AIM Recruitment (UK) Ltd - Accounts to registrar (filleted) - small 23.2.5

AIM Recruitment (UK) Ltd - Accounts to registrar (filleted) - small 23.2.5

AIM RECRUITMENT (UK) LTD - Company Information

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REGISTERED NUMBER: 05185874 (England and Wales)










Financial Statements for the Year Ended 31 July 2023

for

AIM Recruitment (UK) Ltd
AIM Recruitment (UK) Ltd (Registered number: 05185874)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AIM Recruitment (UK) Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A B Donaldson





REGISTERED OFFICE: 36 Valley Road
West Bridgford
Nottingham
Nottinghamshire
NG2 6HG





REGISTERED NUMBER: 05185874 (England and Wales)





ACCOUNTANTS: NRB Accountancy Limited
40 Market Place
Belper
Derbyshire
DE56 1FZ
Page 1
AIM Recruitment (UK) Ltd (Registered number: 05185874)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 615 626
Investments 5 1,685,000 1,393,943
Investment property 6 850,000 850,000
2,535,615 2,244,569

CURRENT ASSETS
Debtors 7 196,377 323,992
Cash at bank 756,547 579,949
952,924 903,941
CREDITORS
Amounts falling due within one year 8 107,502 85,006
NET CURRENT ASSETS 845,422 818,935
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,381,037
3,063,504

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,380,937 3,063,404
SHAREHOLDERS' FUNDS 3,381,037 3,063,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 April 2024 and were signed by:




A B Donaldson - Director


The notes form part of these financial statements

Page 2
AIM Recruitment (UK) Ltd (Registered number: 05185874)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

AIM Recruitment (UK) Ltd 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 2 (2022 - 2 ) .

Page 3 continued...
AIM Recruitment (UK) Ltd (Registered number: 05185874)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 45,416
Additions 193
At 31 July 2023 45,609
DEPRECIATION
At 1 August 2022 44,790
Charge for year 204
At 31 July 2023 44,994
NET BOOK VALUE
At 31 July 2023 615
At 31 July 2022 626

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 August 2022 1,393,943
Additions 74,299
Revaluations 216,758
At 31 July 2023 1,685,000
NET BOOK VALUE
At 31 July 2023 1,685,000
At 31 July 2022 1,393,943

Cost or valuation at 31 July 2023 is represented by:

Other
investments
£   
Valuation in 2023 1,685,000

Page 4 continued...
AIM Recruitment (UK) Ltd (Registered number: 05185874)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 850,000
NET BOOK VALUE
At 31 July 2023 850,000
At 31 July 2022 850,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 850,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 194,511 241,242
Other debtors 1,866 82,750
196,377 323,992

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 53,807 30,931
Taxation and social security 42,843 47,992
Other creditors 10,852 6,083
107,502 85,006

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr A Donaldson, introduced funds to and withdrew funds from the company by way of a director's loan account. This loan is interest free and repayable upon demand. At the year end the company owed the director £4,202 and this amount is included in creditors (2022: the director owed the company £82,750 and this amount is included in debtors).

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