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REGISTERED NUMBER: SC672260 (Scotland)















AETLA LIMITED

Financial Statements

for the Year Ended 31 August 2024






AETLA LIMITED (REGISTERED NUMBER: SC672260)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AETLA LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: K Wraae-Stewart
G D Stewart





SECRETARY: Aberdein Considine Secretarial Services Limited





REGISTERED OFFICE: C/o Aberdein Considine
2nd Floor, Elder House
Elder Street
Edinburgh
EH1 3DX





REGISTERED NUMBER: SC672260 (Scotland)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

AETLA LIMITED (REGISTERED NUMBER: SC672260)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 16,700 18,429

CURRENT ASSETS
Stock and work in progress 130,641 111,233
Debtors 5 10,520 11,528
Cash at bank 12,578 15,677
153,739 138,438
CREDITORS
Amounts falling due within one year 6 122,889 95,476
NET CURRENT ASSETS 30,850 42,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,550

61,391

PROVISIONS FOR LIABILITIES 2,575 2,904
NET ASSETS 44,975 58,487

CAPITAL AND RESERVES
Called up share capital 999 999
Retained earnings 43,976 57,488
SHAREHOLDERS' FUNDS 44,975 58,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

AETLA LIMITED (REGISTERED NUMBER: SC672260)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2025 and were signed on its behalf by:





K Wraae-Stewart - Director


AETLA LIMITED (REGISTERED NUMBER: SC672260)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Aetla Limited is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off assets over their estimated useful lives:

Short leasehold improvements - remaining period of lease
Furniture and displays - 20% of cost
Office equipment - 25% of cost

Stock
Stock is stated at the lower of cost and estimated net realisable value, after making due provision for any obsolete and slow-moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

AETLA LIMITED (REGISTERED NUMBER: SC672260)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures
Land and and
buildings fittings Totals
£    £    £   
COST
At 1 September 2023 5,243 23,934 29,177
Additions - 4,432 4,432
At 31 August 2024 5,243 28,366 33,609
DEPRECIATION
At 1 September 2023 - 10,748 10,748
Charge for year - 6,161 6,161
At 31 August 2024 - 16,909 16,909
NET BOOK VALUE
At 31 August 2024 5,243 11,457 16,700
At 31 August 2023 5,243 13,186 18,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,739 6,424
Other debtors 3,771 4,231
Prepayments 1,010 873
10,520 11,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 1,198 10,464
Social security and other taxes 19,011 6,109
Other creditors 764 -
Directors' current accounts 92,456 72,743
Accrued expenses 9,460 6,160
122,889 95,476

AETLA LIMITED (REGISTERED NUMBER: SC672260)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,200 13,200
Between one and five years 11,000 24,200
24,200 37,400

The commitment relates to a property lease.