
Charge for the year
- 
1,636 
1,636 
Surplus on revaluation
(153)
- 
(153)
At 30 November 2024
- 
4,260 
4,260 
Net book value
At 30 November 2024
- 
648 
648 
At 30 November 2023
614 
1,941 
2,555 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,330 
5,685 
Accrued income and prepayments
138 
- 
Other debtors
20 
91 
6,488 
5,776 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,918 
859 
Taxes and social security
4,579 
2,158 
Other creditors
- 
1,079 
Accruals
113 
268 
6,610 
4,364 
7
Transactions with related parties
During the year, the dividends of £17,040 (2023: £7,006) were paid to the Directors.
8
Controlling party
The Company is subsidiary of Mason Capital Holdings Ltd. Mason Capital Holdings Ltd is a 50% shareholder in AEC Software Ltd, a company controlled by its board of directors, Mr and Mrs Bolojan.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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