A & A Automatics Limited - Filleted accounts

Registered number

04381685

A & A Automatics Limited

Filleted Accounts

28 February 2018

A & A Automatics Limited
Registered number:		04381685
Balance Sheet
as at 28 February 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	2		298,460			271,686

Current assets
Stocks		58,775			60,315
Debtors	3	390,764			341,155
Cash at bank and in hand		128,835			63,395
		578,374			464,865

Creditors: amounts falling due within one year	4	(383,758)			(428,058)

Net current assets			194,616			36,807

Total assets less current liabilities			493,076			308,493

Creditors: amounts falling due after more than one year	5		(145,359)			(138,162)

Provisions for liabilities			(16,025)			(12,525)


Net assets			331,692			157,806

Capital and reserves
Called up share capital			100			100
Profit and loss account			331,592			157,706

Shareholders' funds			331,692			157,806

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.




Mr A Davies
Director
Approved by the board on 23 November 2018

A & A Automatics Limited
Notes to the Accounts
for the year ended 28 February 2018


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:

	Freehold buildings			over 50 years
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2017	192,291		59,177		100,012		351,480
	Additions	-		896		71,675		72,571
	Disposals	-		-		(16,750)		(16,750)
	At 28 February 2018	192,291		60,073		154,937		407,301

	Depreciation
	At 1 March 2017	-		34,499		45,295		79,794
	Charge for the year	-		7,063		38,734		45,797
	On disposals	-		-		(16,750)		(16,750)
	At 28 February 2018	-		41,562		67,279		108,841

	Net book value
	At 28 February 2018	192,291		18,511		87,658		298,460
	At 28 February 2017	192,291		24,678		54,717		271,686


3	Debtors					2018		2017
£							£

	Trade debtors					390,264		339,448
	Other debtors					500		1,707
						390,764		341,155


4	Creditors: amounts falling due within one year					2018		2017
£							£

	Bank loans and overdrafts					-		38,000
	Trade creditors					290,750		351,175
	Corporation tax					45,079		9,312
	Other taxes and social security costs					47,723		29,567
	Other creditors					206		4
						383,758		428,058


5	Creditors: amounts falling due after one year					2018		2017
£							£

	Bank loans					145,359		138,162


6	Other information

	A & A Automatics Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 4c
	Stafford Park 15
	Telford
	Shropshire
	TF3 3BB