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REGISTERED NUMBER: 02863940 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2017

for

AAV Limited

AAV Limited (Registered number: 02863940)






Contents of the Financial Statements
for the Year Ended 31st July 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AAV Limited

Company Information
for the Year Ended 31st July 2017







Directors: M Andrews
T Jones





Registered office: 121 Lower Richmond Road
Putney
London
SW15 1EX





Registered number: 02863940 (England and Wales)





Accountants: Anova
Chartered Accountants
Anova House
Wickhurst Lane
Broadbridge Heath
Horsham
West Sussex
RH12 3LZ

AAV Limited (Registered number: 02863940)

Balance Sheet
31st July 2017

2017 2016
Notes £    £    £    £   
Fixed assets
Tangible assets 4 33,083 42,333

Current assets
Stocks 26,500 500
Debtors 5 1,341 5,961
Cash at bank 4,665 42
32,506 6,503
Creditors
Amounts falling due within one year 6 110,660 72,422
Net current liabilities (78,154 ) (65,919 )
Total assets less current liabilities (45,071 ) (23,586 )

Creditors
Amounts falling due after more than one
year

7

105,278

108,728
Net liabilities (150,349 ) (132,314 )

Capital and reserves
Called up share capital 10,000 10,000
Retained earnings (160,349 ) (142,314 )
Shareholders' funds (150,349 ) (132,314 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

AAV Limited (Registered number: 02863940)

Balance Sheet - continued
31st July 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 24th January 2018 and were signed on its behalf
by:





M Andrews - Director


AAV Limited (Registered number: 02863940)

Notes to the Financial Statements
for the Year Ended 31st July 2017

1. Statutory information

AAV 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 sales of electrical goods and rentals received from the hiring of audio visual equipment.

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
Motor vehicles - 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.

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.

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.

3. Employees and directors

The average number of employees during the year was 2 .

AAV Limited (Registered number: 02863940)

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

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1st August 2016
and 31st July 2017 39,381 29,945 69,326
Depreciation
At 1st August 2016 16,343 10,650 26,993
Charge for year 1,962 7,288 9,250
At 31st July 2017 18,305 17,938 36,243
Net book value
At 31st July 2017 21,076 12,007 33,083
At 31st July 2016 23,038 19,295 42,333

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1st August 2016
and 31st July 2017 29,945
Depreciation
At 1st August 2016 10,650
Charge for year 7,288
At 31st July 2017 17,938
Net book value
At 31st July 2017 12,007
At 31st July 2016 19,295

5. Debtors: amounts falling due within one year
2017 2016
£    £   
Trade debtors 1,341 5,961

6. Creditors: amounts falling due within one year
2017 2016
£    £   
Bank loans and overdrafts - 9,634
Trade creditors 22,877 -
Social security and other taxes 220 2,122
Short term directors loan 86,138 59,241
Accrued expenses 1,425 1,425
110,660 72,422

AAV Limited (Registered number: 02863940)

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

7. Creditors: amounts falling due after more than one year
2017 2016
£    £   
Loan from B Lawson 9,431 9,431
Hire purchase contracts 10,350 13,800
Lawsons properties ltd 85,497 85,497
105,278 108,728

8. Going concern basis

The director reports that as the company is continuing to trade at a cash surplus and as there is no immediate
requirement to settle its long term obligations, he believes that the going concern basis of accounting is
appropriate.