Abbreviated Company Accounts - AA PRECISION LIMITED

NI050923 AA PRECISION LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true NI050923 2015-11-01 2016-10-31 NI050923 2016-10-31 NI050923 2015-10-31 NI050923 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 NI050923 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number NI050923

AA PRECISION LIMITED

Abbreviated Accounts

31 October 2016

AA PRECISION LIMITED Registered Number NI050923

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	85,251	13,093
		85,251	13,093
Current assets
Stocks		5,235	4,330
Debtors		32,212	18,031
Cash at bank and in hand		22,968	22,328
		60,415	44,689
Creditors: amounts falling due within one year		(19,738)	(10,062)
Net current assets (liabilities)		40,677	34,627
Total assets less current liabilities		125,928	47,720
Creditors: amounts falling due after more than one year		(58,320)	-
Total net assets (liabilities)		67,608	47,720
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		67,607	47,719
Shareholders' funds		67,608	47,720

For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 July 2017

And signed on their behalf by:
Andrew Armstrong, Director

AA PRECISION LIMITED Registered Number NI050923

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 15% Reducing Balance
Fixtures, fittings and equipment - 25% Reducing Balance
Motor Vehicles - 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 November 2015	56,177
Additions	87,624
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	143,801
Depreciation
At 1 November 2015	43,084
Charge for the year	15,466
On disposals	-
At 31 October 2016	58,550
Net book values
At 31 October 2016	85,251
At 31 October 2015	13,093

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1