AA Bookkeeping & Payroll Ltd
Registered number: 04291289
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Intangible assets 2 25,000 25,000
Current assets
Debtors 3 8,681 8,220
Cash at bank and in hand 112 85
8,793 8,305
Creditors: amounts falling due within one year 4 (8,222) (8,210)
Net current assets 571 95
Net assets 25,571 25,095
Capital and reserves
Called up share capital 1 1
Profit and loss account 25,570 25,094
Shareholder's funds 25,571 25,095
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N H Abidin
Director
Approved by the board on 25 December 2017
AA Bookkeeping & Payroll Ltd
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2016 25,000
At 31 March 2017 25,000
Amortisation
At 31 March 2017 -
Net book value
At 31 March 2017 25,000
At 31 March 2016 25,000
Goodwill is not ammortised as the director feels the value has increased since it was purchased and therefore it would not be appropriate to ammortise it.
3 Debtors 2017 2016
£ £
Trade debtors 8,681 8,220
4 Creditors: amounts falling due within one year 2017 2016
£ £
Taxation and social security costs 2,994 2,984
Director's current account 5,228 5,226
8,222 8,210
5 Controlling party
The company is controlled by N H Abidin.
6 Other information
AA Bookkeeping & Payroll Ltd is a private company limited by shares and incorporated in England. Its registered office is:
88 North Street
Hornchurch
Essex
RM11 1SR
AA Bookkeeping & Payroll Ltd 04291289 false 2016-04-01 2017-03-31 2017-03-31 VT Final Accounts September 2017 N H Abidin No description of principal activity 04291289 core:WithinOneYear 2016-03-31 04291289 core:ShareCapital 2016-03-31 04291289 core:RetainedEarningsAccumulatedLosses 2016-03-31 04291289 2016-04-01 2017-03-31 04291289 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 04291289 bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 04291289 bus:Director40 2016-04-01 2017-03-31 04291289 1 2016-04-01 2017-03-31 04291289 2 2016-04-01 2017-03-31 04291289 countries:England 2016-04-01 2017-03-31 04291289 bus:FRS102 2016-04-01 2017-03-31 04291289 bus:FullAccounts 2016-04-01 2017-03-31 04291289 2017-03-31 04291289 core:WithinOneYear 2017-03-31 04291289 core:ShareCapital 2017-03-31 04291289 core:RetainedEarningsAccumulatedLosses 2017-03-31 04291289 core:Goodwill 2017-03-31 04291289 2016-03-31 04291289 core:Goodwill 2016-03-31 iso4217:GBP