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REGISTERED NUMBER: 03916639 (England and Wales)












REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AEB (INTERNATIONAL) LIMITED

AEB (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 03916639)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Report of the Directors 2

Balance Sheet 4

Notes to the Financial Statements 6


AEB (INTERNATIONAL) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mr M Meissner
Mr M Kiess
Mr G Taylor





REGISTERED OFFICE: 3 Olympus Court
Olympus Avenue
Tachbrook Park
Warwick
CV34 6RZ





REGISTERED NUMBER: 03916639 (England and Wales)





AUDITORS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Statutory Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

AEB (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 03916639)

REPORT OF THE DIRECTORS
for the year ended 31 December 2024


The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of software sales and services.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr M Meissner
Mr M Kiess
Mr G Taylor

GOING CONCERN
The Company is dependent on the continued support of its holding company AEB SE, a company registered in Germany, and the wider private group of which it is part. The Directors are confident that this support will continue for the foreseeable future. Consequently the accounts have been drawn up on the going concern basis.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AEB (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 03916639)

REPORT OF THE DIRECTORS
for the year ended 31 December 2024


AUDITORS
The auditors, Pentlands Accountants and advisors Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr G Taylor - Director


5 June 2025

AEB (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 03916639)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 61,995 84,576

CURRENT ASSETS
Debtors 5 905,839 1,510,118
Cash at bank 834,639 883,883
1,740,478 2,394,001
CREDITORS
Amounts falling due within one year 6 1,846,452 2,626,348
NET CURRENT LIABILITIES (105,974 ) (232,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,979

)

(147,771

)

PROVISIONS FOR LIABILITIES 9,723 6,449
NET LIABILITIES (53,702 ) (154,220 )

CAPITAL AND RESERVES
Called up share capital 3 3
Share premium 119,999 119,999
Retained earnings (173,704 ) (274,222 )
SHAREHOLDERS' FUNDS (53,702 ) (154,220 )

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.

AEB (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 03916639)

BALANCE SHEET - continued
31 December 2024



The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





Mr G Taylor - Director


AEB (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 03916639)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

AEB (International) Limited 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.

Turnover
Turnover 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Website - 10% on reducing balance
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

AEB (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 03916639)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold Website machinery
£    £    £   
COST
At 1 January 2024 121,538 6,552 25,279
Additions 3,301 - -
Disposals (332 ) - -
At 31 December 2024 124,507 6,552 25,279
DEPRECIATION
At 1 January 2024 80,612 4,886 21,671
Charge for year 13,975 167 1,203
Eliminated on disposal (221 ) - -
At 31 December 2024 94,366 5,053 22,874
NET BOOK VALUE
At 31 December 2024 30,141 1,499 2,405
At 31 December 2023 40,926 1,666 3,608

AEB (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 03916639)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 25,092 152,385 330,846
Additions 353 11,335 14,989
Disposals - - (332 )
At 31 December 2024 25,445 163,720 345,503
DEPRECIATION
At 1 January 2024 21,369 117,732 246,270
Charge for year 1,019 21,095 37,459
Eliminated on disposal - - (221 )
At 31 December 2024 22,388 138,827 283,508
NET BOOK VALUE
At 31 December 2024 3,057 24,893 61,995
At 31 December 2023 3,723 34,653 84,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 731,103 1,122,209
Other debtors 13,323 17,330
Bad Debt Provision (2,250 ) -
Directors' current accounts - 10,949
Accrued Income 9,606 18,346
Prepayments 154,057 341,284
905,839 1,510,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,653 207,856
Amounts owed to group undertakings 1,375,460 1,829,204
Tax - (10,354 )
Social security and other taxes 50,954 53,424
VAT 122,616 126,762
Credit Card 4,287 5,917
Accruals and deferred income 95,990 215,024
Accrued expenses 186,492 198,515
1,846,452 2,626,348

AEB (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 03916639)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 88,348 86,228
Between one and five years 55,565 121,216
143,913 207,444

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tarandeep Singh Birdi (Senior Statutory Auditor)
for and on behalf of Pentlands Accountants and advisors Ltd

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, a loan to a Director was repaid. The interest was charged at approved HMRC rate, the amount outstanding at the year ending 31 December 2024 was £Nil (2023: £10,949).

10. RELATED PARTY DISCLOSURES

AEB (International) Ltd is a wholly owned subsidiary of AEB SE who prepare consolidated financial statements. AEB SE are incorporated and registered in Germany, their registered office is Sigmaringer 109, Straße 70567 Stuttgart. Germany.

AEB SE provide a loan to AEB (International) Ltd to support in the running of the Company. The loan also includes services between the two companies in the normal course of business.

The interest charged during the year on the loan provided was £70,628 (2023: £33,203).

The amount due to AEB SE at the balance sheet date through the intercompany loan was £1,375,460 (2023: £1,829,204)

The loan is repayable on demand.

11. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12. ULTIMATE CONTROLLING PARTY

The company is the wholly owned subsidiary of and controlled by AEB SE who are incorporated and registered in Germany, company registration number HRB 767 414.

13. GOING CONCERN

The company is dependent on the continued support of its holding company AEB SE a company registered in Germany, and the wider private group of which it is part. The Directors are confident that this support will continue for the foreseeable future. Consequently the accounts have been drawn up on the going concern basis.