ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

AAA COMMODITY CONSULTING LTD - Company Information

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Registered number: 08442278









AAA COMMODITY CONSULTING LTD








ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015
 
AAA COMMODITY CONSULTING LTD
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AAA COMMODITY CONSULTING LTD
FOR THE YEAR ENDED 31 MARCH 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AAA Commodity Consulting Ltd for the year ended 31 March 2015 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 to us.
 

As a 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/regulations.


This report is made solely to the director of AAA Commodity Consulting Ltd in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of AAA Commodity Consulting Ltd and state those matters that we have agreed to state to the director of AAA Commodity Consulting Ltd 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 AAA Commodity Consulting Ltd and its director for our work or for this report.
 
 
It is your duty to ensure that AAA Commodity Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that AAA Commodity Consulting Ltd is exempt from the statutory audit requirement for the year.
 
 





Ashon
Chartered Accountants
Sental House
66 Waldeck Road
Strand on the Green
London
W4 3NU

20 October 2015
Page 1
 
AAA COMMODITY CONSULTING LTD
REGISTERED NUMBER: 08442278

ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
339
678
 
CURRENT ASSETS





 
Debtors
3
17,244
33,409

 
Cash at bank

40,481
23,683







 
57,725
57,092
 
CREDITORS: amounts falling due within one year
(57,106)
(55,387)
 
NET CURRENT ASSETS


619

1,705
 
NET ASSETS
 958

 2,383
  
CAPITAL AND RESERVES

 
Called up share capital
4
100
100
 
Profit and loss account
858
2,283
 
SHAREHOLDERS' FUNDS
 

 958

 2,383


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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 20 October 2015.






Mr Mahulkumar RAVAL
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2
 
AAA COMMODITY CONSULTING LTD
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.

1.3
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment
-
33.33% Straight line basis


2.TANGIBLE FIXED ASSETS



£


Cost 



At 1 April 2014 and 31 March 2015

1,017



Depreciation


At 1 April 2014
339

Charge for the year
339


At 31 March 2015

678




Net book value


At 31 March 2015
 339


At 31 March 2014

 678

 
3.DEBTORS
 

Included within other debtors due within one year is a loan to Mr M Raval, a director, amounting to £12,335  (2014 - £). 

 
Page 3
 
AAA COMMODITY CONSULTING LTD
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

4.SHARE CAPITAL

        2015
        2014
        £

        £

Allotted, called up and fully paid



100 Ordinary shares of £1 each
 100
 100

Page 4