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REGISTERED NUMBER: 03212967 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

AA JONES ELECTRIC LIMITED

AA JONES ELECTRIC LIMITED (REGISTERED NUMBER: 03212967)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AA JONES ELECTRIC LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2017







DIRECTORS: I Wayman
A O Moore
N D Jennings
A Moulds





REGISTERED OFFICE: Unit H, Venture Business Park
Witty Street
Hull
HU3 4TT





REGISTERED NUMBER: 03212967 (England and Wales)





ACCOUNTANTS: Sowerby FRS LLP
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

AA JONES ELECTRIC LIMITED (REGISTERED NUMBER: 03212967)

BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,750 11,750
Tangible assets 5 101,517 98,435
110,267 110,185

CURRENT ASSETS
Stocks 540,412 575,896
Debtors 6 1,873,992 1,923,285
Cash in hand 300 300
2,414,704 2,499,481
CREDITORS
Amounts falling due within one year 7 1,294,161 1,408,375
NET CURRENT ASSETS 1,120,543 1,091,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,230,810

1,201,291

CREDITORS
Amounts falling due after more than one
year

8

(44,534

)

(45,788

)

PROVISIONS FOR LIABILITIES (12,147 ) (15,302 )
NET ASSETS 1,174,129 1,140,201

CAPITAL AND RESERVES
Called up share capital 60,002 60,002
Retained earnings 1,114,127 1,080,199
SHAREHOLDERS' FUNDS 1,174,129 1,140,201

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.

AA JONES ELECTRIC LIMITED (REGISTERED NUMBER: 03212967)

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.

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 5 October 2017 and were signed on its behalf by:




A O Moore - Director



I Wayman - Director


AA JONES ELECTRIC LIMITED (REGISTERED NUMBER: 03212967)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

AA Jones Electric Limited is a company incorporated and domiciled in England and has its registered office and
principle place of business at Unit H, Venture Business Park, Witty Street, Hull, HU3 4TT

The principal activity of the Company is an electrical wholesalers.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the
going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material
uncertainties related to events or conditions that may cast significant doubt about the ability of the company to
continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received
or receivable. Turnover excludes value added tax and trade discounts. Turnover is recognised at point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, was originally being
amortised evenly over its estimated useful life of twenty years. On transition to FRS 102 the remaining estimated
useful life is five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - over the period of the lease
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


AA JONES ELECTRIC LIMITED (REGISTERED NUMBER: 03212967)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017


2. ACCOUNTING POLICIES - continued
Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2016 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 60,000
AMORTISATION
At 1 April 2016 48,250
Charge for year 3,000
At 31 March 2017 51,250
NET BOOK VALUE
At 31 March 2017 8,750
At 31 March 2016 11,750

AA JONES ELECTRIC LIMITED (REGISTERED NUMBER: 03212967)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2016 26,958 225,042 252,000
Additions 7,905 27,834 35,739
At 31 March 2017 34,863 252,876 287,739
DEPRECIATION
At 1 April 2016 25,425 128,140 153,565
Charge for year 460 32,197 32,657
At 31 March 2017 25,885 160,337 186,222
NET BOOK VALUE
At 31 March 2017 8,978 92,539 101,517
At 31 March 2016 1,533 96,902 98,435

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

Plant and
machinery
etc
£   
COST
At 1 April 2016
and 31 March 2017 61,365
DEPRECIATION
At 1 April 2016 4,837
Charge for year 15,341
At 31 March 2017 20,178
NET BOOK VALUE
At 31 March 2017 41,187
At 31 March 2016 56,528

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 681,445 756,423
Amounts owed by group undertakings 1,140,258 1,121,986
Amounts owed by related parties 23,200 28,222
Other debtors 29,089 16,654
1,873,992 1,923,285

AA JONES ELECTRIC LIMITED (REGISTERED NUMBER: 03212967)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 2,740 17,212
Hire purchase contracts 15,911 10,480
Trade creditors 653,328 718,605
Taxation and social security 94,436 99,506
Other creditors 527,746 562,572
1,294,161 1,408,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Hire purchase contracts 44,534 45,788

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 2,740 17,212
Hire purchase contracts 60,445 56,268
63,185 73,480

10. RELATED PARTY DISCLOSURES

The company has paid a dividend to it's parent company during the year amounting to £52,000 (2016 £Nil).
Included in Debtors due within one year is an amount due from the company's parent company amounting to
£1,140,258 ( 2016 £1,121,986).

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Alphase UK Limited which has the same registered address and principle place
of business as AA Jones Electric Limited.