REGISTERED NUMBER: 07358998 (England and Wales)

AASN Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A B Allen

N Womersley

Mrs S Allen

Mrs A Womersley

REGISTERED OFFICE:

4 Pavilion Court

600 Pavilion Drive

Northampton Business Park

Northampton

Northamptonshire

NN4 7SL

REGISTERED NUMBER:

07358998 (England and Wales)

ACCOUNTANTS:

Kilby Fox

4 Pavilion Court

600 Pavilion Drive

Northampton Business Park

Northampton

Northamptonshire

NN4 7SL

CURRENT ASSETS

Stocks

11,062

11,537

Debtors

12,843

57,988

Cash at bank

259,717

434,334

283,622

503,859

CREDITORS

Amounts falling due within one year

108,209

218,953

NET CURRENT ASSETS

175,413

284,906

TOTAL ASSETS LESS CURRENT LIABILITIES

175,413

284,906

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

175,313

284,806

SHAREHOLDERS' FUNDS

175,413

284,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 1 August 2017 and were signed on its behalf by:

A B Allen - Director

N Womersley - 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 January 2015).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Long term contracts are stated at net cost less forseeable losses less any applicable payments on account. The

amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the

work carried out to date. Attributable profit is recognised as the difference between recorded turnover and

related costs.

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100