REGISTERED NUMBER: 05886248 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

A.A.S.P LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S Hashemzadeh

REGISTERED OFFICE:

The Old Barn

Off Wood Street

Swanley Village

Kent

BR8 7PA

REGISTERED NUMBER:

05886248 (England and Wales)

ACCOUNTANTS:

Riddingtons Ltd

The Old Barn

Off Wood Street

Swanley Village

Kent

BR8 7PA

FIXED ASSETS

Intangible assets

2

98,250

131,000

Tangible assets

3

93,795

101,857

192,045

232,857

CURRENT ASSETS

Stocks

150

2,150

Debtors

-

30,359

Cash at bank

-

1,455

150

33,964

CREDITORS

Amounts falling due within one year

87,950

206,008

NET CURRENT LIABILITIES

(87,800

)

(172,044

)

TOTAL ASSETS LESS CURRENT LIABILITIES

104,245

60,813

PROVISIONS FOR LIABILITIES

16,187

17,234

NET ASSETS

88,058

43,579

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

87,958

43,479

SHAREHOLDERS' FUNDS

88,058

43,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 July 2017 and were signed by:

Mr S Hashemzadeh - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on 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.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

327,500

AMORTISATION

At 1 November 2015

196,500

Amortisation for year

32,750

At 31 October 2016

229,250

NET BOOK VALUE

At 31 October 2016

98,250

At 31 October 2015

131,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

198,650

Additions

8,695

At 31 October 2016

207,345

DEPRECIATION

At 1 November 2015

96,793

Charge for year

16,757

At 31 October 2016

113,550

NET BOOK VALUE

At 31 October 2016

93,795

At 31 October 2015

101,857

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100