| AAJ ENTERPRISES LIMITED |
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| BALANCE SHEET |
| AS AT 31 May 2016 |
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Notes |
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2016 |
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2015 |
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£ |
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£ |
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| CURRENT ASSETS |
| Debtors |
17,212 |
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20,225 |
| Cash at bank and in hand |
202 |
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685 |
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17,414 |
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20,910 |
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| CREDITORS: Amounts falling due |
16,701 |
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20,319 |
| within one year |
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| NET CURRENT ASSETS |
713 |
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591 |
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| NET ASSETS |
713 |
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591 |
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| CAPITAL AND RESERVES |
| Called up share capital |
2 |
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100 |
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100 |
| Profit and loss account |
613 |
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491 |
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| SHAREHOLDER'S FUNDS |
713 |
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591 |
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| These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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| For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| Signed on behalf of the board |
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| Mr AA Jamieson |
| Director |
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| Date approved by the board: 28 February 2017 |
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| AAJ ENTERPRISES LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2016 |
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| 1 |
STATEMENT OF ACCOUNTING POLICIES |
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Accounting convention |
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The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
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Turnover represents the value of business consultancy services rendered. |
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Turnover is recognised as contract activity progresses, in accordance with the terms of the contractual agreement and the stage of completion of the work. The amount of revenue reflects the partial performance of the company's contractual obligations. Where recorded turnover exceeds amounts invoiced to clients, the excess is classified as income. |
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Financial instruments |
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Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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| 2 |
SHARE CAPITAL |
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Nominal value |
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Number |
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2016 |
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2015 |
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£ |
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£ |
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£ |
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Allotted, called up and fully paid: |
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Ordinary shares |
1 |
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100 |
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100 |
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100 |
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| 3 |
DIRECTOR'S TRANSACTIONS |
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The company made an advance to the director during the year. The following amount was due to the company at the year end: |
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2016 |
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2015 |
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£ |
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£ |
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Mr AA Jamieson |
13,081 |
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15,747 |
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The maximum amount due to the company from the director during the year was as follows: |
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2016 |
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2015 |
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£ |
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£ |
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Mr AA Jamieson |
17,350 |
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26,097 |
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