REGISTERED NUMBER: 05534604 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2016

FOR

AAA LOGISTICS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs CE Hart

Mr K Wood

Mr EM Wood

SECRETARY:

Mrs CE Hart

REGISTERED OFFICE:

The Paddocks Farm

Leicester Road

Kibworth Harcourt

Leicester

Leicestershire

LE8 0NP

REGISTERED NUMBER:

05534604 (England and Wales)

FIXED ASSETS

Intangible assets

2

38,370

42,633

Tangible assets

3

86,562

49,973

124,932

92,606

CURRENT ASSETS

Stocks

7,737

6,817

Debtors

192,787

172,399

Cash at bank and in hand

3,135

566

203,659

179,782

CREDITORS

Amounts falling due within one year

4

205,505

172,346

NET CURRENT (LIABILITIES)/ASSETS

(1,846

)

7,436

TOTAL ASSETS LESS CURRENT LIABILITIES

123,086

100,042

CREDITORS

Amounts falling due after more than one year

4

(102,834

)

(87,744

)

PROVISIONS FOR LIABILITIES

(17,312

)

(9,995

)

NET ASSETS

2,940

2,303

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

1,940

1,303

SHAREHOLDERS' FUNDS

2,940

2,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31st May 2017 and were signed on its behalf by:

Mrs CE Hart - Director

Mr K Wood - Director

Mr EM Wood - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

and 31st August 2016

90,000

AMORTISATION

At 1st September 2015

47,367

Amortisation for year

4,263

At 31st August 2016

51,630

NET BOOK VALUE

At 31st August 2016

38,370

At 31st August 2015

42,633

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

137,140

Additions

63,617

Disposals

(36,342

)

At 31st August 2016

164,415

DEPRECIATION

At 1st September 2015

87,167

Charge for year

21,831

Eliminated on disposal

(31,145

)

At 31st August 2016

77,853

NET BOOK VALUE

At 31st August 2016

86,562

At 31st August 2015

49,973

4.

CREDITORS

Creditors include an amount of £ 163,206 (2015 - £ 125,244 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

15,094

27,803

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2016

and 31st August 2015:

2016

2015

£

£

Mrs CE Hart

Balance outstanding at start of year

-

1,422

Amounts advanced

7,454

-

Amounts repaid

-

(1,422

)

Balance outstanding at end of year

7,454

-

Mr K Wood

Balance outstanding at start of year

-

1,762

Amounts advanced

1,650

-

Amounts repaid

-

(1,762

)

Balance outstanding at end of year

1,650

-

Mr EM Wood

Balance outstanding at start of year

(2,547

)

2,449

Amounts advanced

10,500

-

Amounts repaid

-

(4,996

)

Balance outstanding at end of year

7,953

(2,547

)

No interest was charged on any of the above loan balances.