AAA ORIENTAL LIMITED

AAA ORIENTAL LIMITED

AAA ORIENTAL LIMITED - Company Information

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1 May 2018 false Taxfiler 2020.15 11076935business:PrivateLimitedCompanyLtd2018-05-012019-10-31 110769352018-04-30 110769352018-05-012019-10-31 11076935business:AuditExemptWithAccountantsReport2018-05-012019-10-31 11076935business:FullAccounts2018-05-012019-10-31 110769352019-10-31 11076935business:Director12018-05-012019-10-31 11076935business:Director22018-05-012019-10-31 11076935business:RegisteredOffice2018-05-012019-10-31 11076935core:WithinOneYear2019-10-31 11076935core:AfterOneYear2019-10-31 11076935core:ShareCapital2019-10-31 11076935core:RetainedEarningsAccumulatedLosses2019-10-31 11076935business:SmallEntities2018-05-012019-10-31 11076935countries:EnglandWales2018-05-012019-10-31 11076935core:MotorVehicles2018-05-012019-10-31 11076935core:MotorVehicles2018-04-30 11076935core:MotorVehicles2019-10-31 11076935business:OrdinaryShareClass12018-05-012019-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11076935 (England and Wales)
AAA ORIENTAL LIMITED Unaudited accounts for the period from 1 May 2018 to 31 October 2019
AAA ORIENTAL LIMITED Unaudited accounts Contents
Page
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AAA ORIENTAL LIMITED Company Information for the period from 1 May 2018 to 31 October 2019
Directors
Ajay Sandhu Rashpal Sandhu
Company Number
11076935 (England and Wales)
Registered Office
UNIT B , HOTON STORES WYMESWOLD ROAD HOTON LOUGHBOROUGH LEICESTERSHIRE LE12 5SN ENGLAND
Accountants
Taylor Accountancy Services 2 Lynmoor Court Hucknall Nottingham NG15 8FT
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AAA ORIENTAL LIMITED Statement of financial position as at 31 October 2019
2019 
Notes
£ 
Fixed assets
Tangible assets
4
36,667 
Current assets
Inventories
5
95,905 
Debtors
6
472,423 
Cash at bank and in hand
361 
568,689 
Creditors: amounts falling due within one year
7
(681,877)
Net current liabilities
(113,188)
Total assets less current liabilities
(76,521)
Creditors: amounts falling due after more than one year
8
(100,000)
Net liabilities
(176,521)
Capital and reserves
Called up share capital
9
100 
Profit and loss account
(176,621)
Shareholders' funds
(176,521)
For the period ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 January 2021 and were signed on its behalf by
Ajay Sandhu Director Company Registration No. 11076935
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AAA ORIENTAL LIMITED Notes to the Accounts for the period from 1 May 2018 to 31 October 2019
1
Statutory information
AAA ORIENTAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11076935. The registered office is UNIT B , HOTON STORES WYMESWOLD ROAD, HOTON, LOUGHBOROUGH, LEICESTERSHIRE, LE12 5SN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
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AAA ORIENTAL LIMITED Notes to the Accounts for the period from 1 May 2018 to 31 October 2019
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2018
- 
Additions
40,000 
At 31 October 2019
40,000 
Depreciation
Charge for the period
3,333 
At 31 October 2019
3,333 
Net book value
At 31 October 2019
36,667 
5
Inventories
2019 
£ 
Raw materials
95,905 
95,905 
6
Debtors
2019 
£ 
VAT
16,686 
Trade debtors
418,503 
Accrued income and prepayments
26,151 
Other debtors
11,083 
472,423 
7
Creditors: amounts falling due within one year
2019 
£ 
Trade creditors
572,538 
Loans from directors
107,589 
Accruals
1,750 
681,877 
8
Creditors: amounts falling due after more than one year
2019 
£ 
Other creditors
100,000 
9
Share capital
2019 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
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AAA ORIENTAL LIMITED Notes to the Accounts for the period from 1 May 2018 to 31 October 2019
10
Average number of employees
During the period the average number of employees was 12.
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