REGISTERED NUMBER: 05042945 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

AAC Weston Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R Weston

P D Weston

SECRETARY:

R Weston

REGISTERED OFFICE:

Factory 1

Pottery Close

Winterstoke Road

Weston Super Mare

North Somerset

BS23 3YH

REGISTERED NUMBER:

05042945 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

16,073

21,441

16,073

21,441

CURRENT ASSETS

Inventories

61,867

60,316

Debtors

6

181,139

165,710

Cash at bank and in hand

397,081

283,369

640,087

509,395

CREDITORS

Amounts falling due within one year

7

224,623

183,391

NET CURRENT ASSETS

415,464

326,004

TOTAL ASSETS LESS CURRENT LIABILITIES

431,537

347,445

PROVISIONS FOR LIABILITIES

3,034

4,351

NET ASSETS

428,503

343,094

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

428,501

343,092

SHAREHOLDERS' FUNDS

428,503

343,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 August 2017 and were signed on its behalf by:

P D Weston - Director

1.	STATUTORY INFORMATION

AAC Weston Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for

goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

43,000

AMORTISATION

At 1 April 2016

and 31 March 2017

43,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

19,244

29,145

11,506

59,895

DEPRECIATION

At 1 April 2016

16,780

11,754

9,920

38,454

Charge for year

493

4,348

527

5,368

At 31 March 2017

17,273

16,102

10,447

43,822

NET BOOK VALUE

At 31 March 2017

1,971

13,043

1,059

16,073

At 31 March 2016

2,464

17,391

1,586

21,441

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

180,813

165,400

Other debtors

326

310

181,139

165,710

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

134,473

107,737

Taxation and social security

55,297

35,745

Other creditors

34,853

39,909

224,623

183,391

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,000 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY