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Registration number: 11382740

Aider UK Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Aider UK Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5 to 6

Notes to the Unaudited Financial Statements

7 to 14

Detailed Profit and Loss Account

15 to 17

 

Aider UK Ltd

Company Information

Director

Steven William Manning

Registered office

Horridge Farm
Romansleigh
South Molton
Devon
EX36 4JR

Accountants

Rural Accounts Ltd
AccountantsThe Myrtles
Rumsam Road
Barnstaple
Devon
EX32 9ER

 

Aider UK Ltd

Director's Report for the Year Ended 31 March 2025

The director presents his report and the financial statements for the year ended 31 March 2025.

Director of the company

The director who held office during the year was as follows:

Steven William Manning

Principal activity

The principal activity of the company is Construction activites

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 21 May 2025
 

.........................................
Steven William Manning
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Aider UK Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aider UK Ltd for the year ended 31 March 2025 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Accounting Technicians we are subject to its ethical and other professional requirements which are detailed at https:www.aat.org.uk
 

This report is made solely to the Board of Directors of Aider UK Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Aider UK Ltd and state those matters that we have agreed to state to the Board of Directors of Aider UK Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aider UK Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Aider UK 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 Aider UK Ltd. You consider that Aider UK 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 Aider UK 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.

......................................

Rural Accounts Ltd
Accountants
The Myrtles
Rumsam Road
Barnstaple
Devon
EX32 9ER

21 May 2025

 

Aider UK Ltd

Profit and Loss Account for the Year Ended 31 March 2025

Note

2025
£

2024
£

Turnover

 

1,766,483

2,426,256

Cost of sales

 

(1,218,795)

(1,536,421)

Gross profit

 

547,688

889,835

Administrative expenses

 

(378,064)

(340,506)

Operating profit

 

169,624

549,329

Other interest receivable and similar income

 

183

638

Interest payable and similar expenses

 

(12,637)

(15,319)

   

(12,454)

(14,681)

Profit before tax

4

157,170

534,648

Tax on profit

 

(35)

(121)

Profit for the financial year

 

157,135

534,527

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Aider UK Ltd

(Registration number: 11382740)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

996,864

915,027

Current assets

 

Stocks

6

9,138

2,420

Debtors

7

258,158

41,878

Cash at bank and in hand

 

-

81,012

 

267,296

125,310

Creditors: Amounts falling due within one year

8

(196,256)

(114,080)

Net current assets

 

71,040

11,230

Total assets less current liabilities

 

1,067,904

926,257

Creditors: Amounts falling due after more than one year

8

(203,935)

(191,921)

Net assets

 

863,969

734,336

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

863,869

734,236

Shareholders' funds

 

863,969

734,336

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 21 May 2025
 

 

Aider UK Ltd

(Registration number: 11382740)
Balance Sheet as at 31 March 2025

.........................................
Steven William Manning
Director

 

Aider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
Horridge Farm
Romansleigh
South Molton
Devon
EX36 4JR
England

These financial statements were authorised for issue by the director on 21 May 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.

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.

 

Aider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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 over their estimated useful lives on the following basis:

Asset class

Depreciation method and rate

Office equipment

Reducing 20%

Plant and machinery

Reducing 15%

Motor vehicles

Reducing 15%

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.

 

Aider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Aider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 the director) during the year, was 6 (2024 - 6).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

215,714

166,459

 

Aider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

1,123,347

165,647

1,288,994

Additions

362,540

127,328

489,868

Disposals

(145,492)

(46,325)

(191,817)

At 31 March 2025

1,340,395

246,650

1,587,045

Depreciation

At 1 April 2024

329,191

45,277

374,468

Charge for the year

185,066

30,647

215,713

At 31 March 2025

514,257

75,924

590,181

Carrying amount

At 31 March 2025

826,138

170,726

996,864

At 31 March 2024

794,657

120,370

915,027

6

Stocks

2025
£

2024
£

Work in progress

3,000

-

Other inventories

6,138

2,420

9,138

2,420

7

Debtors

Current

2025
£

2024
£

Trade debtors

258,158

41,878

 

258,158

41,878

 

Aider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

89,791

59,775

Trade creditors

 

105,984

32,934

Taxation and social security

 

35

121

Other creditors

 

446

21,250

 

196,256

114,080

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

203,935

191,921

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary £1 of £1 each

100

100

100

100

       

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

31,250

56,250

Hire purchase contracts

112,685

75,671

Other borrowings

60,000

60,000

203,935

191,921

 

Aider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

2025
£

2024
£

Bank overdrafts

10,306

-

Hire purchase contracts

79,485

59,775

89,791

59,775

11

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £275.00 (2024 - £500.00) per each Ordinary £1

27,500

50,000

 

 

12

Related party transactions

During the year the company paid for use of sheds a total of £39,600 to two partnership businesses with his father and wife. In the previous year £23,000 was paid to them.

 

Aider UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

9,000

9,000

 

Aider UK Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2025

2025
 £

2024
 £

Turnover

1,766,483

2,426,256

Cost of sales

(1,218,795)

(1,536,421)

Gross profit

547,688

889,835

Gross profit (%)

31%

36.68%

Administrative expenses

Employment costs

13,489

11,998

Establishment costs

94,782

88,615

General administrative expenses

74,215

75,524

Finance charges

547

803

Depreciation costs

215,714

166,459

Other expenses

(20,683)

(2,893)

378,064

340,506

Operating profit

169,624

549,329

Other interest receivable and similar income

183

638

Interest payable and similar charges

(12,637)

(15,319)

(12,454)

(14,681)

Profit before tax

157,170

534,648

 

Aider UK Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2025

2025
£

2024
£

   

Turnover

Sale of goods, UK

1,766,483

2,426,256

   

Cost of sales

Opening raw materials

2,420

7,100

Opening work in progress

-

2,630

Materials

638,727

886,023

Closing stock

(6,137)

(2,420)

Closing work in progress

(3,000)

-

Wages and salaries

103,791

164,334

Staff NIC (Employers)

4,335

174

Staff pensions

2,792

4,020

Private health insurance

2,051

959

Subcontract labour

193,617

188,534

Hire of plant and machinery

249,098

189,559

Repairs and maintenance

28,533

78,928

Direct professional fees

2,568

16,580

1,218,795

1,536,421

   

Employment costs

Directors remuneration

9,000

9,000

Private health insurance

2,609

303

Staff training

1,880

2,695

13,489

11,998

   

Establishment costs

Rent

39,600

23,000

Light, heat and power

900

1,120

Insurance

38,891

24,838

Use of home as office

520

520

Repairs and maintenance

14,871

39,137

94,782

88,615

   

General administrative expenses

Telephone

123

545

IT software and consumables

2,044

2,470

Printing, postage and stationery

198

1,099

 

Aider UK Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2025

2025
£

2024
£

   

Protective clothing and uniforms

559

2,762

Subscriptions and sundry

860

693

Charitable donations

1,000

-

Health and safety

7,216

203

Motor expenses and travel

45,004

35,281

Subsistence

13,251

28,687

Accountancy fees

3,960

1,800

Bookkeeping

-

1,984

74,215

75,524

   

Finance charges

Bank charges

490

675

Finance charges

57

128

547

803

   

Depreciation costs

Depreciation

215,714

166,459

   

Other expenses

Loss/profit on disposal of tangible fixed assets

20,683

2,893

   

Other interest receivable and similar income

Other interest receivable

183

638

   

Interest payable and similar expenses

Bank interest payable

3,550

102

Bank loan interest payable

3,900

9,256

Hire purchase interest

5,187

5,961

12,637

15,319