Registered Number 06325773


Abbreviated Accounts

30 September 2015

AAA INFLATABLES LIMITED Registered Number 06325773

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 158,062 146,687
158,062 146,687
Current assets
Stocks 153,363 126,091
Debtors 123,956 25,726
Cash at bank and in hand 135,632 136,081
412,951 287,898
Creditors: amounts falling due within one year (359,282) (299,652)
Net current assets (liabilities) 53,669 (11,754)
Total assets less current liabilities 211,731 134,933
Provisions for liabilities (31,612) (29,337)
Total net assets (liabilities) 180,119 105,596
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 180,019 105,496
Shareholders' funds 180,119 105,596
  • For the year ending 30 September 2015 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 29 July 2016

And signed on their behalf by:
C Keen, Director

AAA INFLATABLES LIMITED Registered Number 06325773

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 15% Reducing balance
Fixtures & Fittings - 15% Reducing balance
Motor Vehicles - 25% Reducing balance
Equipment - 25% Reducing balance

Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred taxation
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets
At 1 October 2014 251,992
Additions 82,080
Disposals (71,649)
Revaluations -
Transfers -
At 30 September 2015 262,423
At 1 October 2014 105,305
Charge for the year 31,652
On disposals (32,596)
At 30 September 2015 104,361
Net book values
At 30 September 2015 158,062
At 30 September 2014 146,687
3Called Up Share Capital
Allotted, called up and fully paid:
100 Ordinary shares of £1 each 100 100