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Registered number: 01834599
Aimrange (North East) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Accountancy Solutions (Northern) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01834599
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,432,362 1,062,567
1,432,362 1,062,567
CURRENT ASSETS
Stocks 5 12,160 153,825
Debtors 6 500,389 704,923
Cash at bank and in hand 448,327 479,682
960,876 1,338,430
Creditors: Amounts Falling Due Within One Year 7 (940,153 ) (1,012,174 )
NET CURRENT ASSETS (LIABILITIES) 20,723 326,256
TOTAL ASSETS LESS CURRENT LIABILITIES 1,453,085 1,388,823
Creditors: Amounts Falling Due After More Than One Year 8 (492,030 ) (303,512 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (281,110 ) (261,627 )
NET ASSETS 679,945 823,684
CAPITAL AND RESERVES
Called up share capital 10 250 88
Profit and Loss Account 679,695 823,596
SHAREHOLDERS' FUNDS 679,945 823,684
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary Astley
Director
18/09/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aimrange (North East) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01834599 . The registered office is 3a Cowley Road, Blyth Riverside Business Park, Blyth, Northumberland, NE24 5TF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/A
Plant & Machinery 15% RB
Motor Vehicles 15% RB
Fixtures & Fittings 15% RB
Computer Equipment 25% RB
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2024: 38)
39 38
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 - 560,248 1,347,513 11,541
Additions 293,713 8,168 275,398 2,488
Disposals - - (76,948 ) -
As at 31 March 2025 293,713 568,416 1,545,963 14,029
Depreciation
As at 1 April 2024 - 430,068 432,495 3,186
Provided during the period - 20,278 144,849 1,373
Disposals - - (32,917 ) -
As at 31 March 2025 - 450,346 544,427 4,559
Net Book Value
As at 31 March 2025 293,713 118,070 1,001,536 9,470
As at 1 April 2024 - 130,180 915,018 8,355
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Computer Equipment Total
£ £
Cost
As at 1 April 2024 22,325 1,941,627
Additions 3,209 582,976
Disposals - (76,948 )
As at 31 March 2025 25,534 2,447,655
Depreciation
As at 1 April 2024 13,311 879,060
Provided during the period 2,650 169,150
Disposals - (32,917 )
As at 31 March 2025 15,961 1,015,293
Net Book Value
As at 31 March 2025 9,573 1,432,362
As at 1 April 2024 9,014 1,062,567
5. Stocks
2025 2024
£ £
Stock 10,162 20,052
Work in progress 1,998 133,773
12,160 153,825
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 486,568 638,446
Other debtors 13,821 66,477
500,389 704,923
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 156,020 149,996
Trade creditors 117,293 79,991
Other creditors 378,941 489,328
Taxation and social security 287,899 292,859
940,153 1,012,174
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 375,376 293,012
Other creditors 116,654 10,500
492,030 303,512
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 156,020 149,996
Later than one year and not later than five years 375,376 293,012
531,396 443,008
531,396 443,008
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 250 88
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