AAI_FORWARDING_LIMITED - Accounts

AAI FORWARDING LIMITED - Company Information

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Company Registration No. 05562840 (England and Wales)

AAI FORWARDING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

AAI FORWARDING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AAI FORWARDING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

817

1,089

Current assets

Debtors

289,761

310,943

Cash at bank and in hand

129,035

110,383

418,796

421,326

Creditors: amounts falling due within one year

(362,784)

(335,231)

Net current assets

56,012

86,095

Total assets less current liabilities

56,829

87,184

Capital and reserves

Called up share capital

Profit and loss account

56,827

87,182

Shareholders' funds

56,829

87,184

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 June 2016

S Daines

Director

Company Registration No. 05562840

AAI FORWARDING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Reducing Balance

1.5

Revenue recognition

Fee income represents revenue earned under a wide variety of contracts to provide freight services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Tangible fixed assets

Fixtures, fittings & equipment

Cost

At 1 October 2014 & at 30 September 2015

2,227

Depreciation

At 1 October 2014

1,138

Charge for the year

272

At 30 September 2015

1,410

Net book value

At 30 September 2015

817

At 30 September 2014

1,089

AAI FORWARDING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary Shares of £1 each