Registered Number 07262661

AAKHAN & SONS LTD

Abbreviated Accounts

31 March 2016

AAKHAN & SONS LTD Registered Number 07262661

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 528,203 428,018
Investments 3 30,000 20,000
558,203 448,018
Current assets
Debtors 23,947 32,659
Cash at bank and in hand 24,566 56,156
48,513 88,815
Creditors: amounts falling due within one year (219,598) (110,507)
Net current assets (liabilities) (171,085) (21,692)
Total assets less current liabilities 387,118 426,326
Creditors: amounts falling due after more than one year (174,420) (174,420)
Total net assets (liabilities) 212,698 251,906
Capital and reserves
Called up share capital 100 100
Profit and loss account 212,598 251,806
Shareholders' funds 212,698 251,906
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2016

And signed on their behalf by:
ANWAR ALI KHAN, Director

AAKHAN & SONS LTD Registered Number 07262661

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows:
Land and buildings -
Fixtures, fittings
and equipment - 20% written down value
Motor vehicles - 20% written down value

2Tangible fixed assets
£
Cost
At 1 April 2015 474,330
Additions 121,712
Disposals (18,942)
Revaluations -
Transfers -
At 31 March 2016 577,100
Depreciation
At 1 April 2015 46,312
Charge for the year 13,770
On disposals (11,185)
At 31 March 2016 48,897
Net book values
At 31 March 2016 528,203
At 31 March 2015 428,018

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.