ACCOUNTS - Final Accounts preparation

AA CONSEIL LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282false2022-03-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08405195 2022-03-01 2023-02-28 08405195 2021-03-01 2022-02-28 08405195 2023-02-28 08405195 2022-02-28 08405195 c:Director1 2022-03-01 2023-02-28 08405195 d:FurnitureFittings 2022-03-01 2023-02-28 08405195 d:FurnitureFittings 2023-02-28 08405195 d:FurnitureFittings 2022-02-28 08405195 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08405195 d:CurrentFinancialInstruments 2023-02-28 08405195 d:CurrentFinancialInstruments 2022-02-28 08405195 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08405195 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08405195 d:ShareCapital 2023-02-28 08405195 d:ShareCapital 2022-02-28 08405195 d:RetainedEarningsAccumulatedLosses 2023-02-28 08405195 d:RetainedEarningsAccumulatedLosses 2022-02-28 08405195 c:OrdinaryShareClass1 2022-03-01 2023-02-28 08405195 c:OrdinaryShareClass1 2023-02-28 08405195 c:OrdinaryShareClass1 2022-02-28 08405195 c:FRS102 2022-03-01 2023-02-28 08405195 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 08405195 c:FullAccounts 2022-03-01 2023-02-28 08405195 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08405195

AA CONSEIL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

AA CONSEIL LIMITED

REGISTERED NUMBER: 08405195

BALANCE SHEET

AS AT 28 FEBRUARY 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		8,665		-
			8,665		-
Current assets
Debtors: amounts falling due within one year	5	37,026		26,738
Bank and cash balances		209,786		132,809
		246,812		159,547
Creditors: amounts falling due within one year	6	(451,130)		(470,298)
Net current liabilities			(204,318)		(310,751)
Total assets less current liabilities			(195,653)		(310,751)

Net liabilities			(195,653)		(310,751)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(195,654)	(310,752)
		(195,653)	(310,751)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A Afflelou

Director

Date: 8 September 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

AA CONSEIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

1.	General information

AA Conseil Limited is a limited liability company incorporated in England and Wales. The address of its registered office is 11 Cromwell Place, London, SW7 2JN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

As shown by the financial statements the liabilities of the company exceed its assets and the company meets its day to day working capital requirements through financial support from the director. The loan from the director to the company will not be called in by the director until the company has sufficient funds to repay the loan.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for services supplied during the year, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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AA CONSEIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings

15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

AA CONSEIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	Additions	10,194
	At 28 February 2023	10,194
	Depreciation
	Charge for the year on owned assets	1,529
	At 28 February 2023	1,529
	Net book value
	At 28 February 2023	8,665
	At 28 February 2022	-

Page 4

AA CONSEIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

Debtors

					2023	2022
					£	£


Other debtors	37,026	26,619
Prepayments and accrued income	-	119
	37,026	26,738

6.	Creditors: amounts falling due within one year
		2023	2022
		£	£

Trade creditors	491	64,908
Other creditors	449,189	402,210
Accruals and deferred income	1,450	3,180
	451,130	470,298

7.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

1 (2022 - 1) Ordinary share share of £1.00	1	1

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £514 (2022: £1,320).
No contributions were outstanding in the current or prior year.

9.	Related party transactions
	At the balance sheet date, the company owed £389,189 (2022: £402,210) to its director, A Afflelou.

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