Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Alexander William Adam 21/10/2024 Anne Ferguson Adam 21/10/2024 04/01/2010 Lynne Victoria Hadden 02/12/2023 10/07/2013 07 July 2025 The principal activity of the Company during the financial year was that of factoring and landscaping maintenance. SC211965 2024-10-31 SC211965 bus:Director1 2024-10-31 SC211965 bus:Director2 2024-10-31 SC211965 bus:Director3 2024-10-31 SC211965 2023-10-31 SC211965 core:CurrentFinancialInstruments 2024-10-31 SC211965 core:CurrentFinancialInstruments 2023-10-31 SC211965 core:Non-currentFinancialInstruments 2024-10-31 SC211965 core:Non-currentFinancialInstruments 2023-10-31 SC211965 core:ShareCapital 2024-10-31 SC211965 core:ShareCapital 2023-10-31 SC211965 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC211965 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC211965 core:OtherPropertyPlantEquipment 2023-10-31 SC211965 core:OtherPropertyPlantEquipment 2024-10-31 SC211965 bus:OrdinaryShareClass1 2024-10-31 SC211965 2023-11-01 2024-10-31 SC211965 bus:FilletedAccounts 2023-11-01 2024-10-31 SC211965 bus:SmallEntities 2023-11-01 2024-10-31 SC211965 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC211965 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC211965 bus:Director1 2023-11-01 2024-10-31 SC211965 bus:Director2 2023-11-01 2024-10-31 SC211965 bus:Director3 2023-11-01 2024-10-31 SC211965 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-11-01 2024-10-31 SC211965 2022-11-01 2023-10-31 SC211965 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 SC211965 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 SC211965 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC211965 (Scotland)

AIGEN CAPITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

AIGEN CAPITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

Contents

AIGEN CAPITAL LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2024
AIGEN CAPITAL LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 117,806
0 117,806
Current assets
Debtors 4 24,177 355,594
Cash at bank and in hand 352,644 189,497
376,821 545,091
Creditors: amounts falling due within one year 5 ( 27,991) ( 200,381)
Net current assets 348,830 344,710
Total assets less current liabilities 348,830 462,516
Creditors: amounts falling due after more than one year 6 0 ( 36,020)
Provision for liabilities 7 0 ( 22,150)
Net assets 348,830 404,346
Capital and reserves
Called-up share capital 8 1,000 1,000
Profit and loss account 347,830 403,346
Total shareholder's funds 348,830 404,346

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Aigen Capital Limited (registered number: SC211965) were approved and authorised for issue by the Director on 07 July 2025. They were signed on its behalf by:

Alexander William Adam
Director
AIGEN CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
AIGEN CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aigen Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Alexander Fleming House, 8 Southfield Drive, Elgin, IV30 6GR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements, taking into account the partial disposal of the factoring part of the business. The director has a reasonable expectation that the Company, despite this disposal, has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 8 16

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 285,804 285,804
Disposals ( 285,804) ( 285,804)
At 31 October 2024 0 0
Accumulated depreciation
At 01 November 2023 167,998 167,998
Charge for the financial year 11,418 11,418
Disposals ( 179,416) ( 179,416)
At 31 October 2024 0 0
Net book value
At 31 October 2024 0 0
At 31 October 2023 117,806 117,806

4. Debtors

2024 2023
£ £
Trade debtors 14 282,256
Other debtors 24,163 73,338
24,177 355,594

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 287 46,770
Taxation and social security 19,311 48,218
Obligations under finance leases and hire purchase contracts 0 23,159
Other creditors 8,393 82,234
27,991 200,381

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 0 36,020

7. Provision for liabilities

2024 2023
£ £
Deferred tax 0 22,150

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary fully-paid shares of £ 1.00 each 1,000 1,000