Abbreviated Company Accounts - AAR POWERDRIVES LIMITED

06408022 AAR POWERDRIVES LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 06408022 2015-06-01 2016-05-31 06408022 2016-05-31 06408022 2015-05-31 06408022 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 06408022 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 06408022

AAR POWERDRIVES LIMITED

Abbreviated Accounts

31 May 2016

AAR POWERDRIVES LIMITED Registered Number 06408022

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	3,000	4,500
Tangible assets	3	45,740	40,819
		48,740	45,319
Current assets
Stocks		30,689	25,671
Debtors		78,731	119,041
Cash at bank and in hand		15,226	35,727
		124,646	180,439
Creditors: amounts falling due within one year		(115,597)	(132,268)
Net current assets (liabilities)		9,049	48,171
Total assets less current liabilities		57,789	93,490
Creditors: amounts falling due after more than one year		(50,004)	(65,329)
Total net assets (liabilities)		7,785	28,161
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		7,685	28,061
Shareholders' funds		7,785	28,161

For the year ending 31 May 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 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 by the Board on 22 February 2017

And signed on their behalf by:
D P Tarr, Director

AAR POWERDRIVES LIMITED Registered Number 06408022

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 15% Reducing Balance
Fixtures & Fittings - 15% to 25% Straight Line
Motor Vehicles - 25% Reducing Balance.

2Intangible fixed assets

	£
Cost
At 1 June 2015	15,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	15,000
Amortisation
At 1 June 2015	10,500
Charge for the year	1,500
On disposals	-
At 31 May 2016	12,000
Net book values
At 31 May 2016	3,000
At 31 May 2015	4,500

3Tangible fixed assets

	£
Cost
At 1 June 2015	103,541
Additions	13,883
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	117,424
Depreciation
At 1 June 2015	62,722
Charge for the year	8,962
On disposals	-
At 31 May 2016	71,684
Net book values
At 31 May 2016	45,740
At 31 May 2015	40,819

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100