Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
A.A.C.Holdings Limited
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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 Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
A.A.C.Holdings Limited
for the Year Ended 31 October 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A.A.C.Holdings Limited for the year ended 31 October 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 Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of A.A.C.Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A.A.C.Holdings Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.A.C.Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A.A.C.Holdings Limited 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 A.A.C.Holdings Limited. You consider that A.A.C.Holdings Limited 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 A.A.C.Holdings Limited. 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.
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R & A BURNS LIMITED
Chartered Certified Accountants
181-183 Summer Road
Erdington
Birmingham
B23 6DX
9 May 2017
A.A.C.Holdings Limited
(Registration number: 03213209)
Abbreviated Balance Sheet at 31 October 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
2
A.A.C.Holdings Limited
(Registration number: 03213209)
Abbreviated Balance Sheet at 31 October 2016
......... continued
.........................................
Mrs. L.J. Bromage
Director
3
A.A.C.Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Accounting policies |
Basis of preparation
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 |
Leasehold Property |
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Fixed asset investments
Current asset investments
Hire purchase and leasing
Financial instruments
Pensions
Other creditors falling due after more than one year are amounts owed to the subsidiary company A.A.C.(Road Markings) Limited.
The bank borrowings are secured by a debenture.
The shares in subsidiary company represent a 76% holding in A.A.C (Road Markings) Limited.
A.A.C.Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Fixed assets |
Tangible assets
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Investments
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Total
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Cost |
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At 1 November 2015 |
74,000 |
76 |
74,076 |
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At 31 October 2016 |
74,000 |
76 |
74,076 |
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Depreciation |
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At 1 November 2015 |
7,561 |
- |
7,561 |
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Charge for the year |
420 |
- |
420 |
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At 31 October 2016 |
7,981 |
- |
7,981 |
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Net book value |
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At 31 October 2016 |
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At 31 October 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
The director shareholders are also director shareholders of the subsidiary company A.A.C.(Road Markings) Limited.
Transactions within the year are shown in the creditors note.
The management charges rents and dividends received within the year are from the subsidiary company.