Registered number
03941647
AA Flags Limited
Abbreviated Accounts
30 April 2016
AA Flags Limited
Registered number: 03941647
Abbreviated Balance Sheet
as at 30 April 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 260,261 251,851
Current assets
Stocks 49,873 48,420
Debtors 51,414 68,088
Cash at bank and in hand 249,044 183,849
350,331 300,357
Creditors: amounts falling due within one year (65,712) (61,421)
Net current assets 284,619 238,936
Net assets 544,880 490,787
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 544,879 490,786
Shareholder's funds 544,880 490,787
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A Scott
Director
Approved by the board on 1 September 2016
AA Flags Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2016
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets £
Cost
At 1 May 2015 326,277
Additions 15,341
Disposals (10,639)
At 30 April 2016 330,979
Depreciation
At 1 May 2015 74,426
Charge for the year 412
On disposals (4,120)
At 30 April 2016 70,718
Net book value
At 30 April 2016 260,261
At 30 April 2015 251,851
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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