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REGISTERED NUMBER: 03013552 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

A.E.M. Products Limited

A.E.M. Products Limited (Registered number: 03013552)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.E.M. Products Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs L Robinson
J F Robinson





REGISTERED OFFICE: Selsey House
Crown Way
Crown Park Industial Estate
Rushden
Northamptonshire
NN10 6BS





REGISTERED NUMBER: 03013552 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

A.E.M. Products Limited (Registered number: 03013552)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 573,144 658,572
573,144 658,572

CURRENT ASSETS
Stocks 542,905 417,734
Debtors 6 720,305 682,498
Cash at bank 639,250 605,473
1,902,460 1,705,705
CREDITORS
Amounts falling due within one year 7 347,294 330,357
NET CURRENT ASSETS 1,555,166 1,375,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,128,310

2,033,920

PROVISIONS FOR LIABILITIES 143,286 154,896
NET ASSETS 1,985,024 1,879,024

CAPITAL AND RESERVES
Called up share capital 344,000 344,000
Retained earnings 1,641,024 1,535,024
1,985,024 1,879,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A.E.M. Products Limited (Registered number: 03013552)

Balance Sheet - continued
31 December 2024


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.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





Mrs L Robinson - Director


A.E.M. Products Limited (Registered number: 03013552)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

A.E.M. Products 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 represents the total invoice value, excluding value added tax, of sales made during the period.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. Provision is made for any impairment. The goodwill has now been fully amortized over its estimated useful life.

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.

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 - Straight line over 10 years
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


A.E.M. Products Limited (Registered number: 03013552)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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.

Government grants
Grants that do not impose future performance-related conditions are recognised as income when the grant proceeds are received or receivable. Grants that impose future performance-related conditions are recognised as income only when the future performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

Debtors and creditors receivable / payable within one year
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 the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 20,600
AMORTISATION
At 1 January 2024
and 31 December 2024 20,600
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

A.E.M. Products Limited (Registered number: 03013552)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 67,627 1,138,774 54,092
Additions - 1,427 -
At 31 December 2024 67,627 1,140,201 54,092
DEPRECIATION
At 1 January 2024 40,578 593,748 41,975
Charge for year 6,763 54,552 3,029
At 31 December 2024 47,341 648,300 45,004
NET BOOK VALUE
At 31 December 2024 20,286 491,901 9,088
At 31 December 2023 27,049 545,026 12,117

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 25,995 58,669 1,345,157
Additions - 1,758 3,185
At 31 December 2024 25,995 60,427 1,348,342
DEPRECIATION
At 1 January 2024 6,906 3,378 686,585
Charge for year 4,773 19,496 88,613
At 31 December 2024 11,679 22,874 775,198
NET BOOK VALUE
At 31 December 2024 14,316 37,553 573,144
At 31 December 2023 19,089 55,291 658,572

A.E.M. Products Limited (Registered number: 03013552)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 322,336 232,996
Other debtors 363,048 368,175
Directors' current accounts - 11,775
Tax - 41,161
Prepayments 34,921 24,841
720,305 678,948

Amounts falling due after more than one year:
Other debtors - 3,550

Aggregate amounts 720,305 682,498

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 151,232 249,468
Corporation Tax 59,634 17,044
Social security and other taxes 25,161 27,502
Pension creditor 901 1,533
VAT 85,369 7,637
Other creditors - 186
Net wages control account 14,143 14,664
Accrued expenses 10,854 12,323
347,294 330,357

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
I D Robinson
Balance outstanding at start of year - 11,696
Amounts repaid - (11,696 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

A.E.M. Products Limited (Registered number: 03013552)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs L Robinson
Balance outstanding at start of year 11,775 -
Amounts advanced - 11,775
Amounts repaid (11,775 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,775