Registered Number 06622981
A.A. PERFORMANCE LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
trade discounts.
Tangible assets depreciation policy
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
assets. It is amortised to profit and loss account over its estimated economic life.
Other accounting policies
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.
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2016 |
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Amortisation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
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At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 1 |
At 31 March 2015 | 1 |
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
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At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 105,413 |
At 31 March 2015 | 17,221 |