AAE Consultancy Limited - Period Ending 2016-03-31

AAE Consultancy Limited

Unaudited Abbreviated Accounts

for the year ended 31 March 2016

ReesRussell LLP
Chartered Accountants
37 Market Square
Witney
Oxfordshire
OX28 6RE

AAE Consultancy Limited
(Registration number: 07169335)
Unaudited financial statements
Abbreviated balance sheet as at 31 March 2016

		Note		2016				2015
	£		£		£		£
Fixed assets
Tangible fixed assets						1,384			1,823
Current assets
Debtors				10,324				6,593
Cash at bank and in hand				8,566				11,462
				18,890				18,055
Creditors: Amounts falling due within one year				(8,503)				(8,474)
Net current assets						10,387			9,581
Net assets						11,771			11,404
Capital and reserves
Called up share capital		3		1				1
Profit and loss account				11,770				11,403
Shareholders' funds						11,771			11,404

For the year ending 31 March 2016 the company was entitled to exemption 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 1 August 2016

Anita Alexis Weir
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

AAE Consultancy Limited
Unaudited financial statements
Notes to the abbreviated accounts for the year ended 31 March 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents the total value of invoices raised in the year, together with the value of any work done where a right to consideration arises, net of value added tax.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 3 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Buildings	Over 10 years
Fixtures and fittings	25% straight line
Office equipment	25% straight line

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

AAE Consultancy Limited
Unaudited financial statements
Notes to the abbreviated accounts for the year ended 31 March 2016

2	Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 April 2015	20,000	4,043	24,043
At 31 March 2016	20,000	4,043	24,043
Depreciation
At 1 April 2015	20,000	2,220	22,220
Charge for the year	-	439	439
At 31 March 2016	20,000	2,659	22,659
Net book value
At 31 March 2016	-	1,384	1,384
At 31 March 2015	-	1,823	1,823

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		1	1		1	1

Page 3