REGISTERED NUMBER: 07048939 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2017

for

AAD Gas Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Dobson

REGISTERED OFFICE:

Unit 1

Ashton Farm

4 High Street

Rotherham

South Yorkshire

S66 7AL

REGISTERED NUMBER:

07048939 (England and Wales)

FIXED ASSETS

Tangible assets

4

12,236

16,647

CURRENT ASSETS

Stocks

5

1,650

3,240

Debtors

6

2,979

9,272

Cash at bank

5,349

524

9,978

13,036

CREDITORS

Amounts falling due within one year

7

11,418

14,122

NET CURRENT LIABILITIES

(1,440

)

(1,086

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,796

15,561

CREDITORS

Amounts falling due after more than one year

8

11,799

15,239

NET (LIABILITIES)/ASSETS

(1,003

)

322

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

(1,004

)

321

SHAREHOLDERS' FUNDS

(1,003

)

322

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 26 May 2017 and were signed by:

Mr A Dobson - Director

1.	STATUTORY INFORMATION

AAD Gas Ltd 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 net invoiced sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

50% on reducing balance

Motor vehicles

-

20% 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 statement of financial position date.

Deferred tax

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

statement of financial position 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 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2016

and 31 January 2017

1,667

23,603

250

25,520

DEPRECIATION

At 1 February 2016

1,574

7,149

150

8,873

Charge for year

46

4,315

50

4,411

At 31 January 2017

1,620

11,464

200

13,284

NET BOOK VALUE

At 31 January 2017

47

12,139

50

12,236

At 31 January 2016

93

16,454

100

16,647

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

Motor

vehicles

£

COST

At 1 February 2016

and 31 January 2017

25,618

DEPRECIATION

At 1 February 2016

5,124

Charge for year

4,315

At 31 January 2017

9,439

NET BOOK VALUE

At 31 January 2017

16,179

At 31 January 2016

20,494

5.

STOCKS

31.1.17

31.1.16

£

£

Stocks

1,650

3,240

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

1,134

4,857

Other debtors

-

501

Directors' current accounts

1,845

-

VAT

-

3,914

2,979

9,272

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Hire purchase contracts

3,440

3,440

Trade creditors

6,041

7,306

Social security and other taxes

350

-

VAT

59

-

Other creditors

-

655

Directors' current accounts

-

1,802

Deferred income

1,528

919

11,418

14,122

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

31.1.16

£

£

Hire purchase contracts

11,799

15,239

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.17

31.1.16

£

£

Hire purchase contracts

15,239

18,679

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.17

31.1.16

value:

£

£

1

Ordinary

£1

1

1

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director received dividends of £Nil (2016: £2,500).

12.	RELATED PARTY DISCLOSURES

Included in debtors: amounts falling due within one year is £1,845 (2016: £1,802 creditor) in respect of a loan

from the director. The loan is interest free with no fixed repayment terms.

13.	ULTIMATE CONTROLLING PARTY

The company is controlled by its director.