REGISTERED NUMBER: 07214530 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

AARDVARK ONLINE TRADING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Wright

REGISTERED OFFICE:

Unit 20

Pearsons Industrial Estate

Hetton le Hole

Tyne and Wear

DH5 0BG

REGISTERED NUMBER:

07214530 (England and Wales)

ACCOUNTANTS:

Ribchesters

Chartered Accountants

Finchale House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Intangible assets

2

20,000

25,000

Tangible assets

3

41,012

45,113

61,012

70,113

CURRENT ASSETS

Stocks

62,500

62,817

Debtors

97,987

39,388

Cash at bank and in hand

4,385

856

164,872

103,061

CREDITORS

Amounts falling due within one year

4

173,468

138,662

NET CURRENT LIABILITIES

(8,596

)

(35,601

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,416

34,512

CREDITORS

Amounts falling due after more than one year

(79,243

)

(19,679

)

PROVISIONS FOR LIABILITIES

(667

)

(8,846

)

NET (LIABILITIES)/ASSETS

(27,494

)

5,987

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(27,594

)

5,887

SHAREHOLDERS' FUNDS

(27,494

)

5,987

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 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 20 October 2017 and were signed by:

J Wright - 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 is derived from the principal activity of the company which that of the sale of jewellery and other

products via websites owned by the company. Income is recognised on dispatch of goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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

-

33% on cost

Stocks

Stocks represent goods bought in for re-sale and are valued at the lower of cost and net realisable value. Cost is

determined by applying the actual purchase price of items on a line by line basis on a first in first out basis.

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 August 2015

and 31 July 2016

50,000

AMORTISATION

At 1 August 2015

25,000

Amortisation for year

5,000

At 31 July 2016

30,000

NET BOOK VALUE

At 31 July 2016

20,000

At 31 July 2015

25,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

87,270

Additions

32,429

At 31 July 2016

119,699

DEPRECIATION

At 1 August 2015

42,157

Charge for year

36,530

At 31 July 2016

78,687

NET BOOK VALUE

At 31 July 2016

41,012

At 31 July 2015

45,113

4.

CREDITORS

Creditors include an amount of £ 33,646 (2015 - £ 29,921 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2016 and

31 July 2015:

2016

2015

£

£

J Wright

Balance outstanding at start of year

3,909

5,349

Amounts advanced

57,940

30,016

Amounts repaid

(2,400

)

(31,456

)

Balance outstanding at end of year

59,449

3,909