REGISTERED NUMBER: 04839219 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2016

for

Aaron Homes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S J Ledwidge

SECRETARY:

Mrs S A Ledwidge

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

04839219 (England and Wales)

ACCOUNTANTS:

Philip T. Chave & Co

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

942

938

942

938

CURRENT ASSETS

Stocks

1,884,325

1,359,972

Debtors

15,167

13,258

Cash at bank

68,259

88,958

1,967,751

1,462,188

CREDITORS

Amounts falling due within one year

285,380

286,973

NET CURRENT ASSETS

1,682,371

1,175,215

TOTAL ASSETS LESS CURRENT LIABILITIES

1,683,313

1,176,153

CREDITORS

Amounts falling due after more than one year

4

1,643,449

1,092,806

NET ASSETS

39,864

83,347

CAPITAL AND RESERVES

Called up share capital

5

300

300

Profit and loss account

39,564

83,047

SHAREHOLDERS' FUNDS

39,864

83,347

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 2 March 2017 and were signed by:

S J Ledwidge - 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 represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

35,000

AMORTISATION

At 1 August 2015

and 31 July 2016

35,000

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

13,400

Additions

319

At 31 July 2016

13,719

DEPRECIATION

At 1 August 2015

12,462

Charge for year

315

At 31 July 2016

12,777

NET BOOK VALUE

At 31 July 2016

942

At 31 July 2015

938

4.

CREDITORS

Creditors include an amount of £ 1,643,449 (31.7.15 - £ 1,092,806 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.7.16

31.7.15

£

£

Repayable otherwise than by instalments

1,643,449

1,092,806

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

100

Ordinary

£1

100

100

100

'A' shares

£1

100

100

100

'B' shares

£1

100

100

300

300

6.	RELATED PARTY DISCLOSURES

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Ledwidge.