AA Salt Holdings Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03735252 (England and Wales)

AA SALT HOLDINGS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTOR:

Mrs N J Rogers

REGISTERED OFFICE:

Goldcliff

Church Lane

Whittington

Worcester

Worcestershire

WR5 2RQ

REGISTERED NUMBER:

03735252 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

National Westminster Bank Plc

1 The Cross

Worcester

Worcestershire

WR1 3PR

FIXED ASSETS

Tangible assets

2

61,878

58,662

Investments

3

30,000

30,000

Investment property

4

306,781

140,390

398,659

229,052

CURRENT ASSETS

Debtors

117,937

79,334

Cash at bank

4,327

82,573

122,264

161,907

CREDITORS

Amounts falling due within one year

5

126,322

88,531

NET CURRENT (LIABILITIES)/ASSETS

(4,058

)

73,376

TOTAL ASSETS LESS CURRENT LIABILITIES

394,601

302,428

CREDITORS

Amounts falling due after more than one year

5

128,125

-

NET ASSETS

266,476

302,428

CAPITAL AND RESERVES

Called up share capital

6

200

200

Profit and loss account

266,276

302,228

SHAREHOLDERS' FUNDS

266,476

302,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8th July 2014 and were signed by:

Mrs N J Rogers - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Nil

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

No depreciation is provided on improvements to property. Accordingly in the opinion of the director any element

of depreciation would be immaterial and no provision has been made, as the residual value would be in excess of

cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

In accordance with FRSSE (effective April 2008) paragraph 6.50, no depreciation or amortisation is provided in

respect of investment properties.

This treatment may be a departure from the requirements of the Companies Act 2006 concerning depreciation of

fixed assets. However, these properties are not held for consumption but for investment and the director

considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is

therefore necessary for the accounts to give a true and fair view.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

74,732

Additions

23,513

At 31st March 2014

98,245

DEPRECIATION

At 1st April 2013

16,070

Charge for year

20,297

At 31st March 2014

36,367

NET BOOK VALUE

At 31st March 2014

61,878

At 31st March 2013

58,662

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st April 2013

and 31st March 2014

30,000

NET BOOK VALUE

At 31st March 2014

30,000

At 31st March 2013

30,000

The company's investments at the balance sheet date in the share capital of companies include the following:

Associated company

A A Salt Services Limited

Nature of business: Salt spreading

%

Class of shares:

holding

Ordinary A

50.00

Ordinary B

100.00

2014

2013

£

£

Aggregate capital and reserves

12,656

11,226

Profit for the year

21,430

68,151

4.	INVESTMENT PROPERTY

Total

£

COST

At 1st April 2013

140,390

Additions

166,391

At 31st March 2014

306,781

NET BOOK VALUE

At 31st March 2014

306,781

At 31st March 2013

140,390

5.

CREDITORS

Creditors include an amount of £ 148,625 for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

46,125

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of AA Salt Holdings Limited for the year ended 31st March 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of AA Salt Holdings Limited in accordance with our terms of engagement. Our

work has been undertaken solely to prepare for your approval the financial statements of AA Salt Holdings Limited and

state those matters that we have agreed to state to the director of AA Salt Holdings Limited in this report in accordance

with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that AA Salt Holdings Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AA Salt

Holdings Limited. You consider that AA Salt Holdings Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of AA Salt Holdings Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

8th July 2014