A.A. PERFORMANCE LIMITED

Company Registration Number:
06622981 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

A.A. PERFORMANCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

A.A. PERFORMANCE LIMITED

Balance sheet

As at 31 March 2017


Notes

2017

2016


£

£
Fixed assets
Intangible assets: 3 1 1
Tangible assets: 4 93,884 105,413
Total fixed assets: 93,885 105,414
Current assets
Stocks: 1,025,016 838,680
Debtors:   40,943 31,099
Cash at bank and in hand: 128,683 116,986
Total current assets: 1,194,642 986,765
Creditors: amounts falling due within one year: 5 (770,537) (628,510)
Net current assets (liabilities): 424,105 358,255
Total assets less current liabilities: 517,990 463,669
Total net assets (liabilities): 517,990 463,669
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 517,987 463,666
Shareholders funds: 517,990 463,669

The notes form part of these financial statements

A.A. PERFORMANCE LIMITED

Balance sheet statements

For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 December 2017
and signed on behalf of the board by:

Name: Mr A Patel
Status: Director

The notes form part of these financial statements

A.A. PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax andtrade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off thecost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Motor Vehicles 10% straight line basisFixtures & Fittings 25% reducing balance basisC omputer Equipment 25% reducing balance basis

Intangible fixed assets and amortisation policy

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable netassets. It is amortised to profit and loss account over its estimated economic life of 10 years.

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance forobsolete and slow-moving stocks. C ost includes all direct costs and an appropriate proportion of fixed and variableoverheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover andrelated costs as contract activity progresses.

Other accounting policies

Leasing and Hire Purchase ContractsAssets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assetsacquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquiredunder hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all ofthe benefits and risks of ownership are assumed by the company. Obligations under such agreements are included inthe creditors net of the finance charge allocated to future periods. The finance element of the rental payment is chargedto the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding ineach period.Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with thelessor are charged to profit and loss account as incurred.

A.A. PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Employees

2017 2016
Average number of employees during the period 7 7

A.A. PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Intangible Assets

Total
Cost £
At 01 April 2016 9,000
At 31 March 2017 9,000
Amortisation
At 01 April 2016 8,999
At 31 March 2017 8,999
Net book value
At 31 March 2017 1
At 31 March 2016 1

A.A. PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017


4. Tangible Assets

Total
Cost £
At 01 April 2016 148,912
Additions 1,949
At 31 March 2017 150,861
Depreciation
At 01 April 2016 43,499
Charge for year 13,478
At 31 March 2017 56,977
Net book value
At 31 March 2017 93,884
At 31 March 2016 105,413

A.A. PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

5. Creditors: amounts falling due within one year note

2017 2016£ £Net obligations under finance lease and hire purchase contracts 77,979 89,468Trade creditors 60,240 58,877Bank loans and overdrafts 495,292 338,284C orporation tax 23,345 42,107Other taxes and social security 2,791 3,080VAT - 35,122Net wages 661 -Other creditors 40,500 -Accruals and deferred income 41,040 27,700Director's loan account 28,689 33,872770,537 628,510