ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Company registration number: 13230733

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 28 FEBRUARY 2025

	AERAMINE LIMITED


AERAMINE LIMITED

COMPANY INFORMATION

Directors	R S K Lam
	A Lapis


Registered number	13230733


Registered office	Unit 11 Glenmore Business Park
	Stanley Road
	Bedford
	MK42 0XY


Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


AERAMINE LIMITED REGISTERED NUMBER:13230733

STATEMENT OF FINANCIAL POSITION

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		71,997		84,517
			71,997		84,517
Current assets
Debtors: amounts falling due within one year	5	128,234		22,959
Cash at bank and in hand		8,689		14,368
		136,923		37,327
Creditors: amounts falling due within one year	6	(118,004)		(133,622)
Net current assets/(liabilities)			18,919		(96,295)
Total assets less current liabilities			90,916		(11,778)
Creditors: amounts falling due after more than one year	7		(236,704)		(236,704)

Net liabilities			(145,788)		(248,482)

Capital and reserves
Called up share capital	2	2
Share premium account	196,000	-
Profit and loss account	(341,790)	(248,484)
	(145,788)	(248,482)

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AERAMINE LIMITED REGISTERED NUMBER:13230733

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R S K Lam

Director

Date: 7 October 2025

The notes on pages 3 to 8 form part of these financial statements.

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AERAMINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Aeramine Limited is a private company, limited by shares, registered in England & Wales, company registration number is 13230733. The registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

As at the year end the company had net liabilities of £145,788 (2024: £248,482). The directors have confirmed that they will continue to provide financial support so that the company will be able to meet its liabilities as they fall due.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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AERAMINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	50%	Straight line
Leasehold improvement	-	10%	Straight line
Office equipment	-	50%	Straight line
Computer equipment	-	50%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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AERAMINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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AERAMINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

4.	Tangible fixed assets

	Plant and machinery	Leasehold improvement	Office equipment	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 March 2024	56,274	23,913	1,483	6,926	88,596
Additions	24,653	3,436	431	3,439	31,959
At 28 February 2025	80,927	27,349	1,914	10,365	120,555
Depreciation
At 1 March 2024	2,630	366	213	870	4,079
Charge for the year on owned assets	36,425	2,637	834	4,583	44,479
At 28 February 2025	39,055	3,003	1,047	5,453	48,558
Net book value
At 28 February 2025	41,872	24,346	867	4,912	71,997
At 29 February 2024	53,644	23,547	1,270	6,056	84,517

Debtors

					28 February	29 February
					2025	2024
					£	£


Other debtors	106,406	19,241
Prepayments and accrued income	21,828	3,718
	128,234	22,959

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AERAMINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Other loans	81,000	90,000
Trade creditors	3,292	14,264
Other taxation and social security	11,008	7,357
Other creditors	17,271	18,109
Accruals and deferred income	5,433	3,892
	118,004	133,622

The loan is secured over floating charge of the company.
Included in the above are secured creditors in the amount of £81,000 (2024: £90,000). The loan from Vendula London Limited is secured via floating charge over the assets of the company.

Other loans	236,704	236,704
	236,704	236,704

Included in the above are secured creditors in the amount of £236,704 (2024: £236,704). The loan from Vendula London Limited is secured via floating charge over the assets of the company.

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AERAMINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Amounts falling due within one year
Other loans	81,000	90,000
	81,000	90,000
Amounts falling after one year
Other loans	236,704	236,704
	236,704	236,704


	317,704	326,704

Not later than 1 year	16,950	16,950
Later than 1 year and not later than 5 years	12,053	29,098
	29,003	46,048

10.	Transactions with directors

Within other creditors there is a balance owed to a director of the company, amounting to £2,739 (2024: due from a director £3,182).
Amounts advanced during the year totalled £1,245 (2024: £8,643).

Amounts repaid during the year totalled of £7,166 (2024: £5,461).
Interest arising on the balance totalled £Nil (2024: £Nil).

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