REGISTERED NUMBER: SC325612 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Aarron Utilities Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J B McLardy

SECRETARY:

Mrs L A B McLardy

REGISTERED OFFICE:

33 Cressland Drive

Glasgow

G45 9HR

REGISTERED NUMBER:

SC325612 (Scotland)

ACCOUNTANTS:

Walker Business Services

Office 18

25 Glenwood Place

Glasgow

G45 9UH

FIXED ASSETS

Tangible assets

4

20,579

CURRENT ASSETS

Stocks

16,585

Debtors

5

126,120

Cash at bank

371,766

514,471

CREDITORS

Amounts falling due within one year

6

124,248

NET CURRENT ASSETS

390,223

TOTAL ASSETS LESS CURRENT LIABILITIES

410,802

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

410,800

SHAREHOLDERS' FUNDS

410,802

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 29 April 2017 and were signed by:

J B McLardy - Director

1.	STATUTORY INFORMATION

Aarron Utilities Company Limited is a private company, limited by shares , registered in

Scotland. 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 measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

23,839

Additions

12,532

At 31 March 2017

36,371

DEPRECIATION

At 1 April 2016

8,862

Charge for year

6,930

At 31 March 2017

15,792

NET BOOK VALUE

At 31 March 2017

20,579

At 31 March 2016

14,977

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

121,309

Prepayments

4,811

126,120

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

67,718

VAT

54,438

Directors' current accounts

441

Accrued expenses

1,651

124,248

7.	RELATED PARTY DISCLOSURES

The company is controlled by the director. During the year he withdrew dividends of £21,465.