Company Registration No. 04837277 (England and Wales)
AARON WEBSTER LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
AARON WEBSTER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
AARON WEBSTER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
350,571
386,699
Current assets
Stocks
1,118,861
1,263,452
Debtors
60,747
355,658
Cash at bank and in hand
134
120
1,179,742
1,619,230
Creditors: amounts falling due within one year
3
(979,387)
(1,168,818)
Net current assets
200,355
450,412
Total assets less current liabilities
550,926
837,111
Creditors: amounts falling due after more than one year
4
(475,048)
(463,562)
Accruals and deferred income
(60,540)
(63,903)
15,338
309,646
Capital and reserves
Called up share capital
5
2
2
Profit and loss account
15,336
309,644
Shareholders' funds
15,338
309,646
AARON WEBSTER LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2016
31 January 2016
- 2 -
For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 March 2016
Mr A Webster
Director
Company Registration No. 04837277
AARON WEBSTER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
5% straight line
Plant and machinery
25% on reducing balance
Computer equipment
25% straight line
Fixtures, fittings & equipment
25% reducing balance
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
AARON WEBSTER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 February 2015
2,000
426,101
428,101
Additions
-
25,000
25,000
Disposals
-
(38,500)
(38,500)
At 31 January 2016
2,000
412,601
414,601
Depreciation
At 1 February 2015
2,000
39,402
41,402
On disposals
-
(9,625)
(9,625)
Charge for the year
-
32,253
32,253
At 31 January 2016
2,000
62,030
64,030
Net book value
At 31 January 2016
-
350,571
350,571
At 31 January 2015
-
386,699
386,699
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £1,215,207 (2015 - £1,290,262).
4
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
179,481
191,831
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2