A__A_SERVICES_EUROPE_LTD_31_Mar_2020_companies_house_set_of_accounts.html
A__A_SERVICES_EUROPE_LTD_31_Mar_2020_companies_house_set_of_accounts.html
Company registration number:
Officers and Professional Advisers
Year ended 31 March 2020
| Director |
| Company secretary |
| Registered office |
| Accountant | |
| ACCOUNTANTS | |
| 21 Astwood DriveFlitwickBEDFORDBEDSMK45 1ENUnited Kingdom |
Director's Report
Year ended 31 March 2020
The director presents the report and the unaudited abridged financial statements of the company for the year ended 31 March 2020.
Directors
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 4 February 2021 and signed on behalf of the board by:
| Director |
Report to the board of directors on the preparation of the unaudited statutory financial statements of A & A SERVICES (EUROPE) LTD
Year ended 31 March 2020
As described on the abridged statement of financial position, the Board of Directors of A & A SERVICES (EUROPE) LTD are responsible for the preparation of the abridged financial statements for the year ended 31 March 2020 , which comprise the abridged income statement, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
The company is technically insolvent due to a substantial bad debt incurred in 2017. It remains reliant on the support of its bankers and the director and his family.
ACCOUNTANTS
21 Astwood DriveFlitwickBEDFORDBEDSMK45 1ENUnited Kingdom
Date:
4 February 2021
Abridged Income Statement
Year ended 31 March 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| £ | £ | |||
| Gross profit/(loss) |
|
(
|
) | |
| Administrative expenses |
(
|
) |
(
|
) |
| Operating loss |
(
|
) |
(
|
) |
| Interest payable and similar expenses |
(
|
) | - | |
| Loss before tax |
(
|
) |
(
|
) |
| Tax on loss | - | - | ||
| Loss for the financial year |
(
|
) |
(
|
) |
The company has no other recognised items of income or expense other than the results for the year as set out above.
Abridged Statement of Financial Position
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 5 |
|
|
||
| Current assets | |||||
| Debtors |
|
- | |||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: amounts falling due within one year |
(
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) |
(
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) | |
| Net current liabilities |
(
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) |
(
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) | |
| Total assets less current liabilities | (98,558 | ) | (59,428 | ) | |
| Creditors: amounts falling due after more than one year |
(
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) |
(
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) | |
| Net liabilities |
(
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) |
(
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) | |
| Capital and reserves | |||||
| Called up share capital |
|
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|||
| Profit and loss account |
(
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) |
(
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) | |
| Shareholders deficit |
(
|
) |
(
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) | |
For the year ending 31 March 2020 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These abridged financial statements were approved by the board of directors and authorised for issue on 4 February 2021 , and are signed on behalf of the board by:
| Director |
Company registration number:
4694022
Notes to the Abridged Financial Statements
Year ended 31 March 2020
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 47 BROOKFIELD ROAD , PUTNOE , BEDFORD , BEDS , MK41 9LJ , United Kingdom.
2 Statement of compliance
These abridged financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
Going concern
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Land and buildings | |
| Office equipment | |
| Motor vehicles |
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4 Average number of employees
The average number of persons employed by the company during the year was 2 (2019: 2.00 ).
5 Fixed assets
| Tangible assets | Investments | Total | ||||
|---|---|---|---|---|---|---|
| £ | £ | £ | ||||
| Cost | ||||||
| At |
|
- | 122,657 | |||
| Depreciation | ||||||
| At |
|
- | 51,299 | |||
| Charge |
|
- | 1,421 | |||
| At |
|
- | 52,720 | |||
| Carrying amount | ||||||
| At |
|
- |
|
|||
| At 31 March 2019 |
|
- |
|
|||
6 Director's advances, credit and guarantees
The director and his family have made further advances of £73,000 to the company by way of unconditional director's loan.