Company Registration No. 02921110 (England and Wales)
AAI LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
AAI LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AAI LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
38,456
2,474
Current assets
Debtors
869,401
1,037,818
Cash at bank and in hand
821,553
590,138
1,690,954
1,627,956
Creditors: amounts falling due within one year
3
(1,379,862)
(1,325,589)
Net current assets
311,092
302,367
Total assets less current liabilities
349,548
304,841
Creditors: amounts falling due after more than one year
4
(26,708)
-
322,840
304,841
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
322,740
304,741
Shareholders' funds
322,840
304,841
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 December 2016
P A Tuck
Director
Company Registration No. 02921110
AAI LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Straight Line over life of lease
Fixtures, fittings & equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
1.5
Revenue recognition
Revenue from Freight Carrying is recognised on the delivery of the freight.
5
Tangible fixed assets
Land and buildings Leasehold
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2015
2,455
117,930
-
120,385
Additions
-
-
43,920
43,920
At 31 March 2016
2,455
117,930
43,920
164,305
Depreciation
At 1 April 2015
2,454
115,457
-
117,911
Charge for the year
-
618
7,320
7,938
At 31 March 2016
2,454
116,075
7,320
125,849
Net book value
At 31 March 2016
1
1,855
36,600
38,456
At 31 March 2015
1
2,473
-
2,474
AAI LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £236,140 (2015 - £359,961).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £26,708 (2015 - £0).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100