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REGISTERED NUMBER: NI682650 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

AEW Enterprises Ltd

AEW Enterprises Ltd (Registered number: NI682650)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AEW Enterprises Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A J Wilkinson





REGISTERED OFFICE: 15 Mount Regan Avenue
Dundonald
BELFAST
BT16 1JA





REGISTERED NUMBER: NI682650 (Northern Ireland)





ACCOUNTANTS: Minshull & Co
19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN

AEW Enterprises Ltd (Registered number: NI682650)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,250 3,250
Tangible assets 5 61,573 73,385
63,823 76,635

CURRENT ASSETS
Stocks 6 3,450 1,860
Debtors 7 - 2,961
Cash at bank and in hand 10,664 8,863
14,114 13,684
CREDITORS
Amounts falling due within one year 8 42,789 48,023
NET CURRENT LIABILITIES (28,675 ) (34,339 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,148

42,296

CREDITORS
Amounts falling due after more than
one year

9

(28,008

)

(41,330

)

PROVISIONS FOR LIABILITIES 10 (1,550 ) -
NET ASSETS 5,590 966

AEW Enterprises Ltd (Registered number: NI682650)

Balance Sheet - continued
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 5,589 965
SHAREHOLDERS' FUNDS 5,590 966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





A J Wilkinson - Director


AEW Enterprises Ltd (Registered number: NI682650)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

AEW Enterprises Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 10% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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


AEW Enterprises Ltd (Registered number: NI682650)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Licences
£   
COST
At 1 October 2023
and 30 September 2024 5,000
AMORTISATION
At 1 October 2023 1,750
Amortisation for year 1,000
At 30 September 2024 2,750
NET BOOK VALUE
At 30 September 2024 2,250
At 30 September 2023 3,250

AEW Enterprises Ltd (Registered number: NI682650)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 339 84,521 366 85,226
Additions - - 569 569
At 30 September 2024 339 84,521 935 85,795
DEPRECIATION
At 1 October 2023 56 11,724 61 11,841
Charge for year 68 12,132 181 12,381
At 30 September 2024 124 23,856 242 24,222
NET BOOK VALUE
At 30 September 2024 215 60,665 693 61,573
At 30 September 2023 283 72,797 305 73,385

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 84,521
DEPRECIATION
At 1 October 2023 11,724
Charge for year 12,132
At 30 September 2024 23,856
NET BOOK VALUE
At 30 September 2024 60,665
At 30 September 2023 72,797

6. STOCKS
30/9/24 30/9/23
£    £   
Stocks 3,450 1,860

AEW Enterprises Ltd (Registered number: NI682650)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors - 1,260
Prepayments and accrued income - 1,701
- 2,961

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Hire purchase contracts 17,235 17,003
Trade creditors 2,023 3,784
Social security and other taxes 531 531
VAT 971 1,344
Other creditors - 114
Directors' current accounts 18,294 21,020
Accruals and deferred income 3,735 4,227
42,789 48,023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/9/24 30/9/23
£    £   
Hire purchase contracts 28,008 41,330

10. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£    £   
Deferred tax 1,550 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during
year

1,550
Balance at 30 September 2024 1,550

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
1 Ordinary £1 1 1

AEW Enterprises Ltd (Registered number: NI682650)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

12. RESERVES
Retained
earnings
£   

At 1 October 2023 965
Profit for the year 5,624
Dividends (1,000 )
At 30 September 2024 5,589