AET Manufacturing (UK) Ltd
|
Registered number: |
10050347
|
Balance Sheet |
as at 28 February 2018
|
|
Notes |
|
|
2018 |
|
|
2017 |
£ |
£ |
Current assets |
Stocks |
|
|
435,675 |
|
|
444,639 |
Debtors |
2 |
|
2,400,340 |
|
|
1,071,469 |
Cash at bank and in hand |
|
|
153,103 |
|
|
712,455 |
|
|
|
2,989,118 |
|
|
2,228,563 |
|
Creditors: amounts falling due within one year |
3 |
|
(1,863,447) |
|
|
(1,452,502) |
|
Net current assets |
|
|
|
1,125,671 |
|
|
776,061 |
|
Net assets |
|
|
|
1,125,671 |
|
|
776,061 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
1,125,670 |
|
|
776,060 |
|
Shareholder's funds |
|
|
|
1,125,671 |
|
|
776,061 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
G. M. Blake Thomas |
Director |
Approved by the board on 29 November 2018
|
|
AET Manufacturing (UK) Ltd
|
Notes to the Accounts |
for the year ended 28 February 2018
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
|
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
|
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
|
|
|
2 |
Debtors |
2018 |
|
2017 |
£ |
£ |
|
|
Trade debtors |
2,396,882 |
|
1,068,011 |
|
Other debtors |
3,458 |
|
3,458 |
|
|
|
|
|
|
2,400,340 |
|
1,071,469 |
|
|
|
|
|
|
|
|
|
|
3 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
|
|
Trade creditors |
736,682 |
|
539,312 |
|
Taxation and social security costs |
298,427 |
|
138,316 |
|
Other creditors |
828,338 |
|
774,874 |
|
|
|
|
|
|
1,863,447 |
|
1,452,502 |
|
|
|
|
|
|
|
|
|
|
4 |
Other information |
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AET Manufacturing (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Center |
|
201 London Road |
|
East Grinstead |
|
West Sussex |
|
RH19 1HA |