Aarons Promotions Limited Small abbreviated accounts

COMPANY REGISTRATION NUMBER 5329506

AARONS PROMOTIONS LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

30 April 2016

AARONS PROMOTIONS LIMITED

ABBREVIATED BALANCE SHEET

30 April 2016

	2016	2015
Note	£	£	£
FIXED ASSETS	2
Tangible assets		-	401
		----	----

CURRENT ASSETS

Debtors	13		1,134
Cash at bank and in hand	67		391
	----		-------
	80		1,525
CREDITORS: Amounts falling due within one year	87,558		88,100
	---------		---------
NET CURRENT LIABILITIES		( 87,478)	( 86,575)
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		( 87,478)	( 86,174)

CREDITORS: Amounts falling due after more than one year	30,000	30,000
	----------	----------
	( 117,478)	( 116,174)
	----------	----------

CAPITAL AND RESERVES

Called up equity share capital	4		100	100
Profit and loss account		( 117,578)	( 116,274)
		----------	----------
DEFICIT		( 117,478)	( 116,174)
		----------	----------

For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 1 December 2016 , and are signed on their behalf by:

Mr K C Tripp

Company Registration Number: 5329506

AARONS PROMOTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 APRIL 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

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

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

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:

Fixtures and fittings - 25% reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 May 2015	3,371
Disposals	(3,371)
	-------
At 30 April 2016	–
	-------

DEPRECIATION

At 1 May 2015	2,970
On disposals	(2,970)
	-------
At 30 April 2016	–
	-------

NET BOOK VALUE

At 30 April 2016	–
	----

At 30 April 2015	401
	----

3. RELATED PARTY TRANSACTIONS

The company was under the control of the directors throughout the current and previous year by virtue of their 100% interest in the company's issued ordinary share capital. Included within creditors due within and more than one year are amounts totalling £116,941 (2015 - £101,642) representing loans made by the directors to the company. These loans are repayable on demand.

4. SHARE CAPITAL

Allotted, called up and fully paid:

2016	2015
No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
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