REGISTERED NUMBER: 05120399 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

A A Lasers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A P Jackson

REGISTERED OFFICE:

Bethesda

New Street

Aby

Alford

Lincolnshire

LN13 0DH

REGISTERED NUMBER:

05120399 (England and Wales)

ACCOUNTANTS:

Prestige Accounting Limited T/A Simon Moss & Co

The Finance Centre

34a Southgate

Sleaford

Lincolnshire

NG34 7RY

FIXED ASSETS

Tangible assets

4

15,844

25,248

CURRENT ASSETS

Stocks

8,184

2,775

Debtors

5

81,291

41,434

Cash at bank

9,030

26,480

98,505

70,689

CREDITORS

Amounts falling due within one year

6

41,827

26,806

NET CURRENT ASSETS

56,678

43,883

TOTAL ASSETS LESS CURRENT LIABILITIES

72,522

69,131

CREDITORS

Amounts falling due after more than one year

7

(4,927

)

(10,477

)

PROVISIONS FOR LIABILITIES

(2,630

)

(4,561

)

NET ASSETS

64,965

54,093

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

64,865

53,993

SHAREHOLDERS' FUNDS

64,965

54,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 February 2018 and were signed by:

Mr A P Jackson - Director

1.	STATUTORY INFORMATION

A A Lasers 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of

the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2016

42,476

35,495

77,971

Additions

678

-

678

At 31 May 2017

43,154

35,495

78,649

DEPRECIATION

At 1 June 2016

38,352

14,371

52,723

Charge for year

1,208

8,874

10,082

At 31 May 2017

39,560

23,245

62,805

NET BOOK VALUE

At 31 May 2017

3,594

12,250

15,844

At 31 May 2016

4,124

21,124

25,248

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2016

and 31 May 2017

35,495

DEPRECIATION

At 1 June 2016

14,371

Charge for year

8,874

At 31 May 2017

23,245

NET BOOK VALUE

At 31 May 2017

12,250

At 31 May 2016

21,124

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

55,744

24,657

Other debtors

25,547

16,777

81,291

41,434

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Hire purchase contracts

5,550

6,169

Trade creditors

12,314

2,837

Taxation and social security

21,675

14,775

Other creditors

2,288

3,025

41,827

26,806

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.17

31.5.16

£

£

Hire purchase contracts

4,927

10,477

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2017 and 31 May 2016:

31.5.17

31.5.16

£

£

Mr A P Jackson

Balance outstanding at start of year

13,403

13,255

Amounts advanced

263

148

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,666

13,403

9.	FIRST YEAR ADOPTION

These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS

102 Section 1A for small entities. The transition to FRS 102 Section 1A for small entities has not resulted in any

changes to accounting policies or shareholder's funds at the transition date of 1 June 2015.