REGISTERED NUMBER: 01538893 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

A. I. G. Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B G Rhodes

Mr S B Rhodes

REGISTERED OFFICE:

Cheadle Place

Stockport Road

Cheadle

Stockport

SK8 2JY

REGISTERED NUMBER:

01538893 (England and Wales)

ACCOUNTANTS:

Buxton Accounting LLP

Chartered Accountants

98 Middlewich Road

Northwich

Cheshire

CW9 7DA

BANKERS:

Barclays Bank plc

59 Grove Street

Wilmslow

Cheshire

SK9 1ER

FIXED ASSETS

Tangible assets

4

24,537

20,409

CURRENT ASSETS

Stocks

5

20,500

10,587

Debtors

6

370,723

490,421

391,223

501,008

CREDITORS

Amounts falling due within one year

7

261,330

307,235

NET CURRENT ASSETS

129,893

193,773

TOTAL ASSETS LESS CURRENT LIABILITIES

154,430

214,182

CREDITORS

Amounts falling due after more than one year

8

(25,674

)

(30,063

)

PROVISIONS FOR LIABILITIES

10

(4,457

)

-

NET ASSETS

124,299

184,119

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

124,199

184,019

SHAREHOLDERS' FUNDS

124,299

184,119

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 25 September 2025 and were signed on its behalf by:

Mr B G Rhodes - Director

1.	STATUTORY INFORMATION

A. I. G. Engineering 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.

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" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

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 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.

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

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 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

127,160

39,434

103,700

270,294

Additions

2,348

-

8,000

10,348

At 31 December 2024

129,508

39,434

111,700

280,642

DEPRECIATION

At 1 January 2024

115,338

38,912

95,635

249,885

Charge for year

2,126

78

4,016

6,220

At 31 December 2024

117,464

38,990

99,651

256,105

NET BOOK VALUE

At 31 December 2024

12,044

444

12,049

24,537

At 31 December 2023

11,822

522

8,065

20,409

5.

STOCKS

2024

2023

£

£

Stocks

20,500

10,587

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

77,935

142,633

Amounts owed by group undertakings

292,788

347,788

370,723

490,421

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

101,658

108,024

Hire purchase contracts

3,150

3,580

Trade creditors

64,579

101,082

Social security and other taxes

53,866

55,381

VAT

2,122

3,275

Other creditors

8,473

8,511

Accrued expenses

27,482

27,382

261,330

307,235

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

21,736

25,528

Hire purchase contracts

3,938

4,535

25,674

30,063

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

90,858

97,224

Bank loans

10,800

10,800

101,658

108,024

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,800

10,800

Amounts falling due between two and five years:

Bank loans - 2-5 years

10,936

14,728

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

4,457

-

Deferred

tax

£

Charge to Income Statement during year

4,457

Balance at 31 December 2024

4,457

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 January 2024

184,019

Deficit for the year

(59,820

)

At 31 December 2024

124,199

13.	ULTIMATE CONTROLLING PARTY

A.I.G. Engineering Limited is controlled by Rhoburt Limited, which owns 100% of the issued ordinary share capital of A.I.G. Engineering Limited..