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Registration number: 06271710

AAC98 Limited

trading as AAC98 Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

SeaMount Business Services Ltd
Pine Suite, Room R1
Mamhilad House
Mamhilad Park Estate
Pontypool
Torfaen
NP4 0HZ

 

AAC98 Limited
trading as AAC98 Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
AAC98 Limited
trading as AAC98 Ltd
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AAC98 Limited for the year ended 30 June 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of AAC98 Limited, as a body, in accordance with the terms of our engagement letterdated 3 March 2016. Our work has been undertaken solely to prepare for your approval the accounts of AAC98 Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AAC98 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AAC98 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of AAC98 Limited. You consider that AAC98 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AAC98 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

SeaMount Business Services Ltd
Pine Suite, Room R1
Mamhilad House
Mamhilad Park Estate
Pontypool
Torfaen
NP4 0HZ

30 March 2017

 

AAC98 Limited
trading as AAC98 Ltd
(Registration number: 06271710)
Abbreviated Balance Sheet at 30 June 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

633

   

1,227

 

Current assets

 

             

Debtors

 

   

641

   

1,601

 

Cash at bank and in hand

 

   

10,407

   

4,982

 
   

   

11,048

   

6,583

 

Creditors: Amounts falling due within one year

 

   

(16,542)

   

(8,687)

 

Net current liabilities

 

   

(5,494)

   

(2,104)

 

Total assets less current liabilities

 

   

(4,861)

   

(877)

 

Creditors: Amounts falling due after more than one year

 

   

-

   

(1,999)

 

Net liabilities

 

   

(4,861)

   

(2,876)

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

(4,961)

   

(2,976)

 

Shareholders' deficit

 

   

(4,861)

   

(2,876)

 

For the year ending 30 June 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 directors acknowledge their 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 Board on 30 March 2017 and signed on its behalf by:

.........................................
Mr Ian Croft
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

AAC98 Limited
trading as AAC98 Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers

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

Plant and machinery

25% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 July 2015

 

8,451

   

8,451

 

At 30 June 2016

 

8,451

   

8,451

 

Depreciation

           

At 1 July 2015

 

7,224

   

7,224

 

Charge for the year

 

594

   

594

 

At 30 June 2016

 

7,818

   

7,818

 

Net book value

           

At 30 June 2016

 

633

   

633

 

At 30 June 2015

 

1,227

   

1,227

 
 

AAC98 Limited
trading as AAC98 Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100