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REGISTERED NUMBER: 07214530 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

AARDVARK ONLINE TRADING LIMITED

AARDVARK ONLINE TRADING LIMITED (REGISTERED NUMBER: 07214530)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AARDVARK ONLINE TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2017







DIRECTOR: J Wright





REGISTERED OFFICE: Unit 20
Pearsons Industrial Estate
Hetton le Hole
Tyne and Wear
DH5 0BG





REGISTERED NUMBER: 07214530 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

AARDVARK ONLINE TRADING LIMITED (REGISTERED NUMBER: 07214530)

BALANCE SHEET
31 JULY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 20,000
Tangible assets 5 12,285 41,012
27,285 61,012

CURRENT ASSETS
Stocks 101,207 62,500
Debtors 6 108,659 97,987
Cash at bank and in hand 17,245 4,385
227,111 164,872
CREDITORS
Amounts falling due within one year 7 207,973 173,468
NET CURRENT ASSETS/(LIABILITIES) 19,138 (8,596 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,423

52,416

CREDITORS
Amounts falling due after more than one
year

8

(36,282

)

(79,243

)

PROVISIONS FOR LIABILITIES - (667 )
NET ASSETS/(LIABILITIES) 10,141 (27,494 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 10,041 (27,594 )
SHAREHOLDERS' FUNDS 10,141 (27,494 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AARDVARK ONLINE TRADING LIMITED (REGISTERED NUMBER: 07214530)

BALANCE SHEET - continued
31 JULY 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 January 2018 and were signed by:





J Wright - Director


AARDVARK ONLINE TRADING LIMITED (REGISTERED NUMBER: 07214530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017

1. STATUTORY INFORMATION

Aardvark Online Trading limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from the principal activity of the company which that of the sale of jewellery and other
products via websites owned by the company. Income is recognised on dispatch of goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks represent goods bought in for re-sale and are valued at the lower of cost and net realisable value. Cost is
determined by applying the actual purchase price of items on a line by line basis on a first in first out basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

AARDVARK ONLINE TRADING LIMITED (REGISTERED NUMBER: 07214530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2016
and 31 July 2017 50,000
AMORTISATION
At 1 August 2016 30,000
Charge for year 5,000
At 31 July 2017 35,000
NET BOOK VALUE
At 31 July 2017 15,000
At 31 July 2016 20,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2016 119,699
Additions 1
At 31 July 2017 119,700
DEPRECIATION
At 1 August 2016 78,687
Charge for year 28,728
At 31 July 2017 107,415
NET BOOK VALUE
At 31 July 2017 12,285
At 31 July 2016 41,012

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 3,324 4,261
Other debtors 105,335 93,726
108,659 97,987

AARDVARK ONLINE TRADING LIMITED (REGISTERED NUMBER: 07214530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 24,468 37,789
Trade creditors 84,958 65,842
Taxation and social security 46,094 25,167
Other creditors 52,453 44,670
207,973 173,468

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 15,881
Other creditors 36,282 63,362
36,282 79,243

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2017 2016
£    £   
Within one year 42,451 32,578
Between one and five years 1,221 30,451
43,672 63,029

10. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 8,932 33,646
Bank loans 15,536 -
24,468 33,646

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

AARDVARK ONLINE TRADING LIMITED (REGISTERED NUMBER: 07214530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2017 and
31 July 2016:

2017 2016
£    £   
J Wright
Balance outstanding at start of year 59,449 3,909
Amounts advanced 11,195 57,940
Amounts repaid - (2,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,644 59,449