REGISTERED NUMBER: 04873254 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2017

for

A C Aerials & Digital Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

A P Carroll

Mrs C A Carroll

SECRETARY:

Mrs C A Carroll

REGISTERED OFFICE:

341 Shaw Road

Royton

Oldham

Lancashire

OL2 6DY

REGISTERED NUMBER:

04873254 (England and Wales)

ACCOUNTANTS:

Gazzard Accounts Limited

33 Acresfield Road

Middleton

Manchester

Lancashire

M24 2WT

The directors present their report with the financial statements of the company for the year ended 31 August 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of supply, sales, and repair

of home entertainment equipment.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2016

to the date of this report.

A P Carroll

Mrs C A Carroll

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

A P Carroll - Director

25 May 2018

TURNOVER

59,860

44,538

Cost of sales

39,999

33,574

GROSS PROFIT

19,861

10,964

Administrative expenses

15,682

15,551

4,179

(4,587

)

Other operating income

3,360

8,458

OPERATING PROFIT

2

7,539

3,871

Interest payable and similar charges

19

-

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

7,520

3,871

Tax on profit on ordinary activities

3

-

-

PROFIT FOR THE FINANCIAL YEAR

7,520

3,871

FIXED ASSETS

Tangible assets

4

4,049

3,742

CURRENT ASSETS

Debtors

5

2,000

900

Prepayments and accrued income

-

5,000

Cash at bank and in hand

10,464

(643

)

12,464

5,257

CREDITORS

Amounts falling due within one year

6

16,993

17,428

NET CURRENT LIABILITIES

(4,529

)

(12,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(480

)

(8,429

)

CREDITORS

Amounts falling due after more than one year

7

4,105

3,676

NET LIABILITIES

(4,585

)

(12,105

)

RESERVES

Profit and loss account

9

(4,585

)

(12,105

)

SHAREHOLDERS' FUNDS

(4,585

)

(12,105

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 25 May 2018 and were signed on its behalf by:

A P Carroll - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.8.17

31.8.16

£

£

Formation costs

13

13

Directors' remuneration and other benefits etc

21,474

19,882

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended

31 August 2017 nor for the year ended 31 August 2016.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

12,193

Additions

307

At 31 August 2017

12,500

DEPRECIATION

At 1 September 2016

and 31 August 2017

8,451

NET BOOK VALUE

At 31 August 2017

4,049

At 31 August 2016

3,742

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

2,000

900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

369

933

Other creditors

16,624

16,495

16,993

17,428

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Finance leases

4,105

3,676

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

£

100

Ordinary B

1.00

-

-

10

Ordinary B

1.00

-

-

-

-

9.

RESERVES

Profit

and loss

account

£

At 1 September 2016

(12,105

)

Profit for the year

7,520

At 31 August 2017

(4,585

)