AARON AMUSEMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R N Doubleday

R Powell

Mrs J Doubleday

Mrs D Powell

SECRETARY:

R Powell

REGISTERED OFFICE:

22 Union Street

Newton Abbot

Devon

TQ12 2JS

REGISTERED NUMBER:

04129035 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Tangible assets

4

279,782

292,228

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

5

14,218

20,579

Cash at bank and in hand

223,799

164,688

241,017

188,267

CREDITORS

Amounts falling due within one year

6

294,218

141,640

NET CURRENT (LIABILITIES)/ASSETS

(53,201

)

46,627

TOTAL ASSETS LESS CURRENT LIABILITIES

226,581

338,855

CREDITORS

Amounts falling due after more than one year

7

-

(135,000

)

PROVISIONS FOR LIABILITIES

(48,299

)

(48,650

)

NET ASSETS

178,282

155,205

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

177,282

154,205

SHAREHOLDERS' FUNDS

178,282

155,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 profit and loss has not been delivered.

The financial statements were approved by the Board of Directors on 7 August 2017 and were signed on its behalf by:

R N Doubleday - Director

1.	STATUTORY INFORMATION

Aaron Amusements 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

Stocks

Stocks 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 profit and loss, 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 balance sheet date.

Deferred tax

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

sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2016

26,649

786,845

39,035

852,529

Additions

-

46,105

6,996

53,101

Disposals

-

-

(10,549

)

(10,549

)

At 31 December 2016

26,649

832,950

35,482

895,081

DEPRECIATION

At 1 January 2016

-

527,411

32,890

560,301

Charge for year

-

61,108

2,901

64,009

Eliminated on disposal

-

-

(9,011

)

(9,011

)

At 31 December 2016

-

588,519

26,780

615,299

NET BOOK VALUE

At 31 December 2016

26,649

244,431

8,702

279,782

At 31 December 2015

26,649

259,434

6,145

292,228

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

14,218

20,579

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

16,037

38,540

Taxation and social security

23,519

19,337

Other creditors

254,662

83,763

294,218

141,640

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other creditors

-

135,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

800

A Ordinary

£1

800

800

200

B, C & D Ordinary

£1

200

200

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 January 2016

154,205

Profit for the year

83,077

Dividends

(60,000

)

At 31 December 2016

177,282

10.	RELATED PARTY DISCLOSURES

The company rents the business premises from the directors' pension fund.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr Robert Powell and Mr Robert Doubleday.

12.	GOING CONCERN

The accounts have been prepared under the going concern basis assuming the continued financial support of the

directors. At the date of this report, that support is continuing.