ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31No description of principal activity22021-03-17truefalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13273453 2021-03-16 13273453 2021-03-17 2022-03-31 13273453 2020-04-01 2021-03-16 13273453 2022-03-31 13273453 c:Director1 2021-03-17 2022-03-31 13273453 d:OfficeEquipment 2021-03-17 2022-03-31 13273453 d:OfficeEquipment 2022-03-31 13273453 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-03-17 2022-03-31 13273453 d:CurrentFinancialInstruments 2022-03-31 13273453 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13273453 d:ShareCapital 2022-03-31 13273453 d:RetainedEarningsAccumulatedLosses 2022-03-31 13273453 c:FRS102 2021-03-17 2022-03-31 13273453 c:AuditExempt-NoAccountantsReport 2021-03-17 2022-03-31 13273453 c:FullAccounts 2021-03-17 2022-03-31 13273453 c:PrivateLimitedCompanyLtd 2021-03-17 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 13273453

AIPAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2022

AIPAL LIMITED

REGISTERED NUMBER: 13273453

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2022

		2022
Note		£

Fixed assets
Tangible assets	4		1,091
			1,091
Current assets
Debtors: amounts falling due within one year	5	59
Cash at bank and in hand		2,232
		2,291
Creditors: amounts falling due within one year	6	(31,367)
Net current (liabilities)/assets			(29,076)
Total assets less current liabilities			(27,985)

Net (liabilities)/assets			(27,985)

Capital and reserves
Called up share capital			100
Profit and loss account			(28,085)
			(27,985)

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AIPAL LIMITED

REGISTERED NUMBER: 13273453

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2022

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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income statement 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:

................................................

Mala Fairburn

Director

Date: 15 December 2022

The notes on pages 3 to 5 form part of these financial statements.

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AIPAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

1.	General information

Aipal Limited is a private company limited by shares and incorporated in England and Wales, registration number 13273453. The registered office is Unit 1 Claydon Business Park, Great Blakenham, Ipswich, England, IP6 0NL.
Aipal Limited was incorporated on 17 March 2021 and commenced trading on 17 March 2021.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

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AIPAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

2.Accounting policies (continued)

2.4

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:

Office equipment

33%

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.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.	Employees
	The average monthly number of employees, including the directors, during the period was 2.

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AIPAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	1,631
	At 31 March 2022	1,631
	Depreciation
	Charge for the period on owned assets	540
	At 31 March 2022	540
	Net book value
	At 31 March 2022	1,091

Debtors

					2022
					£


	Other debtors	59
		59

6.	Creditors: Amounts falling due within one year
		2022
		£

	Other creditors	30,367
	Accruals and deferred income	1,000
		31,367

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