Company Registration No. 06268741 (England and Wales)
AAB UK Limited
Unaudited accounts
for the year ended 30 June 2020
AAB UK Limited
Unaudited accounts
Contents
AAB UK Limited
Company Information
for the year ended 30 June 2020
Directors
N Alim
A Alim
Modanisa Elektronik Magazacilik VE TIC. A.S
Company Number
06268741 (England and Wales)
Registered Office
2 Frederick Street
Kings Cross
London
WC1X 0ND
United Kingdom
AAB UK Limited
Statement of financial position
as at
30 June 2020
Intangible assets
15,206
18,544
Tangible assets
17,708
22,135
Inventories
177,612
228,886
Cash at bank and in hand
421,749
69,248
Creditors: amounts falling due within one year
(271,804)
(445,017)
Net current assets
505,090
46,510
Net assets
538,004
87,189
Called up share capital
1,176
1,000
Profit and loss account
40,004
86,189
Shareholders' funds
538,004
87,189
For the year ending 30 June 2020 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2021 and were signed on its behalf by
A Alim
Director
Company Registration No. 06268741
AAB UK Limited
Notes to the Accounts
for the year ended 30 June 2020
AAB UK Limited is a private company, limited by shares, registered in England and Wales, registration number 06268741. The registered office is 2 Frederick Street, Kings Cross, London, WC1X 0ND, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Other
Charge for the year
3,338
AAB UK Limited
Notes to the Accounts
for the year ended 30 June 2020
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Charge for the year
4,427
6
Debtors: amounts falling due within one year
2020
2019
Amounts due from group undertakings etc.
-
139
Accrued income and prepayments
40,212
42,433
Other debtors
137,321
150,821
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Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
-
74,827
Trade creditors
43,904
52,686
Amounts owed to group undertakings and other participating interests
77,361
158,722
Taxes and social security
17,650
5,170
Other creditors
66,553
27,070
Loans from directors
59,161
86,467
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Average number of employees
During the year the average number of employees was 11 (2019: 16).