REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 July 2017 |
for |
Aaron Homes Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 July 2017 |
for |
Aaron Homes Limited |
Aaron Homes Limited (Registered number: 04839219) |
Contents of the Financial Statements |
for the Year Ended 31 July 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 5 |
Aaron Homes Limited |
Company Information |
for the Year Ended 31 July 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Belfry House |
Bell Lane |
Hertford |
Hertfordshire |
SG14 1BP |
Aaron Homes Limited (Registered number: 04839219) |
Abridged Balance Sheet |
31 July 2017 |
31.7.17 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Aaron Homes Limited (Registered number: 04839219) |
Abridged Balance Sheet - continued |
31 July 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
Aaron Homes Limited (Registered number: 04839219) |
Abridged Balance Sheet - continued |
31 July 2017 |
The financial statements were approved by the director on |
Aaron Homes Limited (Registered number: 04839219) |
Notes to the Financial Statements |
for the Year Ended 31 July 2017 |
1. | STATUTORY INFORMATION |
Aaron Homes Limited is a |
registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Goodwill |
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 |
Plant and machinery | - |
Motor vehicles | - |
Office equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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 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. |
Aaron Homes Limited (Registered number: 04839219) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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. |
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. |
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 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 August 2016 |
and 31 July 2017 |
AMORTISATION |
At 1 August 2016 |
and 31 July 2017 |
NET BOOK VALUE |
At 31 July 2017 |
At 31 July 2016 |
Aaron Homes Limited (Registered number: 04839219) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 August 2016 |
Additions |
At 31 July 2017 |
DEPRECIATION |
At 1 August 2016 |
Charge for year |
At 31 July 2017 |
NET BOOK VALUE |
At 31 July 2017 |
At 31 July 2016 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
Additions | 100 |
At 31 July 2017 | 100 |
NET BOOK VALUE |
At 31 July 2017 | 100 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Belfry House, Bell Lane, Hertford SG14 1BP |
Nature of business: |
% |
Class of shares: | holding |
31.7.17 |
£ |
Aggregate capital and reserves |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.7.17 | 31.7.16 |
£ | £ |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
Aaron Homes Limited (Registered number: 04839219) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.7.17 | 31.7.16 |
£ | £ |
Bank loans |
The bank loan is secured by way of a charge over the property known as 57a Cowper Road, Harpenden, |
Hertfordshire by way of fixed charge the benefits of all covenants and rights concerning the property and plant |
machinery, fixtures fittings, furniture equipment, implements and utensils, the goodwill of any business carried |
on at the property and the proceeds of any insurance affecting the property or assets. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.17 | 31.7.16 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
'A' shares | £1 | 100 | 100 |
'B' shares | £1 | 100 | 100 |
300 | 300 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 August 2016 |
Deficit for the year | ( |
) |
Dividends | ( |
) |
At 31 July 2017 |
11. | RELATED PARTY DISCLOSURES |
S J Ledwidge and S A Ledwidge are related parties to the company. The company distributed dividends of |
£15,000 (2016, £60,000) to the shareholders for the year. The balance due to the director at the year end was |
£324,515 (2016, £278,595). |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |