Registered number
07314244
AAR Associates Limited
Unaudited Filleted Accounts
31 March 2017
AAR Associates Limited
Registered number: 07314244
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 2,711 1,873
Current assets
Debtors 4 16,208 9,211
Cash at bank and in hand 41,352 9,473
57,560 18,684
Creditors: amounts falling due within one year 5 (23,031) (20,555)
Net current assets/(liabilities) 34,529 (1,871)
Net assets 37,240 2
Capital and reserves
Called up share capital 3 2
Profit and loss account 37,237 -
Shareholders' funds 37,240 2
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Adil Ali Riaz
Director
Approved by the board on 16 November 2017
AAR Associates Limited
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2016 2,801
Additions 1,398
At 31 March 2017 4,199
Depreciation
At 1 April 2016 928
Charge for the year 560
At 31 March 2017 1,488
Net book value
At 31 March 2017 2,711
At 31 March 2016 1,873
4 Debtors 2017 2016
£ £
Trade debtors 11,722 9,211
Other debtors 4,486 -
16,208 9,211
5 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 1,956 1,804
Corporation tax 20,350 11,800
Other taxes and social security costs 437 381
Other creditors 288 6,570
23,031 20,555
6 Other information
AAR Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Westminster Close
Dudley
DY1 2RA
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