AJ'S Training Ltd - Period Ending 2016-03-31

Registration number: 06928980

AJ'S Training Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Howard and Co
Monkhurst House Offices
Sandy Cross Lane
Heathfield
East Sussex
TN21 8QR

AJ'S Training Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
AJ'S Training Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AJ'S Training Ltd for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising 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/membershandbook.

It is your duty to ensure that AJ'S Training Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AJ'S Training Ltd. You consider that AJ'S Training Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AJ'S Training Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Howard and Co
Monkhurst House Offices
Sandy Cross Lane
Heathfield
East Sussex
TN21 8QR

3 December 2016

Page 1

AJ'S Training Ltd
(Registration number: 06928980)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					7,758			3,454
Current assets
Debtors					50,122			9,776
Cash at bank and in hand					8,951			343
					59,073			10,119
Creditors: Amounts falling due within one year					(44,609)			(12,709)
Net current assets/(liabilities)					14,464			(2,590)
Total assets less current liabilities					22,222			864
Creditors: Amounts falling due after more than one year					(2,471)			-
Provisions for liabilities					(1,552)			(691)
Net assets					18,199			173
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					18,099			73
Shareholders' funds					18,199			173

For the year ending 31 March 2016 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 3 December 2016 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

AJ'S Training Ltd
(Registration number: 06928980)
Abbreviated Balance Sheet at 31 March 2016
......... continued

.........................................
AJ Williams
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

AJ'S Training Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33.33% on reducing balance
Tools and equipment	15% on reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

AJ'S Training Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		8,133			8,133
Additions		7,843			7,843
At 31 March 2016		15,976			15,976
Depreciation
At 1 April 2015		4,679			4,679
Charge for the year		3,539			3,539
At 31 March 2016		8,218			8,218
Net book value
At 31 March 2016		7,758			7,758
At 31 March 2015		3,454			3,454

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 5