Aerostocks (2015) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09702227 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2019

FOR

AEROSTOCKS (2015) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Bowditch

Mrs J Bowditch

REGISTERED OFFICE:

162-164 High Street

Rayleigh

Essex

SS6 7BS

REGISTERED NUMBER:

09702227 (England and Wales)

ACCOUNTANTS:

ESW Chartered Accountants

162-164 High Street

Rayleigh

Essex

SS6 7BS

FIXED ASSETS

Tangible assets

4

420

111

CURRENT ASSETS

Stocks

35,470

33,257

Debtors

5

16,175

29,866

Cash at bank and in hand

19,187

19,106

70,832

82,229

CREDITORS

Amounts falling due within one year

6

(17,604

)

(37,461

)

NET CURRENT ASSETS

53,228

44,768

TOTAL ASSETS LESS CURRENT LIABILITIES

53,648

44,879

PROVISIONS FOR LIABILITIES

7

(80

)

(21

)

NET ASSETS

53,568

44,858

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

53,468

44,758

SHAREHOLDERS' FUNDS

53,568

44,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1st October 2019 and were signed on its behalf by:

T Bowditch - Director

Mrs J Bowditch - Director

1.	STATUTORY INFORMATION

Aerostocks (2015) 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

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.

Computer equipment

-

33% 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st August 2018

247

Additions

516

At 31st July 2019

763

DEPRECIATION

At 1st August 2018

136

Charge for year

207

At 31st July 2019

343

NET BOOK VALUE

At 31st July 2019

420

At 31st July 2018

111

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

15,364

29,866

Other debtors

811

-

16,175

29,866

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

6,136

6,353

Taxation and social security

3,401

14,632

Other creditors

8,067

16,476

17,604

37,461

7.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

80

21

Deferred

tax

£

Balance at 1st August 2018

21

Accelerated capital allowances

59

Balance at 31st July 2019

80

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1.00

100

100

9.

RESERVES

Retained

earnings

£

At 1st August 2018

44,758

Profit for the year

12,710

Dividends

(4,000

)

At 31st July 2019

53,468

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2018 - £10,000) were paid to the directors .

Other creditors include an amount due to the directors, amounting to £5,866 (2018 £14,276) at the balance sheet

date.