REGISTERED NUMBER: 04261798 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2018

for

AA BUSINESS SERVICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A A Hill

SECRETARY:

A A Hill

REGISTERED OFFICE:

c/o The Prince Regent Hotel

29 Regency Square

Brighton

BN1 2FH

REGISTERED NUMBER:

04261798 (England and Wales)

ACCOUNTANTS:

McPhersons Walpole Harding

Chartered Certified Accountants

Telecom House

125-135 Preston Road

Brighton

East Sussex

BN1 6AF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

866,529

870,865

866,529

870,865

CURRENT ASSETS

Stocks

100

100

Cash at bank

3,671

16,486

3,771

16,586

CREDITORS

Amounts falling due within one year

6

(36,307

)

(36,709

)

NET CURRENT LIABILITIES

(32,536

)

(20,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

833,993

850,742

CREDITORS

Amounts falling due after more than one year

7

(620,117

)

(621,137

)

PROVISIONS FOR LIABILITIES

-

(58

)

NET ASSETS

213,876

229,547

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

213,776

229,447

SHAREHOLDERS' FUNDS

213,876

229,547

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 February 2019 and were signed by:

A A Hill - Director

1.	STATUTORY INFORMATION

AA Business Service 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 amounts receivable for goods and services net of VAT and trade discounts.

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 each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets other than freehold land are stated at cost less depreciation.

Stocks

Stock is valued at the lower of cost and net realisable value.

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 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

52,106

AMORTISATION

At 1 August 2017

and 31 July 2018

52,106

NET BOOK VALUE

At 31 July 2018

-

At 31 July 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2017

and 31 July 2018

934,414

62,729

997,143

DEPRECIATION

At 1 August 2017

63,891

62,387

126,278

Charge for year

3,994

342

4,336

At 31 July 2018

67,885

62,729

130,614

NET BOOK VALUE

At 31 July 2018

866,529

-

866,529

At 31 July 2017

870,523

342

870,865

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Taxation and social security

20,676

24,201

Other creditors

15,631

12,508

36,307

36,709

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.7.17

£

£

Other creditors

620,117

621,137

Other loans is an unsecured loan note for £620,117 owned by the director. The loan is interest free and

repayable on demand. However, a written undertaking has been given stating that the monies will not be

withdrawn without giving the company at least one year's notice of such.

8.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr A A Hill.