REGISTERED NUMBER: 03814042 (England and Wales)

AAC Business Consultancy Limited

Unaudited Financial Statements

for the Year Ended 31 August 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M Elshout

A J L Litchfield

SECRETARY:

A J L Litchfield

REGISTERED OFFICE:

The Bull Pen

5 Churchill Heath Farm

Kingham

Chipping Norton

Oxfordshire

OX7 6UJ

REGISTERED NUMBER:

03814042 (England and Wales)

ACCOUNTANTS:

Haines Watts

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

BANKERS:

Lloyds Bank PLC

114-116 Colmore Row

Birmingham

B3 3BD

CURRENT ASSETS

Debtors

4

179,127

209,195

Cash at bank

13,279

25,294

192,406

234,489

CREDITORS

Amounts falling due within one year

5

1,226

2,319

NET CURRENT ASSETS

191,180

232,170

TOTAL ASSETS LESS CURRENT LIABILITIES

191,180

232,170

CAPITAL AND RESERVES

Called up share capital

6

39,256

39,256

Share premium

1,553

1,553

Capital redemption reserve

11,581

11,581

Retained earnings

138,790

179,780

SHAREHOLDERS' FUNDS

191,180

232,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 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 26 March 2019 and were signed on its behalf by:

A M Elshout - Director

1.	STATUTORY INFORMATION

AAC Business Consultancy 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Deferred tax

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Other debtors

113,925

115,445

Amounts falling due after more than one year:

Other debtors

65,202

93,750

Aggregate amounts

179,127

209,195

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

993

Taxation and social security

26

126

Other creditors

1,200

1,200

1,226

2,319

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

39,256

Ordinary

£1

39,256

39,256

7.	RELATED PARTY DISCLOSURES

At the balance sheet date non-commercial loans totalling £75,600 (2017: £75,600) were owed to the company.

These loans are repayable on demand and are non interest bearing.