A.I.S.N LIMITED - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05227800 (England and Wales)

Financial Statements for the Year Ended 31 March 2022

for

A.I.S.N LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

M T Anpan

M T Inpan

REGISTERED OFFICE:

Suite 101 Stanmore Business & Innovation

Howard road

Stanmore

Middlesex

HA7 1BT

REGISTERED NUMBER:

05227800 (England and Wales)

ACCOUNTANTS:

BBK Partnership

incorporating Winston Fox Nur & Co

2A Ashfield Parade

Crown House

Southgate

London

N14 5EJ

FIXED ASSETS

Tangible assets

4

2,946

2,955

CURRENT ASSETS

Debtors

5

1,865,297

2,240,395

Cash at bank

428,005

108,949

2,293,302

2,349,344

CREDITORS

Amounts falling due within one year

6

(408,758

)

(356,444

)

NET CURRENT ASSETS

1,884,544

1,992,900

TOTAL ASSETS LESS CURRENT LIABILITIES

1,887,490

1,995,855

CREDITORS

Amounts falling due after more than one year

7

(1,635,547

)

(1,790,545

)

NET ASSETS

251,943

205,310

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

251,843

205,210

SHAREHOLDERS' FUNDS

251,943

205,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 10 December 2022 and were signed on its behalf by:

M T Inpan - Director

1.	STATUTORY INFORMATION

A.I.S.N 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.

Fixtures and fittings

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2021

14,710

5,143

19,853

Additions

-

727

727

At 31 March 2022

14,710

5,870

20,580

DEPRECIATION

At 1 April 2021

13,188

3,710

16,898

Charge for year

304

432

736

At 31 March 2022

13,492

4,142

17,634

NET BOOK VALUE

At 31 March 2022

1,218

1,728

2,946

At 31 March 2021

1,522

1,433

2,955

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

1,862,553

2,237,651

Current Asset

2,744

2,744

1,865,297

2,240,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other loans (see note 8)

286,341

295,000

Trade creditors & Accruals

6,805

3,000

Corporation Tax

10,941

8,192

Social security and other taxes

-

1,351

Directors' current accounts

62,069

30,397

Accrued expenses

42,602

18,504

408,758

356,444

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Other loans (see note 8)

1,635,547

1,790,545

31.3.22

31.3.21

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

1,635,547

1,790,545

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.22

31.3.21

£

£

Amounts falling due within one year or on demand:

Other Loans-1-5 years

245,000

245,000

Bounce Back Loan

41,341

50,000

286,341

295,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

1,635,547

1,790,545

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2021

205,210

Profit for the year

46,633

At 31 March 2022

251,843