AAS Consultancy Limited - Period Ending 2016-05-31

AAS Consultancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

AAS Consultancy Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
AAS Consultancy Limited
for the Year Ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AAS Consultancy Limited for the year ended 31 May 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of AAS Consultancy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AAS Consultancy Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AAS Consultancy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AAS Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AAS Consultancy Limited. You consider that AAS Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AAS Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

30 January 2017

Page 1

AAS Consultancy Limited
(Registration number: 03989716)
Abbreviated Balance Sheet at 31 May 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		6,302	5,278
Current assets
Stocks		1,500	1,500
Debtors		667	8,012
		2,167	9,512
Creditors: Amounts falling due within one year		(14,100)	(13,952)
Net current liabilities		(11,933)	(4,440)
Total assets less current liabilities		(5,631)	838
Provisions for liabilities		(790)	(482)
Net (liabilities)/assets		(6,421)	356
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(6,423)	354
Shareholders' (deficit)/funds		(6,421)	356

For the year ending 31 May 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 director acknowledges his 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 director on 30 January 2017

.........................................
Mr Andrew Christopher Leverton
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

AAS Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line
Fixtures and fittings	33.3% reducing balance
Motor vehicles	25% reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

AAS Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 June 2015	35,186	35,186
Additions	4,171	4,171
At 31 May 2016	39,357	39,357
Depreciation
At 1 June 2015	29,908	29,908
Charge for the year	3,147	3,147
At 31 May 2016	33,055	33,055
Net book value
At 31 May 2016	6,302	6,302
At 31 May 2015	5,278	5,278

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		2	2		2	2

4	Related party transactions

The director operates a loan account with the company. Included within other debtors as at 31 May 2016 is £667 (2015 - £8,012) owed by Mr A Leverton. This loan is undated, unsecured and interest free.

Page 4