AJ Options Ltd - Period Ending 2016-08-31

Registration number: SC229017

AJ Options Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

AIMS Accountants for Business
12 Ravenshall
Cleland
Motherwell
ML1 5HT

AJ Options Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

AJ Options Ltd
(Registration number: SC229017)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,148			2,176
Current assets
Stocks					5,800			6,700
Debtors					5,519			8,706
Cash at bank and in hand					31,062			21,082
					42,381			36,488
Creditors: Amounts falling due within one year					(33,479)			(29,888)
Net current assets					8,902			6,600
Total assets less current liabilities					11,050			8,776
Provisions for liabilities					(430)			(436)
Net assets					10,620			8,340
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					10,618			8,338
Shareholders' funds					10,620			8,340

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

AJ Options Ltd
(Registration number: SC229017)
Abbreviated Balance Sheet at 31 August 2016
......... continued

For the year ending 31 August 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 October 2016 and signed on its behalf by:

.........................................
Mr Alexander Hush
Director

.........................................
Mrs Jennifer Ferguson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

AJ Options Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 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, excluding value added tax, in respect of the provision of 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
Improvements to property	10% on cost
Fixtures and fittings	25% on cost
Computer Equipment	33% on cost

Work in progress

Work in progress is valued at the lower of cost and net realisable value, Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

Page 3

AJ Options Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		16,091			16,091
At 31 August 2016		16,091			16,091
Depreciation
At 1 September 2015		13,915			13,915
Charge for the year		28			28
At 31 August 2016		13,943			13,943
Net book value
At 31 August 2016		2,148			2,148
At 31 August 2015		2,176			2,176

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

Page 4