IRIS Accounts Production v17.3.0.1062 06851258 Board of Directors Board of Directors 1.4.16 31.3.17 31.3.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure068512582016-03-31068512582017-03-31068512582016-04-012017-03-31068512582015-03-31068512582015-04-012016-03-31068512582016-03-3106851258ns15:EnglandWales2016-04-012017-03-3106851258ns14:PoundSterling2016-04-012017-03-3106851258ns10:Director12016-04-012017-03-3106851258ns10:Director22016-04-012017-03-3106851258ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3106851258ns10:SmallEntities2016-04-012017-03-3106851258ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3106851258ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3106851258ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3106851258ns10:AbridgedAccounts2016-04-012017-03-3106851258ns10:RegisteredOffice2016-04-012017-03-3106851258ns5:CurrentFinancialInstruments2017-03-3106851258ns5:CurrentFinancialInstruments2016-03-3106851258ns5:Non-currentFinancialInstruments2017-03-3106851258ns5:Non-currentFinancialInstruments2016-03-3106851258ns5:ShareCapital2017-03-3106851258ns5:ShareCapital2016-03-3106851258ns5:RetainedEarningsAccumulatedLosses2017-03-3106851258ns5:RetainedEarningsAccumulatedLosses2016-03-3106851258ns5:PlantMachinery2016-04-012017-03-3106851258ns5:FurnitureFittings2016-04-012017-03-3106851258ns5:ComputerEquipment2016-04-012017-03-31


REGISTERED NUMBER: 06851258 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2017

for

AAB Joinery Limited
AAB Joinery Limited (Registered number: 06851258)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AAB Joinery Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: Mr. A McDowall
Mr. B Read





REGISTERED OFFICE: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR





REGISTERED NUMBER: 06851258 (England and Wales)





ACCOUNTANTS: A4G LLP
Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR
Page 1
AAB Joinery Limited (Registered number: 06851258)

Abridged Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,455 30,858

CURRENT ASSETS
Stocks 9,030 8,751
Debtors 134,391 66,760
Cash at bank and in hand 1,499 334
144,920 75,845
CREDITORS
Amounts falling due within one year 164,618 106,603
NET CURRENT LIABILITIES (19,698 ) (30,758 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
11,757
100

CREDITORS
Amounts falling due after more than one
year
952
-
NET ASSETS 10,805 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,705 -
SHAREHOLDERS' FUNDS 10,805 100

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 directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
AAB Joinery Limited (Registered number: 06851258)

Abridged Balance Sheet - continued
31 March 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16 November 2017 and were signed on its behalf
by:




Mr. A McDowall - Director



Mr. B Read - Director


The notes form part of these financial statements

Page 3
AAB Joinery Limited (Registered number: 06851258)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

AAB Joinery Limited is a private company, limited by shares , registered in England and Wales. 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 represents net invoiced sale of carpentry services and goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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 6 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016 56,799
Additions 17,512
Disposals (12,123 )
At 31 March 2017 62,188
DEPRECIATION
At 1 April 2016 25,942
Charge for year 5,744
Eliminated on disposal (953 )
At 31 March 2017 30,733
NET BOOK VALUE
At 31 March 2017 31,455
At 31 March 2016 30,857

Page 4 continued...
AAB Joinery Limited (Registered number: 06851258)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 15,345
Disposals (10,695 )
At 31 March 2017 4,650
DEPRECIATION
Charge for year 2,441
At 31 March 2017 2,441
NET BOOK VALUE
At 31 March 2017 2,209

5. RELATED PARTY DISCLOSURES

During the year Mr A McDowell, a director of the company, received dividends of £34,000 (2016: £18,388).

Also during the year, Mr B Read, a director of the company, received dividends of £34,000 (2016: £18,388).

During the year the director, Mr A McDowell , made loans of £6,666 (2016: £5,069) to the company. This
therefore leaves total loans owed to the director, Mr A McDowell, at the year end of £25,970 (2016: £19,304)
held under creditors due within one year. The loan is made to the company interest free and is repayable on
demand.

During the year the director, Mr B Read , made loans of £5,066 (2016: £3,806) to the company. This therefore
leaves total loans owed to the director, Mr B Read, at the year end of £18,768 (2016: £14,868) held under
creditors due within one year. The loan is made to the company interest free and is repayable on demand.

6. ULTIMATE CONTROLLING PARTY

During the year the company was under the joint control of Mr A McDowell and Mr B Read by virtue of their shareholdings .

Page 5