AIA (Cambridge) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05645586 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

AIA (Cambridge) Ltd

Page

Statement of financial position

1

to

2

Notes to the financial statements

3

to

7

Fixed assets

Intangible assets

5

-

Tangible assets

6

174,973

174,732

174,973

174,732

Current assets

Debtors

7

73,438

76,989

Cash at bank and in hand

114,718

92,522

188,156

169,511

Creditors

Amounts falling due within one year

8

113,820

140,726

Net current assets

74,336

28,785

Total assets less current liabilities

249,309

203,517

Creditors

Amounts falling due after more than one
year

9

-

(65,028

)

Provisions for liabilities

(1,271

)

-

Net assets

248,038

138,489

Capital and reserves

Called up share capital

12

200

Retained earnings

247,838

138,289

Shareholders' funds

248,038

138,489

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.

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 5 September 2025 and were signed on its behalf by:

A H Rule - Director

1.	Statutory information

AIA (Cambridge) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05645586

Registered office:

44 Chesterton Road

Cambridge

CB4 1EN

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Computer & office equipmt

-

33% on reducing balance and 15% on reducing balance

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible asset includes directly attributable incremental costs incurred in their acquisition and installation.

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 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.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4.	Employees and directors

The average number of employees during the year was 19 (2023 - 24 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

78,750

Amortisation

At 1 January 2024

and 31 December 2024

78,750

Net book value

At 31 December 2024

-

At 31 December 2023

-

6.	Tangible fixed assets

Computer

Long

& office

leasehold

equipmt

Totals

£

Cost

At 1 January 2024

169,890

19,777

189,667

Additions

-

1,167

At 31 December 2024

169,890

20,944

190,834

Depreciation

At 1 January 2024

-

14,935

Charge for year

-

926

At 31 December 2024

-

15,861

Net book value

At 31 December 2024

169,890

5,083

174,973

At 31 December 2023

169,890

4,842

174,732

7.

Debtors: amounts falling due within one year

2024

2023

£

Amounts owed by participating interests

13,125

12,162

Accrued income

60,313

64,827

73,438

76,989

8.

Creditors: amounts falling due within one year

2024

2023

£

Bank loans and overdrafts (see note 10)

1,932

9,921

Corporation tax

52,745

51,493

Social security and other taxes

5,820

8,262

Other creditors - Staff Bonus

3,208

6,297

Wages & salaries control

(1,848

)

-

Pension Creditor

2,205

2,218

Directors' loan accounts

39,475

57,202

Accrued expenses

10,283

5,333

113,820

140,726

9.

Creditors: amounts falling due after more than one year

2024

2023

£

Bank loans (see note 10)

-

65,028

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

25,345

10.

Loans

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,932

-

Bank loans

-

9,921

1,932

9,921

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

39,683

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

25,345

11.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

Bank loans

-

74,949

Bank loan repayable by instalments of £NIL (2023 - £74,949) is secured on the director's private assets.

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

25

Ordinary A

£1

25

Ordinary B

£1

25

Ordinary C

£1

25

Ordinary D

£1

25

Ordinary E

£1

25

Ordinary F

£1

25

Ordinary G

£1

25

Ordinary H

£1

25

200

13.	Capital commitments

2024

2023

£

Contracted but not provided for in the

financial statements

156,594

160,346

The commitment figure is in respect of property lease obligation, hosted telecoms and employment service agreement.