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REGISTERED NUMBER: 04629685 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

AAJ SANKEY SET CONSTRUCTION LIMITED

AAJ SANKEY SET CONSTRUCTION LIMITED (REGISTERED NUMBER: 04629685)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AAJ SANKEY SET CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTORS: A A J Sankey
Mrs S M Sankey





REGISTERED OFFICE: 250 Hendon Way
London
NW4 3NL





REGISTERED NUMBER: 04629685 (England and Wales)





ACCOUNTANTS: Harford Michaels Kaye Limited
Chartered Certified Accountants
250 Hendon Way
London
NW4 3NL

AAJ SANKEY SET CONSTRUCTION LIMITED (REGISTERED NUMBER: 04629685)

BALANCE SHEET
31 JANUARY 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,445 27,260
Investment property 5 380,632 380,632
401,077 407,892

CURRENT ASSETS
Debtors 6 15,829 31,629
Investments 7 100,077 100,077
Cash at bank 216,795 73,110
332,701 204,816
CREDITORS
Amounts falling due within one year 8 (76,951 ) (92,466 )
NET CURRENT ASSETS 255,750 112,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,827

520,242

PROVISIONS FOR LIABILITIES 10 (3,917 ) (5,452 )
NET ASSETS 652,910 514,790

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 652,810 514,690
SHAREHOLDERS' FUNDS 652,910 514,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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.

AAJ SANKEY SET CONSTRUCTION LIMITED (REGISTERED NUMBER: 04629685)

BALANCE SHEET - continued
31 JANUARY 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 2 October 2018 and were signed on its behalf by:





Mrs S M Sankey - Director


AAJ SANKEY SET CONSTRUCTION LIMITED (REGISTERED NUMBER: 04629685)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

1. STATUTORY INFORMATION

AAJ Sankey Set Construction 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work
carried out in respect of services provided to customers.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment properties are properties held to earn rental income and/ or capital appreciation. Investment properties
are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an
open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the
fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in
which they arise.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank
loans and directors loans.

Directors loans (being repayable on demand), are measured at the undiscounted amount of the cash or other
consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in the Statement of Income and Retained Earnings.

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 balance sheet date.


AAJ SANKEY SET CONSTRUCTION LIMITED (REGISTERED NUMBER: 04629685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

2. ACCOUNTING POLICIES - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the
balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where
material, provisions are calculated on a discounted basis.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to
changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2017
and 31 January 2018 26,832 27,860 54,692
DEPRECIATION
At 1 February 2017 20,423 7,009 27,432
Charge for year 1,602 5,213 6,815
At 31 January 2018 22,025 12,222 34,247
NET BOOK VALUE
At 31 January 2018 4,807 15,638 20,445
At 31 January 2017 6,409 20,851 27,260

AAJ SANKEY SET CONSTRUCTION LIMITED (REGISTERED NUMBER: 04629685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2017
and 31 January 2018 380,632
NET BOOK VALUE
At 31 January 2018 380,632
At 31 January 2017 380,632

Fair value at 31 January 2018 is represented by:

£   
Valuation in 2016 17,102
Valuation in 2017 15,632
Cost 347,898
380,632

If the investment property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 347,898 347,898

The investment property was valued on an open market basis on 31 January 2016 by Fortnam, Smith & Banwell .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 14,745 31,629
Other debtors 1,084 -
15,829 31,629

7. CURRENT ASSET INVESTMENTS
2018 2017
£    £   
Unlisted investments 100,077 100,077

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 76,703 39,022
Other creditors 248 53,444
76,951 92,466

AAJ SANKEY SET CONSTRUCTION LIMITED (REGISTERED NUMBER: 04629685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

9. FINANCIAL INSTRUMENTS

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank
loans and directors loans.

Directors loans (being repayable on demand), are measured at the undiscounted amount of the cash or other
consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in the Statement of Income and Retained Earnings.

10. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax
Accelerated capital allowances 3,917 5,452

Deferred
tax
£   
Balance at 1 February 2017 5,452
Credit to Income Statement during year (1,535 )
Balance at 31 January 2018 3,917

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 February 2017 514,690
Profit for the year 163,120
Dividends (25,000 )
At 31 January 2018 652,810

£32,734 of the reserves are not distributable as they arise out of unrealised gains from the revaluation of the
investment property. The distributable reserves amount to £620,076.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 were paid to the directors .

As at the balance sheet date the company owed the directors A A J Sankey £127 (2017-£26,725) and S M Sankey
£121 (2017-£26,719).

AAJ SANKEY SET CONSTRUCTION LIMITED (REGISTERED NUMBER: 04629685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are A A J Sankey and S M Sankey by virtue of their joint 100% shareholding in
the company.

15. UNLISTED INVESTMENTS

Unlisted investments are measured at cost less impairment. If objective evidence of impairment is found, an
impairment loss is recognised in the Statement of Income and Retained Earnings