A A Vehicle Rental Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC283238 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

A A VEHICLE RENTAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R A Khan

SECRETARY:

R A Khan

REGISTERED OFFICE:

15a Camptoun Holdings

Haddinton

East Lothian

EH39 5BA

REGISTERED NUMBER:

SC283238 (Scotland)

ACCOUNTANTS:

Daverns

Chartered Accountants

149/151 Sparrows Herne

Bushey Heath

Watford

Hertfordshire

WD23 1AQ

FIXED ASSETS

Intangible assets

2

11,250

16,250

Tangible assets

3

273,980

263,862

285,230

280,112

CURRENT ASSETS

Debtors

13,613

90,009

CREDITORS

Amounts falling due within one year

4

218,242

218,773

NET CURRENT LIABILITIES

(204,629

)

(128,764

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,601

151,348

CREDITORS

Amounts falling due after more than one year

45,625

79,353

NET ASSETS

34,976

71,995

CAPITAL AND RESERVES

Called up share capital

5

301,000

Profit and loss account

(266,024

)

(229,005

)

SHAREHOLDERS' FUNDS

34,976

71,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 August 2016 and were signed by:

R A Khan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

10% on cost

Deferred tax

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

date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

25,000

AMORTISATION

At 1 December 2014

8,750

Amortisation for year

5,000

At 30 November 2015

13,750

NET BOOK VALUE

At 30 November 2015

11,250

At 30 November 2014

16,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

465,206

Additions

77,555

Disposals

(47,965

)

At 30 November 2015

494,796

DEPRECIATION

At 1 December 2014

201,344

Charge for year

46,919

Eliminated on disposal

(27,447

)

At 30 November 2015

220,816

NET BOOK VALUE

At 30 November 2015

273,980

At 30 November 2014

263,862

4.

CREDITORS

Creditors include an amount of £ 9,109 (2014 - £ 4,243 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

301,000

Ordinary shares

£1

301,000