A & A Leathers Limited
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Registered number: |
03657343
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Abbreviated Balance Sheet |
as at 31 October 2014
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|
Notes |
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|
2014 |
|
|
2013 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
1,625 |
|
|
2,159 |
|
Current assets |
Stocks |
|
|
3,491 |
|
|
2,965 |
Cash at bank and in hand |
|
|
1,019 |
|
|
101 |
|
|
|
4,510 |
|
|
3,066 |
|
Creditors: amounts falling due within one year |
|
|
(6,343) |
|
|
(5,028) |
|
Net current liabilities |
|
|
|
(1,833) |
|
|
(1,962) |
|
Net (liabilities)/assets |
|
|
|
(208) |
|
|
197 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(308) |
|
|
97 |
|
Shareholder's funds |
|
|
|
(208) |
|
|
197 |
|
|
|
|
|
|
|
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
A Ali |
Director |
Approved by the board on 22 July 2015
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A & A Leathers Limited
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Notes to the Abbreviated Accounts |
for the year ended 31 October 2014
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|
1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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|
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
25% written down value
|
|
Motor vehicles |
25% written down value
|
|
|
Stocks |
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Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2013 |
6,945 |
|
At 31 October 2014 |
6,945 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2013 |
4,786 |
|
Charge for the year |
534 |
|
At 31 October 2014 |
5,320 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
1,625 |
|
At 31 October 2013 |
2,159 |
|
|
|
|
|
|
|
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3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
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|
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