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Report of the Director and |
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Financial Statements for the Year Ended 31 October 2017 |
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Aog Support Structures (Uk) Ltd. |
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REGISTERED NUMBER:
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Report of the Director and |
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Financial Statements for the Year Ended 31 October 2017 |
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for |
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Aog Support Structures (Uk) Ltd. |
Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Contents of the Financial Statements |
for the Year Ended 31 October 2017 |
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Company Information | 1 |
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Report of the Director | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Statement of Changes in Equity | 5 |
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Notes to the Financial Statements | 6 |
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Reconciliation of Equity | 9 |
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Reconciliation of Profit | 11 |
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Aog Support Structures (Uk) Ltd. |
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Company Information |
for the Year Ended 31 October 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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65a High Street |
Stevenage |
Hertfordshire |
SG1 3AQ |
Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Report of the Director |
for the Year Ended 31 October 2017 |
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The director presents his report with the financial statements of the company for the year ended 31 October 2017. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of manufacturing support structures and |
transporting of aircraft engines. |
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DIRECTOR |
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His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows: |
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31.10.17 | 1.11.16 |
ordinary shares of £1 each | 1 | 1 |
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He did not hold any non-beneficial interests in the shares of the company. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Income Statement |
for the Year Ended 31 October 2017 |
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2017 | 2016 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales | ( |
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GROSS PROFIT |
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Administrative expenses | ( |
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OPERATING PROFIT | 4 |
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Interest payable and similar expenses | ( |
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PROFIT BEFORE TAXATION |
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Tax on profit | 5 | ( |
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PROFIT FOR THE FINANCIAL YEAR |
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Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Balance Sheet |
31 October 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
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CURRENT ASSETS |
Debtors | 8 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 9 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 10 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Retained earnings | 12 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Statement of Changes in Equity |
for the Year Ended 31 October 2017 |
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Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
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Balance at 1 November 2015 |
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Changes in equity |
Dividends | - | ( |
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Total comprehensive income | - |
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Balance at 31 October 2016 |
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Changes in equity |
Dividends | - | ( |
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Total comprehensive income | - |
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Balance at 31 October 2017 |
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Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Notes to the Financial Statements |
for the Year Ended 31 October 2017 |
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1. | STATUTORY INFORMATION |
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Aog Support Structures (Uk) Ltd. is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Equipment | - |
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Motor vehicles | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL. |
Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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4. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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2017 | 2016 |
£ | £ |
Depreciation - owned assets |
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5. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
2017 | 2016 |
£ | £ |
Current tax: |
UK corporation tax |
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Tax on profit |
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6. | DIVIDENDS |
2017 | 2016 |
£ | £ |
Final |
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7. | TANGIBLE FIXED ASSETS |
Motor |
Equipment | vehicles | Totals |
£ | £ | £ |
COST |
At 1 November 2016 |
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Additions |
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At 31 October 2017 |
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DEPRECIATION |
At 1 November 2016 |
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Charge for year |
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At 31 October 2017 |
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NET BOOK VALUE |
At 31 October 2017 |
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At 31 October 2016 |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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10. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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ordinary | £1 | 2 | 2 |
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12. | RESERVES |
Retained |
earnings |
£ |
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At 1 November 2016 |
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Profit for the year |
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Dividends | ( |
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At 31 October 2017 |
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13. | FIRST YEAR ADOPTION |
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The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention |
and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1st |
November 2016. |
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Reconciliation of equity |
No transitional adjustments were required. |
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Reconciliation of profit or loss for the year |
No transitional adjustments were required. |
Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Reconciliation of Equity |
1 November 2015 |
(Date of Transition to FRS 102) |
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Effect of |
UK | transition |
GAAP | to FRS 102 | FRS 102 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 1 | 29,400 |
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29,400 |
CURRENT ASSETS |
Debtors | 2 | 20,447 |
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20,447 |
Cash at bank | 3 | 32,176 |
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32,176 |
52,623 |
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52,623 |
CREDITORS |
Amounts falling due within one year | 4 | (24,857 | ) |
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(24,857 | ) |
NET CURRENT ASSETS | 27,766 |
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27,766 |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
57,166 |
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57,166 |
NET ASSETS | 57,166 |
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57,166 |
CAPITAL AND RESERVES |
Called up share capital | 5 | 2 |
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Retained earnings | 6 | 57,164 |
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57,164 |
SHAREHOLDERS' FUNDS | 57,166 |
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57,166 |
Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Reconciliation of Equity - continued |
31 October 2016 |
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Effect of |
UK | transition |
GAAP | to FRS 102 | FRS 102 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 1 | 46,332 |
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46,332 |
CURRENT ASSETS |
Debtors | 2 | 22,531 |
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22,531 |
Cash at bank | 3 | 26,335 |
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26,335 |
48,866 |
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48,866 |
CREDITORS |
Amounts falling due within one year | 4 | (27,342 | ) |
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(27,342 | ) |
NET CURRENT ASSETS | 21,524 |
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21,524 |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
67,856 |
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67,856 |
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CREDITORS |
Amounts falling due after more than one year | (8,595 | ) |
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(8,595 | ) |
NET ASSETS | 59,261 |
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59,261 |
CAPITAL AND RESERVES |
Called up share capital | 5 | 2 |
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2 |
Retained earnings | 6 | 59,259 |
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59,259 |
SHAREHOLDERS' FUNDS | 59,261 |
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59,261 |
Aog Support Structures (Uk) Ltd. (Registered number: 02650907) |
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Reconciliation of Profit |
for the Year Ended 31 October 2016 |
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Effect of |
UK | transition |
GAAP | to FRS 102 | FRS 102 |
£ | £ | £ |
TURNOVER | 312,405 |
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312,405 |
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Cost of sales | (37,509 | ) |
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(37,509 | ) |
GROSS PROFIT | 274,896 |
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274,896 |
Administrative expenses | (224,776 | ) |
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(224,776 | ) |
OPERATING PROFIT | 50,120 |
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50,120 |
Interest payable and similar expenses | (700 | ) |
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(700 | ) |
PROFIT BEFORE TAXATION | 49,420 |
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49,420 |
Tax on profit | (6,325 | ) |
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(6,325 | ) |
PROFIT FOR THE FINANCIAL YEAR | 43,095 |
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43,095 |