Registered number: 11400948 | ||||||||
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FOR THE 299 DAY PERIOD ENDED 31/03/2019 | ||||||||
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Prepared By: | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL, WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
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AAA ELECTRICS LTD | ||||||||
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ACCOUNTS | ||||||||
FOR THE 299 DAY PERIOD ENDED 31/03/2019 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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WEST MIDLANDS | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 11400948 | ||||||||
BANKERS | ||||||||
HSBC BANK PLC | ||||||||
ACCOUNTANTS | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL, WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
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AAA ELECTRICS LTD | ||||||||
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ACCOUNTS | ||||||||
FOR THE 299 DAY PERIOD ENDED 31/03/2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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AAA ELECTRICS LTD | ||||||||
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BALANCE SHEET AT
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2019 | ||||||||||
Notes | £ | |||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 5 |
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Cash at bank and in hand |
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2,416 | ||||||||||
CREDITORS: Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Profit and loss account | 1 | |||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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AAA ELECTRICS LTD | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 299 DAY PERIOD ENDED 31/03/2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. | ||||||||
Equipment | straight line 10 % |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
1e. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities. |
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AAA ELECTRICS LTD | ||||||||
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2. EMPLOYEES | ||||||||
2019 | ||||||||
No. | No. | |||||||
Average number of employees | 2 | |||||||
Key management personel is restricted to that of the two directors. | ||||||||
3. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
Additions | 2,358 | 2,358 | ||
At 31/03/2019 | 2,358 | 2,358 | ||
Depreciation | ||||
For the 299 day period | 200 | 200 | ||
At 31/03/2019 | 200 | 200 | ||
Net Book Amounts | ||||
At 31/03/2019 |
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2,158 | ||
4. STOCK | 2019 | |||
£ | ||||
Stock comprises: | ||||
Stock |
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5. DEBTORS | 2019 | |||||||
£ | ||||||||
Amounts falling due within one year | ||||||||
Trade debtors | 210 | |||||||
Prepayments | 1,365 | |||||||
1,575 | ||||||||
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AAA ELECTRICS LTD | ||||||||
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6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | ||||||||
£ | ||||||||
Directors current account | 4,083 | |||||||
Accruals | 480 | |||||||
4,563 | ||||||||
7. SHARE CAPITAL | 2019 | |||||||
£ | ||||||||
Allotted, issued and fully paid: | ||||||||
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10 | |||||||
10 | ||||||||
New shares issued during period: | ||||||||
10
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10 | |||||||
10 | ||||||||
On incorporation of the company ten ordinary shares of £ 1 each were issued at par for cash. |
8. CONTROLLING PARTY | ||||||||
The company is owned by the two directors. Mr A S Hullait owns 20 per cent of the shares whilst his wife Mrs A K Hullait owns eighty per cent of the shares. | ||||||||
9. RELATED PARTY TRANSACTIONS | ||||||||
Neither director Mr A S Hullait or Mrs A K Hullait received a dividend in the commencement period to 31 March 2019. | ||||||||
10. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY | ||||||||
The company is principally involved in providing electrical goods, installation and repairs, all of which is carried out within the United Kingdom. | ||||||||
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AAA ELECTRICS LTD | ||||||||
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11. GENERAL INFORMATION | ||||||||
AAA Electrics Ltd is a private company limited by shares and incorporated in England. Its registered office is 86 Foley Road West, Sutton Coldfield, West Midlands, B74 3NP. | ||||||||
The financial statements are prepared in United Kingdom Pounds Sterling, which is the functional currency of the company. | ||||||||