REGISTERED NUMBER: 07932543 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

AQM SPINNING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Aldham

Mr R W McCormick

REGISTERED OFFICE:

31 High View Close

Leicester

Leicestershire

LE4 9LJ

REGISTERED NUMBER:

07932543 (England and Wales)

ACCOUNTANTS:

TC Group

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Tangible assets

4

48,708

41,820

CURRENT ASSETS

Stocks

1,125

615

Debtors

5

14,515

7,044

Cash at bank

38,446

28,655

54,086

36,314

CREDITORS

Amounts falling due within one year

6

65,454

53,862

NET CURRENT LIABILITIES

(11,368

)

(17,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,340

24,272

CREDITORS

Amounts falling due after more than one year

7

(19,753

)

(11,309

)

PROVISIONS FOR LIABILITIES

(12,293

)

(10,455

)

NET ASSETS

5,294

2,508

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,194

2,408

5,294

2,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 24 September 2025 and were signed on its behalf by:

Mr R J Aldham - Director

1.	STATUTORY INFORMATION

AQM Spinning 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 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 March 2024

43,432

60,678

104,110

Additions

5,470

23,100

28,570

Disposals

(1,106

)

(25,450

)

(26,556

)

At 28 February 2025

47,796

58,328

106,124

DEPRECIATION

At 1 March 2024

30,469

31,821

62,290

Charge for year

2,049

7,171

9,220

Eliminated on disposal

(740

)

(13,354

)

(14,094

)

At 28 February 2025

31,778

25,638

57,416

NET BOOK VALUE

At 28 February 2025

16,018

32,690

48,708

At 29 February 2024

12,963

28,857

41,820

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,808

5,947

Other debtors

1,707

1,097

14,515

7,044

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,813

556

Trade creditors

8,480

1,726

Taxation and social security

30,425

27,184

Other creditors

24,736

24,396

65,454

53,862

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

19,753

11,309

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

21,566

11,865

Hire purchase is secured against the assets it relates to.

9.	RELATED PARTY DISCLOSURES

Included in other creditors are loans from the directors of £21,487 (2024: £20,055). These loans are interest free and repayable on demand.

The directors are also the partners in Almac Metal Spinning. During the year, the company had purchases totalling £12,417 from Almac Metal Spinning. At the balance date there was £nil owing to the partnership.