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Registration number: 06682871

AAB Engineering Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2016
 

Broadhead Accountants Limited

 

AAB Engineering Ltd
Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6 to 7

 

AAB Engineering Ltd
Company Information

Director

Mr Arie Atiezal Bein

Registered office

Flat 1
18 Avenue Road
London
N15 5JH

Page 1

 

AAB Engineering Ltd
Director's Report for the Year Ended 31 August 2016

The director presents his report and the unaudited financial statements for the year ended 31 August 2016.

Director of the company

The director who held office during the year was as follows:

Mr Arie Atiezal Bein

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 23 November 2016 and signed on its behalf by:

.........................................
Mr Arie Atiezal Bein
Director

Page 2

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
 AAB Engineering Ltdfor the Year Ended 31 August 2016

In order to assist you to fulfil your directors' duties under the Companies Act 2006, we have prepared for your review and approval the financial statements of AAB Engineering Ltd for the year ended 31 August 2016. These financial statements have been prepared from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to ethical and other professional requirements.

This report is made solely to the Board of Directors of AAB Engineering Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AAB Engineering Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AAB Engineering Ltd and its Board of Directors as a body for our work or for this report.

The acceptance of the financial statements and the directors' report by the directors indicates acceptance of our accountants' report too. Use of these financial statements by external parties indicates acknowledgement of these conditions and limitations.


 
  ......................................
  Broadhead Accountants Limited Chartered Accountants Suite 402 Britannia House 1-11 Glenthorne Road Hammersmith London W6 0LH
 
 
 

24 November 2016

Page 3

 

AAB Engineering Ltd
Profit and Loss Account for the Year Ended 31 August 2016

   

Note

    

2016
£

    

2015
£

  

Turnover

  

   

107,421

   

102,664

 

Administrative expenses

  

   

(19,835)

   

(27,602)

 

Operating profit

  

   

87,586

   

75,062

 

Profit on ordinary activities before taxation

  

   

87,586

   

75,062

 

Tax on profit on ordinary activities

  

3

   

(17,517)

   

(15,012)

 

Profit for the financial year

  

8

   

70,069

   

60,050

 

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4

 

AAB Engineering Ltd
(Registration number: 06682871)
Balance Sheet at 31 August 2016

   

Note

    

2016
£

    

2015
£

  

Current assets

  

             

Debtors

  

4

   

29,700

   

8,913

 

Cash at bank and in hand

  

   

20,245

   

1,000

 
   

   

49,945

   

9,913

 

Creditors: Amounts falling due within one year

  

5

   

(3,572)

   

(3,109)

 

Net assets

  

   

46,373

   

6,804

 

Capital and reserves

  

             

Called up share capital

 

6

   

100

   

100

 

Profit and loss account

  

8

   

46,273

   

6,704

 

Shareholders' funds

  

   

46,373

   

6,804

 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS 102.

For the year ending 31 August 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 23 November 2016

.........................................
Mr Arie Atiezal Bein
Director

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5

 

AAB Engineering Ltd
Notes to the Financial Statements for the Year Ended 31 August 2016
......... continued

1

Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

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

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

Director's remuneration

The director's remuneration for the year was as follows:

 

2016
£

    

2015
£

  

 

   

 

Remuneration

  

7,587

   

7,996

 

3

Taxation

Tax on profit on ordinary activities

   

2016
£

    

2015
£

  

Current tax

            

Corporation tax charge

  

17,517

   

15,012

 

Page 6

 

AAB Engineering Ltd
Notes to the Financial Statements for the Year Ended 31 August 2016
......... continued

4

Debtors

   

2016
£

    

2015
£

  
             

Trade debtors

  

2,556

   

3,024

 

Other debtors

  

27,144

   

5,889

 
   

29,700

   

8,913

 

5

Creditors: Amounts falling due within one year

   

2016
£

    

2015
£

  
             

Trade creditors

  

1,020

   

1,020

 

Other taxes and social security

  

2,552

   

2,089

 
   

3,572

   

3,109

 

6

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary share of £1 each

 

100

   

100

   

100

   

100

 
                         

7

Dividends

 

2016
£

    

2015
£

  

Dividends paid

  

   

 

Current year interim dividend paid

  

30,500

   

61,036

 

8

Reserves

   

Profit and loss account
£

    

Total
£

  
             

At 1 September 2015

  

6,704

    

6,704

  
             

Profit for the year

  

70,069

    

70,069

 

Dividends

  

(30,500)

   

(30,500)

 

At 31 August 2016

  

46,273

    

46,273

  

Page 7