Company Registration No. 06268741 (England and Wales)
AAB UK Limited
Unaudited accounts
for the year ended 30 June 2021
AAB UK Limited
Unaudited accounts
Contents
AAB UK Limited
Company Information
for the year ended 30 June 2021
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 2021
Intangible assets
-
15,206
Tangible assets
14,520
17,708
Inventories
436,853
177,612
Cash at bank and in hand
180,528
421,749
Creditors: amounts falling due within one year
(383,634)
(271,804)
Net current assets
520,386
505,090
Net assets
534,906
538,004
Called up share capital
1,176
1,176
Share premium
496,824
496,824
Profit and loss account
36,906
40,004
Shareholders' funds
534,906
538,004
For the year ending 30 June 2021 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 31 March 2022 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 2021
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.
AAB UK Limited
Notes to the Accounts
for the year ended 30 June 2021
4
Intangible fixed assets
Other
Charge for the year
15,206
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Charge for the year
3,188
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
79,000
40,212
Other debtors
139,969
137,321
AAB UK Limited
Notes to the Accounts
for the year ended 30 June 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
150,000
-
Trade creditors
82,781
43,904
Amounts owed to group undertakings and other participating interests
-
77,361
Taxes and social security
22,741
17,650
Other creditors
39,471
66,553
Loans from directors
52,035
59,161
8
Average number of employees
During the year the average number of employees was 11 (2020: 11).