A & A HEAD LTD - Accounts

A & A HEAD LTD - Accounts

A & A HEAD LTD - Company Information

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Logo On Report
Registered Number: 10270681
England

 

 

 

A & A HEAD LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2019

End date: 30 November 2020

A & A HEAD LTD
Contents Page
For the year ended 30 November 2020
Director Antony Lee Head
Registered Number 10270681
Registered Office 1 The Bridgeway,
Portsmouth Road
Southampton
Hampshire
SO19 7PE
Accountants JSR Management & HR Consultancy Services Ltd
1 The Bridgeway
Portsmouth Road, Woolston
Southampton
SO19 7PE
1
The directors present their annual report and the financial statements for the year ended 30 November 2020.
Principal activities
Principal activity of the company during the financial year was of Vehicle, MOT Repair and Servicing Centre
Director
The director who served the company throughout the year was as follows:
Antony Lee Head
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Antony Lee Head
Director

Date approved: 01 February 2022
2
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 3 22,143    20,089 
22,143    20,089 
Current assets      
Stocks 4 4,594    3,400 
Debtors 5 17,585    15,877 
Cash at bank and in hand (8,436)   (22,700)
13,743    (3,423)
Creditors: amount falling due within one year 6 (26,429)   (39,341)
Net current liabilities (12,686)   (42,764)
 
Total assets less current liabilities 9,457    (22,675)
Creditors: amount falling due after more than one year 7 (30,000)   (1,871)
Net liabilities (20,543)   (24,546)
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (20,643)   (24,646)
Shareholder's funds (20,543)   (24,546)
 


For the year ended 30 November 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 01 February 2022 and were signed by:


--------------------------------
Antony Lee Head
Director
3
General Information
A & A HEAD LTD is a private company, limited by shares, registered in England, registration number 10270681, registration address 1 The Bridgeway, Portsmouth Road, Southampton, Hampshire, SO19 7PE

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and any trade discounts applied.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 4 Years Straight Line
Fixtures and Fittings 4 Years Straight Line
Computer Equipment 4 Years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 4 (2019 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 December 2019 6,568    -    19,973    311    26,852 
Additions 9,494    1,000    189    792    11,475 
Disposals 360    -    -    -    360 
At 30 November 2020 16,422    1,000    20,162    1,103    38,687 
Depreciation
At 01 December 2019 1,732    -    4,825    35    6,592 
Charge for year 2,640    88    7,140    84    9,952 
On disposals -    -    -    -    - 
At 30 November 2020 4,372    88    11,965    119    16,544 
Net book values
Closing balance as at 30 November 2020 12,050    912    8,197    984    22,143 
Opening balance as at 01 December 2019 4,836    -    15,148    105    20,089 


4.

Stocks

2020
£		   2019
£
Stocks 4,594    3,400 
4,594    3,400 

5.

Debtors: amounts falling due within one year

2020
£		   2019
£
Trade Debtors 4,755    12,387 
Prepayments & Accrued Income -    3,490 
Directors' Current Accounts 12,830    - 
17,585    15,877 

6.

Creditors: amount falling due within one year

2020
£		   2019
£
Trade Creditors 9,092    15,805 
Commercial Card 1,937    - 
PAYE & Social Security 2,905    2,120 
Accrued Expenses -    500 
Obligations under HP/Financial Leases (2,160)   - 
Wages & Salaries Control Account (1,131)   - 
Directors' Current Accounts -    358 
VAT 15,786    20,558 
26,429    39,341 

7.

Creditors: amount falling due after more than one year

2020
£		   2019
£
Motonovo Finance -    1,871 
Other Creditors 30,000    - 
30,000    1,871 

4