Registration number:
A & A (Uk) Limited
for the Year Ended 31 December 2016
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA
A & A (Uk) Limited
Profit and Loss Account for the Year Ended 31 December 2016
The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Page 1 |
A & A (Uk) Limited
(Registration number: 04485414)
Balance Sheet as at 31 December 2016
Note |
2016 |
2015 |
|
Fixed assets |
|||
Tangible assets |
- |
|
|
Current assets |
|||
Stocks |
- |
|
|
Debtors |
|
- |
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
• |
|
• |
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 and authorised by the
.........................................
Mr Kishor Thakor
Company secretary and director
Page 2 |
A & A (Uk) Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures |
None |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 3 |
A & A (Uk) Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 4 |
A & A (Uk) Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Tangible assets |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
||
At 1 January 2016 |
|
|
Disposals |
( |
( |
At 31 December 2016 |
- |
- |
Depreciation |
||
At 1 January 2016 |
|
|
Eliminated on disposal |
( |
( |
At 31 December 2016 |
- |
- |
Carrying amount |
||
At 31 December 2016 |
- |
- |
At 31 December 2015 |
|
|
Stocks |
2016 |
2015 |
|
Other inventories |
- |
|
Debtors |
2016 |
2015 |
|
Other debtors |
|
- |
Total current trade and other debtors |
|
- |
Cash and cash equivalents |
2016 |
2015 |
|
Cash on hand |
|
|
Bank overdrafts |
- |
( |
Cash and cash equivalents in statement of cash flows |
1,500 |
(4,091) |
Page 5 |
A & A (Uk) Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Creditors |
Note |
2016 |
2015 |
|
Due within one year |
|||
Loans and borrowings |
- |
|
|
Social security and other taxes |
|
|
|
Accrued expenses |
|
|
|
Income tax liability |
- |
3,149 |
|
|
|
||
Due after one year |
|||
Loans and borrowings |
- |
|
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
|||
No. |
£ |
No. |
£ |
|
|
|
2 |
|
2 |
Loans and borrowings |
2016 |
2015 |
|
Non-current loans and borrowings |
||
Other borrowings |
- |
|
2016 |
2015 |
|
Current loans and borrowings |
||
Bank overdrafts |
- |
|
Page 6 |
A & A (Uk) Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2016
2016 |
2015 |
|
Turnover (analysed below) |
- |
734,236 |
Cost of sales (analysed below) |
- |
(615,163) |
Gross profit |
- |
119,073 |
Gross profit (%) |
0% |
16.22% |
Administrative expenses |
||
Employment costs (analysed below) |
- |
(62,982) |
Establishment costs (analysed below) |
- |
(20,478) |
General administrative expenses (analysed below) |
- |
(15,037) |
Finance charges (analysed below) |
- |
(4,833) |
Depreciation costs (analysed below) |
- |
(1,102) |
- |
(104,432) |
|
Operating profit |
- |
14,641 |
Profit before tax |
- |
14,641 |
Page 7 |
A & A (Uk) Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2016
2016 |
2015 |
Page 8 |