AAA Supply Limited Filleted accounts for Companies House (small and micro)
AAA Supply Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
01873788
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FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2019
Contents |
Page |
Officers and professional advisers |
1 |
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
5 |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
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Company secretary |
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Registered office |
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Accountants |
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Chartered accountants |
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Hanover Buildings |
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11-13 Hanover Street |
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Liverpool |
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L1 3DN |
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CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
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YEAR ENDED 31 MARCH 2019
Hanover Buildings
11-13 Hanover Street
Liverpool
L1 3DN
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STATEMENT OF FINANCIAL POSITION |
2019 |
2018 |
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Note |
£ |
£ |
FIXED ASSETS
Tangible assets |
5 |
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CURRENT ASSETS
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
8 |
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PROVISIONS
Taxation including deferred tax |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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STATEMENT OF FINANCIAL POSITION (continued) |
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
8 August 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
01873788
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2019
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, L1 3DN.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Corporation tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
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£
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Plant & machinery |
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Fixtures & fittings |
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Motor vehicles |
- |
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Equipment |
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Investment property
Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Provisions
Financial instruments
Defined contribution plans
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
21
(2018:
25
).
5.
TANGIBLE ASSETS
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Apr 2018 |
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Additions |
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At 31 Mar 2019 |
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Depreciation |
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At 1 Apr 2018 |
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Charge for the year |
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At 31 Mar 2019 |
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Carrying amount |
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At 31 Mar 2019 |
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– |
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At 31 Mar 2018 |
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Included in 'Freehold Property' are investment properties with a cost of £212,440.
These investment properties were revalued on an open market value basis by Albany Property Services, professional valuers, on 31 March 2009 at a valuation of £300,000. The directors believe this value to be a true representation of the fair value of the investment properties as at 31 March 2019.
6.
DEBTORS
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 |
2018 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
CREDITORS:
AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 |
2018 |
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£ |
£ |
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Other creditors |
– |
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9.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
10.
RELATED PARTY TRANSACTIONS
The following related party transactions were undertaken during the year: No dividends were paid to the directors in respect of their shareholding during the current or previous year. The aggregate remuneration paid to key management personnel for the year was £147,819 (2018: £231,551). During the period directors received advances of £77,628 (2018: £90,708) and introduced capital of £141,932 (2018: £87,376). At the balance sheet date the amount owed to the directors totalled £82,507 (2018: 18,203). No interest is charged on the directors' loan account. During the year a company under common control, paid insurance on behalf of the company amounting to £1,685 (2018: £1,641), and received advances of £50. The balance owing to the company from the connected company at the year end was £63 (2018: Amount due to the company £1,698). No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
11.
TOTAL PROFIT AND LOSS RESERVES
2019 |
2018 |
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£ |
£ |
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Profit and loss distributable reserves |
1,409,653 |
1,349,610 |
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Profit and loss non-distributable reserves |
89,160 |
89,160 |
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1,498,813 |
1,438,770 |
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