A & A (Uk) Limited 04485414 true 2016-01-01 2016-12-31 2016-12-31 The principal activity of the company is a Convenience store Digita Accounts Production Advanced 6.20.8420.0 Software true Mr Kishor Thakor Mrs Mina Thakor 04485414 2016-01-01 2016-12-31 04485414 2016-12-31 04485414 bus:OrdinaryShareClass1 2016-12-31 04485414 core:RetainedEarningsAccumulatedLosses 2016-12-31 04485414 core:ShareCapital 2016-12-31 04485414 core:CurrentFinancialInstruments 2016-12-31 04485414 core:CurrentFinancialInstruments core:WithinOneYear 2016-12-31 04485414 core:Non-currentFinancialInstruments 2016-12-31 04485414 core:Non-currentFinancialInstruments core:AfterOneYear 2016-12-31 04485414 core:FurnitureFittingsToolsEquipment 2016-12-31 04485414 bus:FRS102 2016-01-01 2016-12-31 04485414 bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 04485414 bus:FullAccounts 2016-01-01 2016-12-31 04485414 bus:RegisteredOffice 2016-01-01 2016-12-31 04485414 bus:CompanySecretaryDirector1 2016-01-01 2016-12-31 04485414 bus:Director2 2016-01-01 2016-12-31 04485414 bus:OrdinaryShareClass1 2016-01-01 2016-12-31 04485414 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 04485414 core:FurnitureFittings 2016-01-01 2016-12-31 04485414 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 04485414 countries:England 2016-01-01 2016-12-31 04485414 2015-12-31 04485414 core:FurnitureFittingsToolsEquipment 2015-12-31 04485414 2015-12-31 04485414 bus:OrdinaryShareClass1 2015-12-31 04485414 core:RetainedEarningsAccumulatedLosses 2015-12-31 04485414 core:ShareCapital 2015-12-31 04485414 core:CurrentFinancialInstruments 2015-12-31 04485414 core:CurrentFinancialInstruments core:WithinOneYear 2015-12-31 04485414 core:Non-currentFinancialInstruments 2015-12-31 04485414 core:Non-currentFinancialInstruments core:AfterOneYear 2015-12-31 04485414 core:FurnitureFittingsToolsEquipment 2015-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04485414

A & A (Uk) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Brothertons Accountants Ltd
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.

 

A & A (Uk) Limited

(Registration number: 04485414)
Balance Sheet as at 31 December 2016

Note

2016
£

2015
£

Fixed assets

 

Tangible assets

3

-

3,309

Current assets

 

Stocks

4

-

17,800

Debtors

5

10,943

-

Cash at bank and in hand

 

1,500

1,500

 

12,443

19,300

Creditors: Amounts falling due within one year

7

(482)

(10,022)

Net current assets

 

11,961

9,278

Total assets less current liabilities

 

11,961

12,587

Creditors: Amounts falling due after more than one year

7

-

(627)

Net assets

 

11,961

11,960

Capital and reserves

 

Called up share capital

8

2

2

Profit and loss account

11,959

11,958

Total equity

 

11,961

11,960

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 29 September 2017 and signed on its behalf by:
 

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

Mr Kishor Thakor

Company secretary and director

 

A & A (Uk) Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

1

General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
10 SEVENTH AVENUE
TUFFLEY
GLOUCESTER
Gloucester
GL4 0EB
United Kingdom

These financial statements were authorised for issue by the Board on 29 September 2017.

2

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.

 

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.

 

A & A (Uk) Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2016

19,466

19,466

Disposals

(19,466)

(19,466)

At 31 December 2016

-

-

Depreciation

At 1 January 2016

16,157

16,157

Eliminated on disposal

(16,157)

(16,157)

At 31 December 2016

-

-

Carrying amount

At 31 December 2016

-

-

At 31 December 2015

3,309

3,309

4

Stocks

2016
£

2015
£

Other inventories

-

17,800

5

Debtors

2016
£

2015
£

Other debtors

10,943

-

Total current trade and other debtors

10,943

-

6

Cash and cash equivalents

2016
£

2015
£

Cash on hand

1,500

1,500

Bank overdrafts

-

(5,591)

Cash and cash equivalents in statement of cash flows

1,500

(4,091)

 

A & A (Uk) Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

7

Creditors

Note

2016
£

2015
£

Due within one year

 

Loans and borrowings

9

-

5,591

Social security and other taxes

 

82

882

Accrued expenses

 

400

400

Income tax liability

-

3,149

 

482

10,022

Due after one year

 

Loans and borrowings

9

-

627

8

Share capital

Allotted, called up and fully paid shares

 

2016

2015

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

9

Loans and borrowings

2016
£

2015
£

Non-current loans and borrowings

Other borrowings

-

627

2016
£

2015
£

Current loans and borrowings

Bank overdrafts

-

5,591

 

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

 

A & A (Uk) Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2016

2016
£

2015
£