REGISTERED NUMBER: 04867692 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018

FOR

AAA/V SYSTEMS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

S J Mitchell

Secretary:

Mrs L P Mitchell

Registered office:

1 Barnby Avenue

Wigston

Leicestershire

LE18 1FG

Registered number:

04867692 (England and Wales)

Accountants:

Sturgess Hutchinson

Chartered Certified Accountants

21 New Walk

Leicester

LE1 6TE

Fixed assets

Tangible assets

4

6,821

9,063

Current assets

Stocks

3,875

2,640

Debtors

5

9,201

20,873

Cash at bank

2,302

48,541

15,378

72,054

Creditors

Amounts falling due within one year

6

9,117

49,416

Net current assets

6,261

22,638

Total assets less current liabilities

13,082

31,701

Provisions for liabilities

1,231

1,728

Net assets

11,851

29,973

Capital and reserves

Called up share capital

11

11

Retained earnings

11,840

29,962

11,851

29,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 January 2019 and were signed by:

S J Mitchell - Director

1.	Statutory information

Aaa/v Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful

lives.

Plant and machinery 20% reducing balance

Motor vehicles 25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 1 (2017 - 1 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 September 2017

20,604

Additions

477

Disposals

(594

)

At 31 August 2018

20,487

Depreciation

At 1 September 2017

11,541

Charge for year

2,244

Eliminated on disposal

(119

)

At 31 August 2018

13,666

Net book value

At 31 August 2018

6,821

At 31 August 2017

9,063

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

5,890

18,857

Other debtors

3,311

2,016

9,201

20,873

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

308

54

Taxation and social security

546

17,352

Other creditors

8,263

32,010

9,117

49,416