| Registered Number:07106849 |
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
Aardvark Electrics Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Aardvark Electrics Ltd
Statement of Financial Position
2016
2017
| Property, plant and equipment |
10,988
12,927
2
10,988
12,927
1,682
3,304
| Trade and other receivables |
11,651
17,132
3
80,001
| Cash and cash equivalents |
87,755
108,191
93,334
| Trade and other payables: amounts falling due within one year |
(31,049)
(29,754)
4
62,285
78,437
Net current assets
| Total assets less current liabilities |
89,425
75,212
(2,198)
(2,585)
| Provisions for liabilities |
87,227
Net assets
72,627
10
10
87,217
72,617
87,227
72,627
Shareholders' funds
| For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| These financial statements were approved and authorised for issue by the Board on 11 October 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2017
Aardvark Electrics Ltd
Notes to the Financial Statements
Statutory Information
| Aardvark Electrics Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 07106849. |
10 Orchard Mews
Bolton Upon Dearne
Rotherham
S63 8NZ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
| 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
| financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2017
Aardvark Electrics Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
16,575
13,995
2,580
2,580
13,995
16,575
| Provision for depreciation and impairment |
3,648
2,099
1,549
Charge for year
1,939
1,785
154
5,587
3,884
1,703
877
10,111
10,988
1,031
11,896
12,927
| 3. Trade and other receivables |
2016
2017
16,738
4,374
394
7,277
11,651
17,132
| 4. Trade and other payables: amounts falling due within one year |
2016
2017
774
412
| Taxation and social security |
20,847
17,931
8,133
12,706
29,754
31,049
| 5. Related party transactions |
The company is controlled by the director and shareholder Mr M Claridge.
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