Company Registration No. 11076935 (England and Wales)
AAA Oriental Limited
Unaudited accounts
for the period from 1 November 2020 to 31 July 2021
AAA Oriental Limited
Unaudited accounts
Contents
AAA Oriental Limited
Company Information
for the period from 1 November 2020 to 31 July 2021
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
AAA Oriental Limited
Statement of financial position
as at 31 July 2021
Tangible assets
65,498
25,834
Inventories
569,084
602,883
Cash at bank and in hand
45,209
59,296
Creditors: amounts falling due within one year
(1,355,309)
(1,261,036)
Net current assets/(liabilities)
44,867
(75,792)
Net assets/(liabilities)
110,365
(49,958)
Called up share capital
100
100
Profit and loss account
110,265
(50,058)
Shareholders' funds
110,365
(49,958)
For the period ending 31 July 2021 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 20 September 2021 and were signed on its behalf by
Ajay Sandhu
Director
Company Registration No. 11076935
AAA Oriental Limited
Notes to the Accounts
for the period from 1 November 2020 to 31 July 2021
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
33.33% reducing balance
Motor vehicles
33.33% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
AAA Oriental Limited
Notes to the Accounts
for the period from 1 November 2020 to 31 July 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2020
3,000
40,000
43,000
Additions
8,793
52,700
61,493
At 31 July 2021
11,793
92,700
104,493
At 1 November 2020
500
16,666
17,166
Charge for the period
2,823
19,006
21,829
At 31 July 2021
3,323
35,672
38,995
At 31 July 2021
8,470
57,028
65,498
At 31 October 2020
2,500
23,334
25,834
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
33,335
23,334
Raw materials
569,084
602,883
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
696,020
437,899
Accrued income and prepayments
51,397
31,056
Other debtors
22,552
45,834
7
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
60,504
-
Trade creditors
1,133,790
984,328
Taxes and social security
21,606
61,264
Loans from directors
139,409
211,624
AAA Oriental Limited
Notes to the Accounts
for the period from 1 November 2020 to 31 July 2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the period the average number of employees was 21 (2020: 20).
