Arien Distribution Limited - Limited company - abbreviated

REGISTERED NUMBER: 03853002 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

ARIEN DISTRIBUTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Y T Ahmed

T Mahmood

REGISTERED OFFICE:

Arien House

John Street

Rochdale

Lancashire

OL16 2HP

REGISTERED NUMBER:

03853002 (England and Wales)

ACCOUNTANTS:

Wyatt, Morris, Golland Ltd

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Tangible assets

2

20,920

24,200

CURRENT ASSETS

Stocks

312,000

425,833

Debtors

15,274

13,872

Cash in hand

6,112

2,293

333,386

441,998

CREDITORS

Amounts falling due within one year

3

279,036

308,802

NET CURRENT ASSETS

54,350

133,196

TOTAL ASSETS LESS CURRENT
LIABILITIES

75,270

157,396

PROVISIONS FOR LIABILITIES

2,715

3,048

NET ASSETS

72,555

154,348

CAPITAL AND RESERVES

Called up share capital

4

3

Profit and loss account

72,552

154,345

SHAREHOLDERS' FUNDS

72,555

154,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 April 2014 and were signed on its behalf by:

Y T Ahmed - 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 goods, 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

The motor vehicles depreciation policy is to depreciate monthly from date of acquisition up to the date of

disposal.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

83,220

Additions

2,483

At 31 December 2013

85,703

DEPRECIATION

At 1 January 2013

59,020

Charge for year

5,763

At 31 December 2013

64,783

NET BOOK VALUE

At 31 December 2013

20,920

At 31 December 2012

24,200

3.

CREDITORS

Creditors include an amount of £ 144,118 (2012 - £ 138,223 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

3

Ordinary

£1

3

5.	RELATED PARTY DISCLOSURES

The company occupies the premises which are owned by the partnership Arien Refrigeration which is jointly

owned by the directors Y. T. Ahmed, T. Mahmood and R. A .Arien (a former director). The company paid rent

to the partnership of £86,105 (2011-£86,105) during the year.

6.	ULTIMATE CONTROLLING PARTY

The directors Mr Tariq Mahmood and Mr Yusuf Tamir Ahmed control the company by virtue of the fact that

they own equally two thirds of the issued share capital of the company.

Arien Distribution Limited - Limited company - abbreviated - 11.0.0

Arien Distribution Limited - Limited company - abbreviated - 11.0.0