Aegis Computers (Maintenance) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02809761 (England and Wales)

Financial Statements for the Year Ended 31 July 2023

for

Aegis Computers (Maintenance) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

Directors:

Mr P J Stout

Mrs K J Stout

Secretary:

Mrs K J Stout

Registered office:

The Barn

2 St Johns Yard

Fyfield

Oxford

Oxfordshire

OX13 5LN

Registered number:

02809761 (England and Wales)

Accountants:

Westell Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

Fixed assets

Tangible assets

4

2,656,795

1,803,971

Current assets

Stocks

16,142

18,023

Debtors

5

742,970

677,790

Cash at bank and in hand

781,027

1,199,308

1,540,139

1,895,121

Creditors

Amounts falling due within one year

6

655,741

367,956

Net current assets

884,398

1,527,165

Total assets less current liabilities

3,541,193

3,331,136

Creditors

Amounts falling due after more than one year

7

(17,503

)

(4,809

)

Provisions for liabilities

-

(4,968

)

Net assets

3,523,690

3,321,359

Capital and reserves

Called up share capital

100

100

Retained earnings

3,523,590

3,321,259

Shareholders' funds

3,523,690

3,321,359

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 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 15 February 2024 and were signed on its behalf by:

Mr P J Stout - Director

1.	STATUTORY INFORMATION

Aegis Computers (Maintenance) 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.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 18 (2022 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2022

1,640,878

710,474

2,351,352

Additions

660,387

346,543

1,006,930

Disposals

-

(14,596

)

(14,596

)

At 31 July 2023

2,301,265

1,042,421

3,343,686

DEPRECIATION

At 1 August 2022

-

547,381

547,381

Charge for year

-

149,203

149,203

Eliminated on disposal

-

(9,693

)

(9,693

)

At 31 July 2023

-

686,891

686,891

NET BOOK VALUE

At 31 July 2023

2,301,265

355,530

2,656,795

At 31 July 2022

1,640,878

163,093

1,803,971

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

239,891

436,471

Other debtors

503,079

241,319

742,970

677,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

23,731

16,876

Trade creditors

52,998

79,197

Taxation and social security

190,425

129,439

Other creditors

388,587

142,444

655,741

367,956

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

17,503

4,809

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Westell Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

Date: .............................................