Aaron Prince Consulting Limited - Period Ending 2016-08-31

Aaron Prince Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016

HCB Accountants (Sterling) Ltd
The Old Bank Chambers
27 Lincoln Croft
Shenstone
Staffordshire
WS14 0ND

Aaron Prince Consulting Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 4

Aaron Prince Consulting Limited
(Registration number: 06996571)
Abbreviated Balance Sheet at 31 August 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		665	558
Current assets
Debtors		6,433	8,175
Cash at bank and in hand		4,553	2,537
		10,986	10,712
Creditors: Amounts falling due within one year		(11,582)	(11,248)
Net current liabilities		(596)	(536)
Net assets		69	22
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		67	20
Shareholders' funds		69	22

For the year ending 31 August 2016 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 31 May 2017

.........................................
Mr Timothy Brett Prince
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Aaron Prince Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% Straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Aaron Prince Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 September 2015	3,169	3,169
Additions	470	470
At 31 August 2016	3,639	3,639
Depreciation
At 1 September 2015	2,611	2,611
Charge for the year	363	363
At 31 August 2016	2,974	2,974
Net book value
At 31 August 2016	665	665
At 31 August 2015	558	558

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		2	2		2	2

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr Timothy Brett Prince
Repaid	-	8,175	8,175	-
Advance	6,433	-	-	-

Page 3

Aaron Prince Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

	6,433	8,175	8,175	-

Page 4