Company Registration No. 03239955 (England and Wales)
Aitken2 Ltd
Unaudited accounts
for the year ended 31 December 2022
Aitken2 Ltd
Unaudited accounts
Contents
Aitken2 Ltd
Company Information
for the year ended 31 December 2022
Company Number
03239955 (England and Wales)
Registered Office
18, High Street
High Street
North Ferriby
East Riding of Yorkshire
HU14 3JP
United Kingdom
Aitken2 Ltd
Statement of financial position
as at
31 December 2022
Tangible assets
36,726
4,940
Cash at bank and in hand
241,978
639,712
Creditors: amounts falling due within one year
(31,879)
(63,776)
Net current assets
261,874
672,942
Total assets less current liabilities
298,600
677,882
Provisions for liabilities
Deferred tax
(6,978)
(939)
Net assets
291,622
676,943
Called up share capital
150
300
Capital redemption reserve
150
-
Profit and loss account
291,322
676,643
Shareholders' funds
291,622
676,943
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 March 2023 and were signed on its behalf by
Mr Simon Aitken
Director
Company Registration No. 03239955
Aitken2 Ltd
Notes to the Accounts
for the year ended 31 December 2022
Aitken2 Ltd is a private company, limited by shares, registered in England and Wales, registration number 03239955. The registered office is 18, High Street, High Street, North Ferriby, East Riding of Yorkshire, HU14 3JP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Aitken2 Ltd
Notes to the Accounts
for the year ended 31 December 2022
4
Intangible fixed assets
Goodwill
At 31 December 2022
7,600
At 31 December 2022
7,600
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
-
728
10,434
11,162
Additions
38,309
-
1,538
39,847
Disposals
-
(728)
(6,426)
(7,154)
At 31 December 2022
38,309
-
5,546
43,855
At 1 January 2022
-
517
5,705
6,222
Charge for the year
3,991
53
2,347
6,391
On disposals
-
(570)
(4,914)
(5,484)
At 31 December 2022
3,991
-
3,138
7,129
At 31 December 2022
34,318
-
2,408
36,726
At 31 December 2021
-
211
4,729
4,940
Amounts falling due within one year
Trade debtors
45,366
83,514
Accrued income and prepayments
6,409
12,303
Aitken2 Ltd
Notes to the Accounts
for the year ended 31 December 2022
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
538
3,741
Taxes and social security
11,664
80,369
Loans from directors
25
(37,472)
8
Share capital
2022
2021
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
300
9
Transactions with related parties
During the year, total dividends of £100,000 (2021 - £100,000) were paid to the shareholders.
10
Average number of employees
During the year the average number of employees was 3 (2021: 4).