AE ENTERPRISE (UK 1) LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10927138 (England and Wales)

Financial Statements

for the Period 22nd August 2017 to 31st August 2018

for

AE ENTERPRISE (UK 1) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M S SHAIKH

SECRETARY:

REGISTERED OFFICE:

732 WALSALL ROAD

GREAT BARR

BIRMINGHAM

West Midlands

B42 1EX

REGISTERED NUMBER:

10927138 (England and Wales)

ACCOUNTANT:

A K & Co Accountants

732 Walsall Road

Great Barr

Birmingham

West Midlands

B42 1EX

FIXED ASSETS

Property, plant and equipment

3

6,729

CURRENT ASSETS

Debtors

4

785

Cash at bank and in hand

10,745

11,530

CREDITORS

Amounts falling due within one year

5

5,211

NET CURRENT ASSETS

6,319

TOTAL ASSETS LESS CURRENT LIABILITIES

13,048

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

12,948

SHAREHOLDERS' FUNDS

13,048

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 14th April 2019 and were signed by:

M S SHAIKH - Director

1.	STATUTORY INFORMATION

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

Turnover

Revenue 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.

Fixtures and fittings 15% pa on reducing balance

Motor vehicle 25% pa on reducing balance

Taxation

Taxation for the period 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.

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 period 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.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

Additions

8,799

At 31st August 2018

8,799

DEPRECIATION

Charge for period

2,070

At 31st August 2018

2,070

NET BOOK VALUE

At 31st August 2018

6,729

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

785

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

1,458

Other creditors

3,753

5,211