REGISTERED NUMBER: 05850322 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th June 2013

for

A & A Property Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs A L Hendy

A T Hendy

SECRETARY:

Mrs R Klink

REGISTERED OFFICE:

54d Bampton Street

Tiverton

Devon

EX16 6AH

REGISTERED NUMBER:

05850322 (England and Wales)

ACCOUNTANTS:

David M Jenkins & Company, Accountants

Key House

4 Woodward Road

Howden Industrial Estate

Tiverton

Devon

EX16 5GZ

FIXED ASSETS

Intangible assets

2

6,800

8,500

Tangible assets

3

26,993

30,331

33,793

38,831

CURRENT ASSETS

Debtors

31,666

24,382

Prepayments and accrued income

4,317

1,288

Cash at bank

1,857

1,986

37,840

27,656

CREDITORS

Amounts falling due within one year

48,753

40,982

NET CURRENT LIABILITIES

(10,913

)

(13,326

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,880

25,505

CREDITORS

Amounts falling due after more than one year

39,419

47,539

NET LIABILITIES

(16,539

)

(22,034

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(16,541

)

(22,036

)

SHAREHOLDERS' FUNDS

(16,539

)

(22,034

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2013 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 28th March 2014 and were signed on its behalf by:

A T Hendy - 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 April 2008).

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 2006, 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, 25% on reducing balance and 20% on cost

Deferred tax

Deferred tax is recognised in respect of all 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 1st July 2012

and 30th June 2013

17,000

AMORTISATION

At 1st July 2012

8,500

Amortisation for year

1,700

At 30th June 2013

10,200

NET BOOK VALUE

At 30th June 2013

6,800

At 30th June 2012

8,500

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st July 2012

20,000

40,219

60,219

Additions

-

389

389

At 30th June 2013

20,000

40,608

60,608

DEPRECIATION

At 1st July 2012

3,200

26,688

29,888

Charge for year

800

2,927

3,727

At 30th June 2013

4,000

29,615

33,615

NET BOOK VALUE

At 30th June 2013

16,000

10,993

26,993

At 30th June 2012

16,800

13,531

30,331

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2013 and

30th June 2012:

2013

2012

£

£

A T Hendy and Mrs A L Hendy

Balance outstanding at start of year

-

-

Amounts advanced

7,940

-

Amounts repaid

-

-

Balance outstanding at end of year

7,940

-

At 30th June 2013 the directors' loan from the company stood at £7940 (£4,928 was due to the directors from the

company at 30th June 2011). This has been cleared by salary payments in March 2014.

Mr & Mrs Hendy own the offices used by the company for which a rent is paid.

6.	GOING CONCERN

In common with many businesses of this size, the company is dependent upon the continuing support of the

directors/shareholders.