AEC Engineering Limited Company accounts

COMPANY REGISTRATION NUMBER: 07563005

AEC Engineering Limited

Unaudited Financial Statements

31 March 2025

AEC Engineering Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Directors' report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	5

The following pages do not form part of the financial statements

Chartered accountants and business advisers report to the board of directors on the preparation of the unaudited statutory financial statements	11

AEC Engineering Limited

Directors' Report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Directors

The directors who served the company during the year were as follows:

Mr P R Salmon
Mrs A Salmon

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 16 December 2025 and signed on behalf of the board by:

Mr P R Salmon

Director

Registered office:

13 Penymaes Avenue

Wrexham

LL12 7AP

AEC Engineering Limited

Statement of Income and Retained Earnings

Year ended 31 March 2025

	2025	2024
Note	£	£
Turnover	64,051	35,092

Cost of sales	41,652	38,097
	--------	--------
Gross profit/(loss)	22,399	( 3,005)

Administrative expenses	41,708	43,878
Other operating income	–	22,016
	--------	--------
Operating loss	( 19,309)	( 24,867)

Interest payable and similar expenses		502	382
		--------	--------
Loss before taxation	5	( 19,811)	( 25,249)

Tax on loss	( 3,197)	( 8,982)
	--------	--------
Loss for the financial year and total comprehensive income	( 16,614)	( 16,267)
	--------	--------

Retained losses at the start of the year	( 110,872)	( 94,605)
	---------	---------
Retained losses at the end of the year	( 127,486)	( 110,872)
	---------	---------

All the activities of the company are from continuing operations.

AEC Engineering Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	7	17,018	21,201

Current assets

Stocks		11,020	10,936
Debtors	8	7,255	8,403
Cash at bank and in hand		–	968
		--------	--------
		18,275	20,307

Creditors: amounts falling due within one year	9	182,828	167,028
		---------	---------
Net current liabilities		164,553	146,721
		---------	---------
Total assets less current liabilities		( 147,535)	( 125,520)

Creditors: amounts falling due after more than one year	10	9,189	11,394

Provisions	( 29,338)	( 26,142)
	---------	---------
Net liabilities	( 127,386)	( 110,772)
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 127,486)	( 110,872)
	---------	---------
Shareholders deficit	( 127,386)	( 110,772)
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

AEC Engineering Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mr P R Salmon	Mrs A Salmon
Director	Director

Company registration number: 07563005

AEC Engineering Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Penymaes Avenue, Wrexham, LL12 7AP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors consider it appropriate to prepare the accounts on a going concern basis due to their continued support and the steps taken to stabilise the business.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	Straight line over 10 years
Plant and machinery	-	15% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	4,983	5,390
	-------	-------

6. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	109,996
	---------
Amortisation
At 1 April 2024 and 31 March 2025	109,996
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

7. Tangible assets

	Long leasehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2024	29,619	69,800	99,419
Additions	–	800	800
	--------	--------	---------
At 31 March 2025	29,619	70,600	100,219
	--------	--------	---------
Depreciation
At 1 April 2024	15,703	62,515	78,218
Charge for the year	2,962	2,021	4,983
	--------	--------	---------
At 31 March 2025	18,665	64,536	83,201
	--------	--------	---------
Carrying amount
At 31 March 2025	10,954	6,064	17,018
	--------	--------	---------
At 31 March 2024	13,916	7,285	21,201
	--------	--------	---------

8. Debtors

	2025	2024
	£	£
Trade debtors	7,062	8,403
Other debtors	193	–
	-------	-------
	7,255	8,403
	-------	-------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	11,037	2,207
Trade creditors	1,587	2,763
Social security and other taxes	2,661	6,166
Other creditors	167,543	155,892
	---------	---------
	182,828	167,028
	---------	---------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	9,189	11,394
	-------	--------

11. Directors' advances, credits and guarantees

The directors operated a loan account with the company in the period. The opening balance of the loan account was £154,332 in credit (2024 £155,238) and the closing balance was £165,860 in credit (2024 £154,332). The loan is interest free, and repayable upon demand.

12. Related party transactions

No further transactions with related parties were entered into in the year that require disclosure.

AEC Engineering Limited

Management Information

Year ended 31 March 2025

The following pages do not form part of the financial statements.

AEC Engineering Limited

Chartered Accountants and Business Advisers Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of AEC Engineering Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AEC Engineering Limited for the year ended 31 March 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of AEC Engineering Limited, as a body, in accordance with the terms of our engagement letter dated 8 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of AEC Engineering Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AEC Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AEC Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of AEC Engineering Limited. You consider that AEC Engineering Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of AEC Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BRUCE ROBERTS & CO LIMITED Chartered Accountants and Business Advisers

Unit 10, Edison Court Ellice Way Wrexham Technology Park Wrexham LL13 7YT

16 December 2025