REGISTERED NUMBER: SC364166 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 August 2013

for

AA Retail Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

A Akram

SECRETARY:

REGISTERED OFFICE:

Unit 94 The Centre

Almondvale Centre

Amondvale South

Livingston

EH54 6HR

REGISTERED NUMBER:

SC364166 (Scotland)

ACCOUNTANTS:

Tax Link

17 Wellgate Street

Larkhall

Lanarkshire

ML9 2AG

The director presents his report with the financial statements of the company for the year ended 31 August 2013.

INCORPORATION

The company was incorporated on 18 August 2009 and commenced trading on 1 September 2009.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of General newsagents

DIRECTOR

A Akram held office during the whole of the period from 1 September 2012 to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

A Akram - Director

24 October 2014

TURNOVER

1,010,076

Cost of sales

872,412

GROSS PROFIT

137,664

Distribution costs

100

Administrative expenses

132,942

133,042

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

4,622

Tax on profit on ordinary activities

3

1,163

PROFIT FOR THE FINANCIAL YEAR

3,459

FIXED ASSETS

Tangible assets

4

11,431

CURRENT ASSETS

Stocks

33,640

Debtors

5

3,489

Cash at bank

776

37,905

CREDITORS

Amounts falling due within one year

6

1,750

NET CURRENT ASSETS

36,155

TOTAL ASSETS LESS CURRENT LIABILITIES

47,586

CAPITAL AND RESERVES

Called up share capital

7

2

Profit and loss account

8

47,584

SHAREHOLDERS' FUNDS

47,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 24 October 2014 and were signed by:

A Akram - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

3,810

Director's remuneration and other benefits etc

15,994

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

£

Current tax:

UK corporation tax

1,163

Tax on profit on ordinary activities

1,163

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2012

and 31 August 2013

26,004

DEPRECIATION

At 1 September 2012

10,763

Charge for year

3,810

At 31 August 2013

14,573

NET BOOK VALUE

At 31 August 2013

11,431

At 31 August 2012

15,241

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

3,489

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

1,163

Other creditors

587

1,750

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

8.

RESERVES

Profit

and loss

account

£

At 1 September 2012

44,125

Profit for the year

3,459

At 31 August 2013

47,584