Abbreviated Company Accounts - AAKHAN & SONS LTD

Registered Number 07262661

AAKHAN & SONS LTD

Abbreviated Accounts

31 March 2015

AAKHAN & SONS LTD Registered Number 07262661

Abbreviated Balance Sheet as at 31 March 2015

	Notes	31/03/2015	31/05/2014
		£	£
Fixed assets
Tangible assets	2	428,018	277,574
Investments	3	20,000	20,000
		448,018	297,574
Current assets
Debtors		32,659	-
Cash at bank and in hand		56,156	149,270
		88,815	149,270
Creditors: amounts falling due within one year		(110,507)	(38,462)
Net current assets (liabilities)		(21,692)	110,808
Total assets less current liabilities		426,326	408,382
Creditors: amounts falling due after more than one year		(174,420)	(174,420)
Total net assets (liabilities)		251,906	233,962
Capital and reserves
Called up share capital		100	100
Profit and loss account		251,806	233,862
Shareholders' funds		251,906	233,962

For the year ending 31 March 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 October 2015

And signed on their behalf by:
Anwar Ali Khan, Director

AAKHAN & SONS LTD Registered Number 07262661

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sale made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows:
Land and buildings -
Fixtures, fittings
and equipment - 20% written down value
Motor vehicles - 20% written down value

2Tangible fixed assets

	£
Cost
At 1 June 2014	315,219
Additions	159,111
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	474,330
Depreciation
At 1 June 2014	37,645
Charge for the year	8,667
On disposals	-
At 31 March 2015	46,312
Net book values
At 31 March 2015	428,018
At 31 May 2014	277,574

3Fixed assets Investments
Fixes assets investments are stated at cost less provision for permanent diminution in value.