Registered Number 06622981


Abbreviated Accounts

31 March 2016

A.A. PERFORMANCE LIMITED Registered Number 06622981

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 1 1
Tangible assets 3 105,413 17,221
105,414 17,222
Current assets
Stocks 838,680 499,769
Debtors 31,099 116,714
Cash at bank and in hand 116,986 43,135
986,765 659,618
Creditors: amounts falling due within one year (628,510) (346,159)
Net current assets (liabilities) 358,255 313,459
Total assets less current liabilities 463,669 330,681
Total net assets (liabilities) 463,669 330,681
Capital and reserves
Called up share capital 3 3
Profit and loss account 463,666 330,678
Shareholders' funds 463,669 330,681
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 September 2016

And signed on their behalf by:
A Patel, Director

A.A. PERFORMANCE LIMITED Registered Number 06622981

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and
trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the
cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 10% straight line basis
Fixtures & Fittings 25% reducing balance basis
C omputer Equipment 25% reducing balance basis

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net
assets. It is amortised to profit and loss account over its estimated economic life.

Other accounting policies
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets
acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired
under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of
the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in
the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged
to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in
each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the
lessor are charged to profit and loss account as incurred.

Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. C ost includes all direct costs and an appropriate proportion of fixed and variable
overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and
related costs as contract activity progresses.

2Intangible fixed assets
At 1 April 2015 9,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 9,000
At 1 April 2015 8,999
Charge for the year -
On disposals -
At 31 March 2016 8,999
Net book values
At 31 March 2016 1
At 31 March 2015 1
3Tangible fixed assets
At 1 April 2015 46,412
Additions 102,500
Disposals -
Revaluations -
Transfers -
At 31 March 2016 148,912
At 1 April 2015 29,191
Charge for the year 14,308
On disposals -
At 31 March 2016 43,499
Net book values
At 31 March 2016 105,413
At 31 March 2015 17,221