REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
FOR |
AAP ARCHITECTURE LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
FOR |
AAP ARCHITECTURE LIMITED |
AAP ARCHITECTURE LIMITED (REGISTERED NUMBER: 03747339) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 MARCH 2017 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
AAP ARCHITECTURE LIMITED |
COMPANY INFORMATION |
for the year ended 31 MARCH 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
9 Bickels Yard |
151-153 Bermondsey Street |
London Bridge |
London |
SE1 3HA |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
AAP ARCHITECTURE LIMITED |
The following reproduces the text of the report prepared for the directors and members in |
respect of the company's annual unaudited financial statements. In accordance with the |
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are |
cautioned that the Income Statement and certain other primary statements and the Report of |
the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of AAP Architecture Limited for the year ended 31 March 2017 |
which comprise the Income Statement, Balance Sheet and the related notes from the company's |
accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of AAP Architecture Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AAP Architecture Limited and state those matters that we have agreed to state to the Board of Directors of AAP Architecture Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AAP Architecture Limited Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that AAP Architecture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AAP Architecture Limited. You consider that AAP Architecture Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of AAP Architecture Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
9 Bickels Yard |
151-153 Bermondsey Street |
London Bridge |
London |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
AAP ARCHITECTURE LIMITED |
SE1 3HA |
AAP ARCHITECTURE LIMITED (REGISTERED NUMBER: 03747339) |
BALANCE SHEET |
31 MARCH 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
AAP ARCHITECTURE LIMITED (REGISTERED NUMBER: 03747339) |
BALANCE SHEET - continued |
31 MARCH 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on signed on its behalf by: |
AAP ARCHITECTURE LIMITED (REGISTERED NUMBER: 03747339) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 MARCH 2017 |
1. | STATUTORY INFORMATION |
AAP Architecture Limited is a |
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 |
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 |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and |
handling costs in bringing stocks to their present location and condition. |
AAP ARCHITECTURE LIMITED (REGISTERED NUMBER: 03747339) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 MARCH 2017 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance |
sheet. Those held under hire purchase contracts are depreciated over their estimated useful |
lives. Those held under finance leases are depreciated over their estimated useful lives or the |
lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. |
The capital element of the future payments is treated as a liability. |
Assets obtained under hire purchase contracts or finance lease are capitalised in the balance |
sheet. Those held under hire purchase contracts are depreciated over their estimated useful |
lives or the lease term, whichever is the shorter. |
The interest element of these obligations are charged to the profit and loss account over the |
relevant period. The capital element of the future payments is treated as a liability. |
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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance lease are capitalised in the balance |
sheet. Those held under hire purchase contracts are depreciated over their estimated useful |
lives or the lease term, whichever is the shorter. |
The interest element of these obligations are charged to the profit and loss account over the |
relevant period. The capital element of the future payments is treated as a liability. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
AAP ARCHITECTURE LIMITED (REGISTERED NUMBER: 03747339) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 MARCH 2017 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2016 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2017 |
DEPRECIATION |
At 1 April 2016 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
AAP ARCHITECTURE LIMITED (REGISTERED NUMBER: 03747339) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 MARCH 2017 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as |
follows: |
Motor |
vehicles |
£ |
COST |
At 1 April 2016 |
Additions |
Disposals | ( |
) |
At 31 March 2017 |
DEPRECIATION |
At 1 April 2016 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
5. | STOCKS |
2017 | 2016 |
£ | £ |
Work-in-progress |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
AAP Group of Companies | 1,062 | 1,062 |
Other debtors | - | 1,164,242 |
Prepayments |
AAP ARCHITECTURE LIMITED (REGISTERED NUMBER: 03747339) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 MARCH 2017 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 110,984 | 132,086 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans - 2-5 years |
Hire purchase contracts |
Director Current Ac |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank loans |
Hire purchase contracts | 95,644 | 19,444 |
The hire purchase creditors are secured on the assets to which they relate |
The bank holds an unlimited guarantee in the name of the director, Mr Alberto Picariello. |
AAP ARCHITECTURE LIMITED (REGISTERED NUMBER: 03747339) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 MARCH 2017 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Ordinary Class "B" | £1 | 10 | 10 |
110 | 110 |
11. | RELATED PARTY DISCLOSURES |
. |
Mr P J Burstow |
shareholder & director |
Mr P Burstow received dividend in the sum of £20,000 (£17,500; 2016) during the year |
under review. |
AAP Group Ltd |
A Holding Company |
The company has paid a dividend in the sum of £240,000 ( 2016 ; £874,280) to its holding |
company during the year under review. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate parent company is AAP Group Holdings Ltd, a company incorporated in |
England and Wales. |