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REGISTERED NUMBER: 07566611 (England and Wales)










GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

AYM GROUP LTD

PREVIOUSLY KNOWN AS
LTC CENTRAL LIMITED

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Director 4

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Statement of Financial Position 10

Company Statement of Financial Position 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Statement of Cash Flows 14

Notes to the Consolidated Statement of Cash Flows 15

Notes to the Consolidated Financial Statements 16


AYM GROUP LTD
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr M Loizias





REGISTERED OFFICE: Lakeside Park
Medway City Estate
Kent
ME2 4LT





REGISTERED NUMBER: 07566611 (England and Wales)





AUDITORS: AGK Partnership Ltd
Chartered Accountants & Statutory Auditors
1 Kings Avenue
London
N21 3NA

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The director presents his strategic report of the company and the group for the year ended 30 September 2024.

REVIEW OF BUSINESS
The group has experienced unprecedented trading conditions this financial year but nevertheless, with these extenuating circumstances have managed to show a profit before tax of £139,538 from £24.06M turnover, an increase of £0.04M from the previous year's turnover. We expect a better outcome in comparison to Sep 24 figures for the future.

Interest rate risk
Increases in interest rates have impacted the business especially when we are experiencing growth. Despite this, the group has managed to expand wherever possible as indicated from the increase in turnover from £24.04M in 2023 to £24.06M in 2024. The group will grow even further should interest rates become more favourable in the future.

Brexit
Sourcing of labour remain a priority for the group which the shortage being felt by the construction industry. Brexit has undoubtedly played a key role, forcing companies to adapt and accept higher inflated cost of labour thus limiting our potential. The business is striving to acquire labour services to support demand, and continues to recruit, retaining skilled labour for our projects.

Nonetheless, the business has overcome the challenges while investing heavily in our people. We continue to invest in our skilled, experienced, and dedicated labour force, we believe the key to navigate through these difficult times. We have experienced success in promoting the trade while actively engaging with our stakeholders whether suppliers or employees and will continue to do so to enhance the mutual benefits promoting the business in the long run.

Despite more prevalent in the last few years, the legacy of Covid & conflict between Russia & Ukraine remains a dominant feature in the trading conditions. The business has had to adapt and acknowledge that the conditions prevailing prior to these occurrences remain to be seen. Nevertheless, the business has maintained its vision of delivering profits.

Prospects
We have committed ourselves to deliver an excellent service and believe we have performed on that level judging by the profits and turnover for the financial year. The same ethos will ensure we outperform ourselves for the next financial year. We are confident in delivering the profits and level of trade with our noticeable presence.

PRINCIPAL RISKS AND UNCERTAINTIES
The market is highly competitive. The director actively manages risk across all areas of the business. The main risks are competition risk, reputational risk and credit risk.

The director has made strategic decisions in the best interest of the group, it is the opinion of the director that the group has sufficient reserves to be able to continue in operational existence for the foreseeable future.

KEY PERFORMANCE INDICATORS
The Director considers the following as key performance indicators

2024 2023
£    £   
Turnover 24,064,578 24,042,494
Gross Profit 5,499,133 4,772,030
Gross Margin 22.85% 19.85%
Profit before tax 139,538 210,121
Net Assets 3,201,197 3,195,560


KEY STRATEGY AND FUTURE DEVELOPMENTS
The Director has built a strong brand and reputation by providing first class service in construction projects. This is achieved by aligning ourselves closely with our clients, ensuring we have a full understanding of their requirements. Our strategy is to continue to specialise in our principal activities, maintain our brand reputation whilst managing the risk areas across our business.


AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

FINANCIAL POSITION
The Group is in good health and allows expansion of the business from its own resources. The results for the year and the financial position at the year-end were considered satisfactory by the director who expects controlled growth and profitability to continue in the foreseeable future.

The director is confident that the Group will be able to strengthen its financial position by building on its current portfolio of contracts and grow the business with both existing and new clients in the future.

Employees
It is the policy of the Group's to encourage and develop all members of staff to realise their maximum potential. Wherever possible, vacancies are filled from within the Group and adequate opportunities for internal promotion are created. The Board is committed to a systematic training policy and has a comprehensive training and development potential to a maximum level of attainment. In this way, staff will make their best possible contribution to the organisation's success. The Group supports the principle of equal opportunities in employment and opposes all forms of unlawful or unfair discrimination on the grounds of race, age, nationality, religion, ethnic or national origin, sexual orientation, gender or gender reassignment, marital status or disability. It is also the policy of the Group, where possible, to give sympathetic consideration to disabled persons in their application for employment with the Group and to protect the interests of existing members of the staff who are disabled.

The group has made the necessary provision for allowing employees to work remotely and be connected to the company intranet.

Environmental Policy
The Board acknowledges that environmental protection is one of the Group's business responsibilities. It aims for a continuous improvement in the Group's environmental performance and to comply with all relevant regulations. Also the Board does not consider that this line of business has a large adverse impact upon the environment. As a result the company does not manage its business by reference to any environmental key performance indicators. The company seeks to maintain a high proportion of its records electronically and of the paper it does use, over 80% of its paper consumption is recycled through the use of recycling bags.

ON BEHALF OF THE BOARD:





Mr M Loizias - Director


30 June 2025

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The director presents his report with the financial statements of the company and the group for the year ended 30 September 2024.

CHANGE OF NAME
The group passed a special resolution on 24 January 2025 changing its name from LTC Central Limited to AYM Group Ltd.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of scaffold erection, roofing activities and building and construction.

DIVIDENDS
No interim dividend was paid during the year. The director recommends a final dividend of £358.21 per share.

The total distribution of dividends for the year ended 30 September 2024 will be £ 72,000 .

DIRECTOR
Mr M Loizias held office during the whole of the period from 1 October 2023 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE
Company paid £1,526 for donations (2023: £1,366) which is made up of small donations to various causes. It did not make any political donations during the year.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he 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 group's auditors are aware of that information.

AUDITORS
The auditors, AGK Partnership Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr M Loizias - Director


30 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AYM GROUP LTD
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

Opinion
We have audited the financial statements of AYM Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AYM GROUP LTD
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AYM GROUP LTD
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognize non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the group through discussions with directors and other
management, and from our commercial knowledge and experience of the industry;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual,suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in
determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators, and the group's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations
are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Alekos Christofi FCCA (Senior Statutory Auditor)
for and on behalf of AGK Partnership Ltd
Chartered Accountants & Statutory Auditors
1 Kings Avenue
London
N21 3NA

30 June 2025

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

REVENUE 3 24,064,578 24,042,494

Cost of sales 18,565,445 19,270,464
GROSS PROFIT 5,499,133 4,772,030

Administrative expenses 4,876,131 4,119,763
623,002 652,267

Other operating income 4,249 4,582
OPERATING PROFIT 5 627,251 656,849


Interest payable and similar expenses 6 487,713 446,728
PROFIT BEFORE TAXATION 139,538 210,121

Tax on profit 7 62,001 142,160
PROFIT FOR THE FINANCIAL YEAR 77,537 67,961
Profit attributable to:
Owners of the parent 77,537 67,961

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 77,537 67,961


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

77,537

67,961

Total comprehensive income attributable to:
Owners of the parent 77,537 67,961

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 10 3,747,005 3,681,020
Investments 11 - -
3,747,005 3,681,020

CURRENT ASSETS
Inventories 12 956,753 1,961,482
Debtors 13 7,281,029 5,065,451
Cash at bank and in hand 738,089 662,149
8,975,871 7,689,082
CREDITORS
Amounts falling due within one year 14 7,721,137 5,956,094
NET CURRENT ASSETS 1,254,734 1,732,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,001,739

5,414,008

CREDITORS
Amounts falling due after more than one
year

15

(971,107

)

(1,442,129

)

PROVISIONS FOR LIABILITIES 19 (829,435 ) (776,319 )
NET ASSETS 3,201,197 3,195,560

CAPITAL AND RESERVES
Called up share capital 20 301 201
Retained earnings 21 3,200,896 3,195,359
SHAREHOLDERS' FUNDS 3,201,197 3,195,560

The financial statements were approved by the director and authorised for issue on 30 June 2025 and were signed by:





Mr M Loizias - Director


AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

COMPANY STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 10 362,171 387,886
Investments 11 1,101 1,101
363,272 388,987

CURRENT ASSETS
Debtors 13 2,598,748 2,213,615
Cash at bank and in hand 25,878 28,672
2,624,626 2,242,287
CREDITORS
Amounts falling due within one year 14 2,243,007 2,146,547
NET CURRENT ASSETS 381,619 95,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,891

484,727

CREDITORS
Amounts falling due after more than one
year

15

(387,240

)

(122,234

)

PROVISIONS FOR LIABILITIES 19 (82,725 ) (29,609 )
NET ASSETS 274,926 332,884

CAPITAL AND RESERVES
Called up share capital 20 201 201
Retained earnings 21 274,725 332,683
SHAREHOLDERS' FUNDS 274,926 332,884

Company's profit for the financial year 14,042 64,393

The financial statements were approved by the director and authorised for issue on 30 June 2025 and were signed by:





Mr M Loizias - Director


AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 201 3,199,832 3,200,033

Changes in equity
Dividends - (72,434 ) (72,434 )
Total comprehensive income - 67,961 67,961
Balance at 30 September 2023 201 3,195,359 3,195,560

Changes in equity
Issue of share capital 100 - 100
Dividends - (72,000 ) (72,000 )
Total comprehensive income - 77,537 77,537
Balance at 30 September 2024 301 3,200,896 3,201,197

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 201 340,724 340,925

Changes in equity
Dividends - (72,434 ) (72,434 )
Total comprehensive income - 64,393 64,393
Balance at 30 September 2023 201 332,683 332,884

Changes in equity
Dividends - (72,000 ) (72,000 )
Total comprehensive income - 14,042 14,042
Balance at 30 September 2024 201 274,725 274,926

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,109,959 1,588,876
Interest paid (346,677 ) (305,208 )
Interest element of hire purchase payments
paid

(141,036

)

(141,520

)
Tax paid (8,885 ) (66,606 )
Net cash from operating activities 1,613,361 1,075,542

Cash flows from investing activities
Purchase of tangible fixed assets (487,920 ) (346,499 )
Sale of tangible fixed assets 48,612 98,142
Net cash from investing activities (439,308 ) (248,357 )

Cash flows from financing activities
Loan repayments in year (492,166 ) (410,775 )
Capital repayments in year (254,576 ) (398,848 )
Amount introduced by directors 62,914 -
Amount withdrawn by directors (342,385 ) (158,097 )
Share issue 100 -
Equity dividends paid (72,000 ) (72,434 )
Net cash from financing activities (1,098,113 ) (1,040,154 )

Increase/(decrease) in cash and cash equivalents 75,940 (212,969 )
Cash and cash equivalents at beginning
of year

2

662,149

875,118

Cash and cash equivalents at end of year 2 738,089 662,149

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit for the financial year 77,537 67,961
Depreciation charges 381,253 399,962
Profit on disposal of fixed assets (7,930 ) (33,224 )
Finance costs 487,713 446,728
Taxation 62,001 142,160
1,000,574 1,023,587
Decrease/(increase) in inventories 1,004,729 (243,247 )
(Increase)/decrease in trade and other debtors (1,936,007 ) 409,563
Increase in trade and other creditors 2,040,663 398,973
Cash generated from operations 2,109,959 1,588,876

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 738,089 662,149
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 662,149 875,118


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank and in hand 662,149 75,940 738,089
662,149 75,940 738,089
Debt
Finance leases (1,281,431 ) 254,576 (1,026,855 )
Debts falling due within 1 year (826,106 ) 177,661 (648,445 )
Debts falling due after 1 year (800,123 ) 314,505 (485,618 )
(2,907,660 ) 746,742 (2,160,918 )
Total (2,245,511 ) 822,682 (1,422,829 )

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

AYM Group Ltd 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
At the time of approving the financial statements, the Director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the Director continues to adopt the going concern basis of accounting in preparing the financial statements.

The director regards the foreseeable future as no less than twelve months following the publication of these annual financial statements. The director has considered the group's balance sheet position as at the year end, its working capital forecasts, taking account of possible changes in trading performance and the current state of its operating market, and is satisfied that for the foreseeable future, the group's financial position is improving and will enable the group to remain in operational existence. In addition, the director and the shareholders have agreed to provide continuing financial support as and when required to enable the group to continue in operational existence. Consequently, the director considers it to be appropriate to prepare the financial statements on the going concern basis.

Basis of consolidation
The group financial statements consolidate the financial statements of AYM Group Limited and all its subsidiary undertakings drawn up to 30 September each year. No profit and loss account is presented for AYM Group Limited as permitted by section 408 of the Companies Act 2006.

Subsidiaries are consolidated from the date of their acquisition, being the date on which the Group obtains control and continue to be consolidated until the date that such control ceases. Control comprises the power to govern the financial and operating policies of the investee so as to obtain benefit from its activities.

Investment in Subsidiaries
In the parent company financial statements investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Significant judgements and estimates
In the application of the group's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

In preparing these financial statements the director has made the following judgements:

Provisions
Provisions have been made for trade debtors and inventory obsolescence and returns, where appropriate. These provisions are an estimate of the actual costs and the timing of future cash flows is dependent on future events. The difference between expectations and the actual future liability will be accounted for in the period when such determination is made.

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Turnover is reduced for customer returns and other similar allowances.

Turnover is recognised at the point the group has transferred to the buyer the significant risks and rewards, the amount of the turnover can be measured reliably and it is probable the economic benefits associated with the transactions will flow to the company.

Turnover related income from maintenance contracts is recognised evenly over the period of the contract.

When the outcome of a construction contract can be estimated reliably, contract revenue and contract costs are recognised as revenue and expenses respectively by reference to the stage of completion of the contract activity at the balance sheet date. When the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred that are likely to be recoverable. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Contract revenue comprises the initial amount of revenue agreed in the contract and variations in the contract work and claims that can be measured reliably. A variation or a claim is recognised as contract revenue when it is probable that the customer will approve the variation or negotiations have reached an advanced stage such that it is probable that the customer will accept the claim.

The stage of completion is measured by reference to the ratio of contract costs incurred to date to the estimated total costs for the contract. Costs incurred during the financial year in connection with future activity on a contract are excluded from the costs incurred to date when determining the stage of completion of a contract. Such costs are shown as construction contract work-in-progress on the balance sheet unless it is not probable that such contract costs are recoverable from the customers, in which case, such costs are recognised as an expense immediately.

At the balance sheet date, the cumulative costs incurred plus recognised profit (less recognised loss) on each contract is compared against the progress billings. Where the cumulative costs incurred plus the recognised profits (less recognised losses) exceed progress billings, the balance is presented as due from customers on construction contracts within "Gross amounts recoverable on contract customers". Where progress billings exceed the cumulative costs incurred plus recognised profits (less recognised losses), the balance is presented as due to customers on construction contracts within "Payments on account".

Progress billings not yet paid by customers and retentions by customers are included within "Amount recoverable on contract". Advances received are included within "Payments on account".

Tangible fixed assets
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 15% - 25% straight line
Fixtures and fittings 33% straight line
Motor vehicles 15% straight line
Website development 33% straight line

The company has a policy not to depreciate in the year fixed assets are bought and depreciate it full year in the year assets are sold.

Stocks
Stock is valued at lower of cost and net realisable value. A source of estimation uncertainty surrounds the net realisable value of the stock and as to whether or not there is an indication of impairment. To address this, management review both historic and post year end sales of all stock lines compared to quantity of stock held and use this to form the basis for any impairment. In order to establish an appropriate cost of the stock, the cumulative value of the last purchase price, the cost of duty, commission and shipping are taken into account. These costs are re-assessed on an annual basis.


AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

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

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss under other operating expenses.

The carrying value of all financial assets and liabilities are measured at amortised cost.

Trade debtors are subject to factoring. If the risk of non-payment is fully transferred to the factor (without recourse), the receivables are derecognised from the balance sheet, and any resulting gain or loss is recognised in profit or loss. If the company retains the risk (with recourse), the receivables remain on the balance sheet, and the cash received is recognised as a liability. Factoring costs are recognised in profit or loss as incurred.

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. REVENUE

The revenue and profit before taxation are attributable to the one principal activity of the group.

An analysis of revenue by class of business is given below:

2024 2023
£    £   
Scaffolding 6,224,658 7,381,948
Brickwork 207,970 2,464,270
Building completion 17,631,950 14,196,276
24,064,578 24,042,494

An analysis of revenue by geographical market is given below:

2024 2023
£    £   
United Kingdom 24,064,578 24,042,494
24,064,578 24,042,494

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 2,725,261 2,136,516
Social security costs 120,786 107,797
Other pension costs 118,979 98,868
2,965,026 2,343,181

The average number of employees during the year was as follows:
2024 2023

Sales 6 6
Administrative 84 81
90 87

The average number of employees by undertakings that were proportionately consolidated during the year was 90 (2023 - 87 ) .

2024 2023
£    £   
Director's remuneration - 5,133

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 731,275 592,402
Other operating leases 94,738 89,032
Depreciation - owned assets 279,682 306,229
Depreciation - assets on hire purchase contracts 125,573 93,734
Profit on disposal of fixed assets (7,930 ) (33,224 )
Auditors' remuneration 51,928 24,600

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 74,986 45,476
Interest payable 265,039 252,487
Interest on overdue tax 6,652 7,245
Hire purchase 141,036 141,520
487,713 446,728

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
Corporation tax - PY Adj. 8,885 -

Deferred tax 53,116 142,160
Tax on profit 62,001 142,160

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 139,538 210,121
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 25 %)

34,885

52,530

Effects of:
Expenses not deductible for tax purposes 8,203 12,707
Income not taxable for tax purposes - (8,305 )
Depreciation in excess of capital allowances 16,311 11,108
Utilisation of tax losses 142,776 -
Deferred tax 62,001 142,479

Profit on disposal of assets (1,983 ) (9,604 )
Tax losses carried forward (200,192 ) (58,755 )

Total tax charge 62,001 142,160

8. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

The profit after tax of AYM Group Limited for the year ended 30 September 2024 was £14,042 (2023: £64,393).

9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Final 72,000 72,434

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. PROPERTY, PLANT AND EQUIPMENT

Group
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 4,744,832 15,357 754,322 11,646 5,526,157
Additions 276,630 - 210,411 879 487,920
Disposals (24,430 ) - (43,502 ) - (67,932 )
At 30 September 2024 4,997,032 15,357 921,231 12,525 5,946,145
DEPRECIATION
At 1 October 2023 1,494,721 13,964 328,961 7,491 1,845,137
Charge for year 299,002 464 103,691 2,098 405,255
Eliminated on disposal (11,238 ) - (40,014 ) - (51,252 )
At 30 September 2024 1,782,485 14,428 392,638 9,589 2,199,140
NET BOOK VALUE
At 30 September 2024 3,214,547 929 528,593 2,936 3,747,005
At 30 September 2023 3,250,111 1,393 425,361 4,155 3,681,020

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 193,680 712,650 906,330
Additions - 210,411 210,411
Disposals - (40,045 ) (40,045 )
At 30 September 2024 193,680 883,016 1,076,696
DEPRECIATION
At 1 October 2023 117,842 291,327 409,169
Charge for year 22,457 103,116 125,573
Eliminated on disposal - (36,872 ) (36,872 )
At 30 September 2024 140,299 357,571 497,870
NET BOOK VALUE
At 30 September 2024 53,381 525,445 578,826
At 30 September 2023 75,838 421,323 497,161

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. PROPERTY, PLANT AND EQUIPMENT - continued

Company
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 365,900 15,357 184,993 11,646 577,896
Additions - - - 879 879
Disposals - - (3,457 ) - (3,457 )
At 30 September 2024 365,900 15,357 181,536 12,525 575,318
DEPRECIATION
At 1 October 2023 116,223 13,964 52,332 7,491 190,010
Charge for year 3,848 464 19,869 2,098 26,279
Eliminated on disposal - - (3,142 ) - (3,142 )
At 30 September 2024 120,071 14,428 69,059 9,589 213,147
NET BOOK VALUE
At 30 September 2024 245,829 929 112,477 2,936 362,171
At 30 September 2023 249,677 1,393 132,661 4,155 387,886

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 90,000 143,321 233,321
DEPRECIATION
At 1 October 2023 47,248 14,698 61,946
Charge for year 3,848 19,293 23,141
At 30 September 2024 51,096 33,991 85,087
NET BOOK VALUE
At 30 September 2024 38,904 109,330 148,234
At 30 September 2023 42,752 128,623 171,375

11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 1,101
NET BOOK VALUE
At 30 September 2024 1,101
At 30 September 2023 1,101

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiaries

LTC Scaffolding Limited
Registered office: United Kingdom
Nature of business: Scaffold erection
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 96,644 487,206
Loss for the year (390,562 ) (174,456 )

AYM (Services) Limited
Registered office: United Kingdom
Nature of business: Building and construction
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 3,077,909 2,429,171
Profit for the year 648,738 411,745

Harvil Brickwork Limited
Registered office: United Kingdom
Nature of business: Roofing activities
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (247,182 ) (52,606 )
Loss for the year (194,576 ) (233,821 )


12. STOCKS

Group
2024 2023
£    £   
Stocks 103,164 125,428
Work-in-progress 853,589 1,836,054
956,753 1,961,482

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 6,427,076 4,468,468 - 826
Amounts owed by group undertakings - - 2,408,207 1,846,870
Amounts recoverable on contract - 182,768 - -
Other debtors 230,328 219,593 34,521 196,292
Directors' loan accounts 342,385 62,914 147,438 62,914
VAT 261,502 117,715 8,582 106,713
Prepayments 19,738 13,993 - -
7,281,029 5,065,451 2,598,748 2,213,615

The trade debtors balance includes £557,447 (2023: 657,049) which is covered by an invoice discounting arrangement.

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 16) 648,445 826,106 95,953 143,189
Hire purchase contracts (see note 17) 541,366 639,425 63,592 91,943
Trade creditors 3,375,733 2,216,004 58,729 41,791
Amounts owed to group undertakings - - 1,983,215 1,837,061
Social security and other taxes 181,830 271,211 18,652 18,449
Other creditors 2,329,278 1,128,948 16,866 5,614
Accrued expenses 644,485 874,400 6,000 8,500
7,721,137 5,956,094 2,243,007 2,146,547

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 16) 485,618 800,123 286,235 54,498
Hire purchase contracts (see note 17) 485,489 642,006 101,005 67,736
971,107 1,442,129 387,240 122,234

The bank loans are secured by a fixed and floating charge over the assets of the company.

16. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 648,445 826,106 95,953 143,189
Amounts falling due between two and five years:
Bank loans - 2-5 years 485,618 800,123 286,235 54,498

The bank loans are secured by a fixed and floating charge over the assets of the company.

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 568,113 662,401
Between one and five years 512,250 662,264
1,080,363 1,324,665

Finance charges repayable:
Within one year 26,747 22,976
Between one and five years 26,761 20,258
53,508 43,234

Net obligations repayable:
Within one year 541,366 639,425
Between one and five years 485,489 642,006
1,026,855 1,281,431

Company
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 63,592 91,943
Between one and five years 101,005 67,736
164,597 159,679

18. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans 1,134,063 1,626,229 382,188 197,687

Bank loans are secured by way of a fixed and floating charges over the assets of the company.

19. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax
Accelerated capital allowances 746,710 696,999 - (49,711 )
Deferred tax 82,725 79,320 82,725 79,320
829,435 776,319 82,725 29,609

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

19. PROVISIONS FOR LIABILITIES - continued

Group
Deferred
tax
£   
Balance at 1 October 2023 776,319
Provided during year 53,116
Balance at 30 September 2024 829,435

Company
Deferred
tax
£   
Balance at 1 October 2023 29,609
Provided during year 53,116
Balance at 30 September 2024 82,725

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
201 Ordinary £1 301 201

21. RESERVES

Group
Retained
earnings
£   

At 1 October 2023 3,195,359
Profit for the year 77,537
Dividends (72,000 )
At 30 September 2024 3,200,896

Company
Retained
earnings
£   

At 1 October 2023 332,683
Profit for the year 14,042
Dividends (72,000 )
At 30 September 2024 274,725


22. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

AYM GROUP LTD (REGISTERED NUMBER: 07566611)
PREVIOUSLY KNOWN AS LTC CENTRAL LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

22. RELATED PARTY DISCLOSURES - continued

Included in debtors, amounts falling due within one year, is an amount of £342,385 (2023: £62,914) owed by the director which was repaid within 9 months of the year end. The interest of £4,249 has been charged by the company in respect of this amount.

23. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Loizias by virtue of his 100% shareholding in the company.