Company Registration No. 01773803 (England and Wales)
A.A.DESIGN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
A.A.DESIGN LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
A.A.DESIGN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
105,816
130,569
Cash at bank and in hand
42,715
9,060
148,531
139,629
Creditors: amounts falling due within one year
(39,126)
(48,243)
Total assets less current liabilities
109,405
91,386
Capital and reserves
Called up share capital
2
5,000
5,000
Profit and loss account
104,405
86,386
Shareholders' funds
109,405
91,386
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 October 2015
Mr A R Thompson
Director
Company Registration No. 01773803
A.A.DESIGN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Property improvements
20% straight line
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Pensions
The pension costs charged in the financial statements represent the contributions payable by the company during the year in accordance with FRSSE (April 2008).
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
5,000 ordinary shares of £1 each
5,000
5,000
3
Ultimate parent company
The company is under the control of A A Design (Holdings) Limited which owns 52% of the issued share capital.