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Company Registration No. 4158693 (England and Wales)
AA Electrical Wholesalers and Lighting Limited Unaudited accounts for the year ended 31 March 2017
AA Electrical Wholesalers and Lighting Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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AA Electrical Wholesalers and Lighting Limited Company Information for the year ended 31 March 2017
Director
Mark Lynch
Company Number
4158693 (England and Wales)
Registered Office
1 Sheaf Gardens Sheaf Gardens Industrial Estate Sheffield S2 4BB
Accountants
CBS Accountancy Services 60a Birley Moor Road Sheffield S12 4WD
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AA Electrical Wholesalers and Lighting Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
120,000 
120,000 
Current assets
Inventories
5
67,440 
48,660 
Debtors
6
146,674 
428,040 
Cash at bank and in hand
30,961 
87,763 
245,075 
564,463 
Creditors: amounts falling due within one year
7
(112,525)
(367,695)
Net current assets
132,550 
196,768 
Total assets less current liabilities
252,550 
316,768 
Creditors: amounts falling due after more than one year
8
(91,908)
- 
Net assets
160,642 
316,768 
Capital and reserves
Called up share capital
9
50 
100 
Capital redemption reserve
(170,000)
- 
Profit and loss account
330,592 
316,668 
Shareholders' funds
160,642 
316,768 
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 December 2017.
Mark Lynch Director Company Registration No. 4158693
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AA Electrical Wholesalers and Lighting Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
AA Electrical Wholesalers and Lighting Limited is a private company, limited by shares, registered in England and Wales, registration number 4158693. The registered office is 1 Sheaf Gardens, Sheaf Gardens Industrial Estate, Sheffield, S2 4BB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2016
120,000 
At 31 March 2017
120,000 
Depreciation
At 31 March 2017
- 
Net book value
At 31 March 2017
120,000 
At 31 March 2016
120,000 
5
Inventories
2017 
2016 
£ 
£ 
Raw materials
67,440 
48,660 
67,440 
48,660 
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AA Electrical Wholesalers and Lighting Limited Notes to the Accounts for the year ended 31 March 2017
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
146,674 
428,040 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
1,799 
310,060 
Taxes and social security
21,742 
60,635 
Other creditors
29,691 
- 
Loans from directors
59,293 
(3,000)
112,525 
367,695 
8
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Bank loans
91,908 
- 
9
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
100 
10
Average number of employees
During the year the average number of employees was 4 (2016: 4).
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