Registered number
04958855
AA2L Limited
Filleted Accounts
31 December 2016
AA2L Limited
Registered number: 04958855
Balance Sheet
as at 31 December 2016
Notes 2016 2015
Fixed assets
Tangible assets 4 2,023 2,578
Current assets
Debtors 5 5,160 13
Cash at bank and in hand 1,361 3,730
6,521 3,743
Creditors: amounts falling due within one year 6 (6,213) (4,400)
Net current assets/(liabilities) 308 (657)
Total assets less current liabilities 2,331 1,921
Provisions for liabilities (385) (516)
Net assets 1,946 1,405
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,846 1,305
Shareholders' funds 1,946 1,405
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs R L Bailey
Director
Approved by the board on 26 September 2017
AA2L Limited
Notes to the Accounts
for the year ended 31 December 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 15% per annum
Office equipment 25% per annum
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2016 2015
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets
Goodwill:
Cost
At 1 January 2016 30,000
At 31 December 2016 30,000
Amortisation
At 1 January 2016 30,000
At 31 December 2016 30,000
Net book value
At 31 December 2016 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
Cost
At 1 January 2016 9,903 5,356 15,259
At 31 December 2016 9,903 5,356 15,259
Depreciation
At 1 January 2016 8,221 4,460 12,681
Charge for the year 421 134 555
At 31 December 2016 8,642 4,594 13,236
Net book value
At 31 December 2016 1,261 762 2,023
At 31 December 2015 1,682 896 2,578
5 Debtors 2016 2015
Trade debtors 5,160 -
Other debtors - 13
5,160 13
6 Creditors: amounts falling due within one year 2016 2015
Corporation tax 5,404 2,651
Other creditors 809 1,749
6,213 4,400
7 Controlling party
A K Bailey, a director, who owns 80% of the issued share capital is the controlling party.
8 Other information
AA2L Limited is a private company limited by shares and incorporated in England. Its registered office is:
85 Lundhill Road
Wombwell
Barnsley
South Yorkshire
S73 0RL
AA2L Limited 04958855 false 2016-01-01 2016-12-31 2016-12-31 VT Final Accounts June 2017 Mrs R L Bailey No description of principal activity 04958855 2015-01-01 2015-12-31 04958855 core:WithinOneYear 2015-12-31 04958855 core:ShareCapital 2015-12-31 04958855 core:RetainedEarningsAccumulatedLosses 2015-12-31 04958855 2016-01-01 2016-12-31 04958855 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 04958855 bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 04958855 bus:Director40 2016-01-01 2016-12-31 04958855 1 2016-01-01 2016-12-31 04958855 2 2016-01-01 2016-12-31 04958855 core:PlantMachinery 2016-01-01 2016-12-31 04958855 core:Vehicles 2016-01-01 2016-12-31 04958855 countries:England 2016-01-01 2016-12-31 04958855 bus:FRS102 2016-01-01 2016-12-31 04958855 bus:FullAccounts 2016-01-01 2016-12-31 04958855 2016-12-31 04958855 core:WithinOneYear 2016-12-31 04958855 core:ShareCapital 2016-12-31 04958855 core:RetainedEarningsAccumulatedLosses 2016-12-31 04958855 core:Goodwill 2016-12-31 04958855 core:PlantMachinery 2016-12-31 04958855 core:Vehicles 2016-12-31 04958855 2015-12-31 04958855 core:Goodwill 2015-12-31 04958855 core:PlantMachinery 2015-12-31 04958855 core:Vehicles 2015-12-31 iso4217:GBP xbrli:pure