Aedean Flooring Ltd
Registered number: 06709971
Statement of Financial Position
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 718 831
Current assets
Debtors 4 18,560 10,461
Cash at bank and in hand 111,360 115,424
129,920 125,885
Creditors: amounts falling due within one year 5 (54,770) (40,306)
Net current assets 75,150 85,579
Total assets less current liabilities 75,868 86,410
Creditors: amounts falling due after more than one year 6 (11,281) (21,542)
Net assets 64,587 64,868
Capital and reserves
Called up share capital 21 21
Share premium 34,980 34,980
Profit and loss account 29,586 29,867
Shareholders' funds 64,587 64,868
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Dean
Director
Approved by the board on 25 June 2025
Aedean Flooring Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 10 years
Plant and machinery 3 year straight line
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 10,334 14,490 24,824
Additions - 504 504
At 31 October 2024 10,334 14,994 25,328
Depreciation
At 1 November 2023 10,334 13,659 23,993
Charge for the year - 617 617
At 31 October 2024 10,334 14,276 24,610
Net book value
At 31 October 2024 - 718 718
At 31 October 2023 - 831 831
4 Debtors 2024 2023
£ £
Trade debtors 16,013 2,338
Prepayments 69 -
Other debtors 2,478 8,123
18,560 10,461
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,227 9,974
Trade creditors 17,430 3,418
Accruals 1,340 2,430
Corporation tax 17,661 22,807
Other taxes and social security costs 6,487 384
Other creditors 1,625 1,293
54,770 40,306
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,281 21,542
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
M Dean
Repayable on demand 3,873 - 2,654 1,219
3,873 - 2,654 1,219
8 Other information
Aedean Flooring Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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