| Registered Number:03473012 |
For the year ended 28 February 2017
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2017
Aardvark EM Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Aardvark EM Ltd
Statement of Financial Position
2016
2017
| Property, plant and equipment |
78,068
19,212
2
78,068
19,212
98,118
93,453
| Trade and other receivables |
479,916
415,805
3
52,607
| Cash and cash equivalents |
127,434
636,692
630,641
| Trade and other payables: amounts falling due within one |
| year |
(287,266)
(299,237)
4
343,375
337,455
Net current assets
| Total assets less current liabilities |
415,523
362,587
415,523
Net assets
362,587
280
280
415,243
362,307
415,523
362,587
Shareholders' funds
| For the year ended 28 February 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 of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| Mr M J I Clayton Director |
| These financial statements were approved and authorised for issue by the Board on 19 July 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 28 February 2017
Aardvark EM Ltd
Notes to the Financial Statements
Statutory Information
| Aardvark EM Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 03473012. |
| Principal place of business: |
Higher Ford
Wiveliscombe
Somerset
TA4 2RL
21
Silver Street
Ottery St Mary
Devon
EX11 1DB
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
2 of 4
For the year ended 28 February 2017
Aardvark EM Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
99,389
45,805
8,995
27,782
16,807
81,388
5,647
-
75,741
-
103,523
8,995
51,452
180,777
16,807
| Provision for depreciation and impairment |
80,177
45,236
7,887
10,544
16,510
Charge for year
22,532
1,308
277
20,872
75
102,709
46,544
8,164
31,416
16,585
222
72,107
831
4,908
78,068
297
17,238
1,108
569
19,212
| 3. Trade and other receivables |
2016
2017
336,950
458,880
| Amounts owed by group undertakings and participating interests |
74,899
16,710
3,956
4,326
479,916
415,805
| 4. Trade and other payables: amounts falling due within one year |
2016
2017
-
400
65,145
86,836
| Taxation and social security |
102,446
115,959
131,646
84,071
299,237
287,266
| 5. Related party transactions |
| During the year the Company issued net sales invoices of £32,959 (2016 credit notes of £14,427) net of Vat and |
| purchases of £nil (2016 £1,000) to Qube Renewables Ltd, a company controlled by M J Clayton and N C Leaney. At |
| the year end the company was owed £37,186 (2016 £10,210) |
| During the year the company made purchases of £58,928 (2016 £14,010) on behalf of Alpaca Communications Ltd a |
| company 50% owned by the company. At the end of the year the company was owed £72,417 (2016 £14,010). |
3 of 4
For the year ended 28 February 2017
Aardvark EM Ltd
Notes to the Financial Statements Continued
4 of 4