REGISTERED NUMBER: 05947830 (England and Wales)

ABBREVIATED CESSATION ACCOUNTS

FOR THE PERIOD

1 OCTOBER 2011 TO 31 OCTOBER 2012

FOR

AA VALET LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

S D Melledew

Mrs K L Melledew

SECRETARY:

Mrs K L Melledew

REGISTERED OFFICE:

56 Clayhill Road

Reading

Berkshire

RG7 3HG

REGISTERED NUMBER:

05947830 (England and Wales)

ACCOUNTANTS:

Melanie Curtis Accountants Ltd

Chartered Certified Accountants

Unit 1, The Forge

Reading Road

Burghfield Common

Reading

Berkshire

RG7 3BL

FIXED ASSETS

Tangible assets

2

-

42,024

CURRENT ASSETS

Stocks

-

200

Debtors

17,963

11,772

Cash at bank

-

4,635

17,963

16,607

CREDITORS

Amounts falling due within one year

14,968

38,256

NET CURRENT ASSETS/(LIABILITIES)

2,995

(21,649

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,995

20,375

CREDITORS

Amounts falling due after more than one year

-

17,151

NET ASSETS

2,995

3,224

CAPITAL AND RESERVES

Called up share capital

3

20

20

Profit and loss account

2,975

3,204

SHAREHOLDERS' FUNDS

2,995

3,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2012.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2012 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 April 2013 and were signed on its behalf by:

S D Melledew - Director

Mrs K L Melledew - 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 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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

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 the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2011

71,172

Additions

17,338

Disposals

(88,510

)

At 31 October 2012

-

DEPRECIATION

At 1 October 2011

29,148

Eliminated on disposal

(29,148

)

At 31 October 2012

-

NET BOOK VALUE

At 31 October 2012

-

At 30 September 2011

42,024

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.10.12

30.9.11

value:

£

£

20

Share capital 1

£1

20

20

4.	RELATED PARTY DISCLOSURES

The company is under the control of its directors S Melledew and Mrs K Melledew who control 100% of

the issued ordinary share capital (2011: 100%).

At the balance sheet date a balance of £4,880 credit (2011 £9,941 (credit))existed on a loan account

with the directors.

During the period, the following transactions took place with Compass Executive Cars Ltd of which S

Melledew is a director and shareholder:

Purchases and sales were £560 (2011: £nil) and £10,016 (2011: £67,194) respectively. At the year

end, the balance owed by Compass Executive Cars Ltd was £9,456 (2011: £nil).

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of AA Valet Limited for the period ended 31 October 2012 which comprise the Profit

and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its

ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of AA Valet Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial

statements of AA Valet Limited and state those matters that we have agreed to state to the Board of Directors

of AA Valet Limited, as a body, in this report in accordance with the requirements of the Association of

Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board

of Directors, as a body, for our work or for this report.

It is your duty to ensure that AA Valet Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of AA

Valet Limited. You consider that AA Valet Limited is exempt from the statutory audit requirement for the

period.

We have not been instructed to carry out an audit or a review of the financial statements of AA Valet Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Melanie Curtis Accountants Ltd

Chartered Certified Accountants

Unit 1, The Forge

Reading Road

Burghfield Common

Reading

Berkshire

RG7 3BL

10 April 2013