REGISTERED NUMBER: 11787482 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

AERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Heffernan

M S Thomas

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

11787482 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

52,427

13,047

Tangible assets

5

100,165

117,151

Investments

6

1

1

152,593

130,199

CURRENT ASSETS

Stocks

616,250

520,625

Debtors

7

757,504

511,476

Cash at bank

116,543

67,125

1,490,297

1,099,226

CREDITORS

Amounts falling due within one year

8

1,040,237

724,556

NET CURRENT ASSETS

450,060

374,670

TOTAL ASSETS LESS CURRENT LIABILITIES

602,653

504,869

CREDITORS

Amounts falling due after more than one year

9

(206,953

)

(116,506

)

PROVISIONS FOR LIABILITIES

12

(24,394

)

(24,123

)

NET ASSETS

371,306

364,240

CAPITAL AND RESERVES

Called up share capital

13

200

200

Share premium

149,970

149,970

Retained earnings

221,136

214,070

SHAREHOLDERS' FUNDS

371,306

364,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 31 October 2025 and were signed on its behalf by:

D J Heffernan - Director

1.	STATUTORY INFORMATION

Aery 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.

Changes in accounting policies

The depreciation relating to Plant & Machinery and Fixed Assets is now calculated on a 25% reducing balance basis instead of on cost.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 25 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

20,877

Additions

51,488

At 31 January 2025

72,365

AMORTISATION

At 1 February 2024

7,830

Charge for year

12,108

At 31 January 2025

19,938

NET BOOK VALUE

At 31 January 2025

52,427

At 31 January 2024

13,047

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

148,385

11,018

21,343

180,746

Additions

4,751

9,258

3,735

17,744

At 31 January 2025

153,136

20,276

25,078

198,490

DEPRECIATION

At 1 February 2024

43,973

3,750

15,872

63,595

Charge for year

27,291

4,131

3,308

34,730

At 31 January 2025

71,264

7,881

19,180

98,325

NET BOOK VALUE

At 31 January 2025

81,872

12,395

5,898

100,165

At 31 January 2024

104,412

7,268

5,471

117,151

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

£

COST

At 1 February 2024

and 31 January 2025

59,120

DEPRECIATION

At 1 February 2024

17,714

Charge for year

10,351

At 31 January 2025

28,065

NET BOOK VALUE

At 31 January 2025

31,055

At 31 January 2024

41,406

6.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 February 2024

and 31 January 2025

1

NET BOOK VALUE

At 31 January 2025

1

At 31 January 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

328,113

195,280

Other debtors

429,391

316,196

757,504

511,476

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

42,020

9,720

Trade creditors

213,553

211,131

Taxation and social security

299,093

241,800

Other creditors

485,571

261,905

1,040,237

724,556

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

193,800

92,820

Other creditors

13,153

23,686

206,953

116,506

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.25

31.1.24

£

£

Within one year

60,198

54,373

Between one and five years

7,072

53,842

In more than five years

1,801

-

69,071

108,215

11.	SECURED DEBTS

HSBC Invoice Finance (UK) and HSBC UK Bank PLC held fixed and floating charges over the company during the period. The floating charges cover all the property or undertaking of the company. HSBC UK Bank PLC also holds a negative pledge against the company.

12.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

Accelerated capital allowances

24,394

24,123

Deferred

tax

£

Balance at 1 February 2024

24,123

Accelerated capital allowances

271

Balance at 31 January 2025

24,394

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary A

£1

100

100

70

Ordinary B

£1

70

70

30

Ordinary C

£1

30

30

200

200

14.	RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet date, included within other creditors is £32,569 (2024: £90,213) owed to the directors.

The company wholly owns Osmology LLC which is a US based subsidiary and maintains a loan account of £396,546 (2024: £247,091) at balance sheet date which is owed to the company.

15.	ULTIMATE CONTROLLING PARTY

There is no controlling party.