Aide Data Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11351003 (England and Wales)

Financial Statements for the Year Ended 31 May 2020

for

Aide Data Limited

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr B D J Mercer

Dr J D Scotton

Mr T Suleyman

REGISTERED OFFICE:

71-75 Shelton Street

London

Greater London

United Kingdom

WC2H 9JQ

REGISTERED NUMBER:

11351003 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

1,199

-

CURRENT ASSETS

Debtors

5

68,786

5,517

Cash at bank

66,823

1,679

135,609

7,196

CREDITORS

Amounts falling due within one year

6

122,120

11,305

NET CURRENT ASSETS/(LIABILITIES)

13,489

(4,109

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,688

(4,109

)

CREDITORS

Amounts falling due after more than one year

7

69,000

-

NET LIABILITIES

(54,312

)

(4,109

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Share premium

10

17,970

17,970

Retained earnings

10

(72,382

)

(22,179

)

SHAREHOLDERS' FUNDS

(54,312

)

(4,109

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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 13 May 2021 and were signed on its behalf by:

Dr J D Scotton - Director

Mr B D J Mercer - Director

1.	STATUTORY INFORMATION

Aide Data 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.

Computer equipment

-

20% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,499

At 31 May 2020

1,499

DEPRECIATION

Charge for year

300

At 31 May 2020

300

NET BOOK VALUE

At 31 May 2020

1,199

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

53,189

2,752

Directors' current accounts

15,597

35

VAT

-

2,730

68,786

5,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade creditors

18,249

7,649

Social security and other taxes

10,550

-

Pension Creditors

365

-

VAT

6,450

-

Other creditors

76,909

-

Credit Card

9,002

-

Directors' current accounts

-

2,806

Accrued expenses

595

850

122,120

11,305

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.20

31.5.19

£

£

Other loans (see note 8)

69,000

-

8.

LOANS

An analysis of the maturity of loans is given below:

31.5.20

31.5.19

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

69,000

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.20

31.5.19

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 June 2019

(22,179

)

17,970

(4,209

)

Deficit for the year

(50,203

)

(50,203

)

At 31 May 2020

(72,382

)

17,970

(54,412

)