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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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AA & KS HOLDINGS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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AA & KS HOLDINGS LIMITED |
AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 7 |
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AA & KS HOLDINGS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Stone House |
Stone Road Business Park |
Stoke-On-Trent |
ST4 6SR |
AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474) |
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BALANCE SHEET |
31 MARCH 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
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Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Investments | 6 |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474) |
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BALANCE SHEET - continued |
31 MARCH 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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AA & KS HOLDINGS LIMITED is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, |
estimates and assumptions that affect the amounts reported. These estimates and judgements |
are continually reviewed and are based on experience and other factors, including expectations of |
future events that are believed to be reasonable under the circumstances. |
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Key sources of estimation uncertainty |
Accounting estimates and assumptions are made concerning the future and, by their nature, will |
rarely equal the related actual outcome. The key assumptions and other sources of estimation |
uncertainty that have a significant risk of causing a material adjustment to the carrying amounts |
of assets and liabilities within the next financial year are as follows: |
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(i) Useful economic lives of tangible assets |
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful |
economic lives and residual values of the assets. The useful economic lives and residual values |
are re-assessed annually. They are amended when necessary to reflect current estimates, based |
on technological advancement, future investments, economic utilisation and physical condition of |
the assets. See tangible assets note for the carrying amount of the assets and the accounting |
policy for the useful economic lives for each class of assets. |
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Goodwill |
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition |
over the company's interest in the net amount of the identifiable assets, liabilities and contingent |
liabilities of the acquired business. |
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Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. |
It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful |
life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years. |
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Amortisation |
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Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, |
over the useful fife of that asset as follows: |
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Goodwill - 10 years |
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If there is an indication that there has been a significant change in amortisation rate, useful fife or |
residual value of an intangible asset, the amortisation is revised prospectively to reflect the new |
estimates. |
AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
Tangible assets are initially recorded at cost, and subsequently stated at cost less any |
accumulated depreciation and impairment losses. Any tangible assets carried at revalued |
amounts are recorded at the fair value at the date of revaluation less any subsequent |
accumulated depreciation and subsequent accumulated impairment losses. |
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An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other |
comprehensive income and accumulated in equity, except to the extent it reverses a revaluation |
decrease of the same asset previously recognised in profit or loss. A decrease in the carrying |
amount of an asset as a result of revaluation, is recognised in other comprehensive income to the |
extent of any previously recognised revaluation increase accumulated in equity in respect of that |
asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in |
equity in respect of that asset, the excess shall be recognised in profit or loss. |
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Depreciation |
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Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual |
value, over the useful economic life of that asset as follows: |
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Fixtures and fittings - 15% reducing balance |
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Impairment of fixed assets |
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A review for indicators of impairment is carried out at each reporting date, with the recoverable |
amount being estimated where such indicators exist. Where the carrying value exceeds the |
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for |
possible reversal at each reporting date. |
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For the purposes of impairment testing, when it is not possible to estimate the recoverable |
amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating |
unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets |
that includes the asset and generates cash inflows that largely independent of the cash inflows from |
other assets or groups of assets. |
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Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the |
contractual provisions of the instrument. |
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Basic financial instruments are initially recognised at the transaction price, unless the |
arrangement constitutes a financing transaction, where it is recognised at the present value of the |
future payments discounted at a market rate of interest for a similar debt instrument. |
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Debt instruments are subsequently measured at amortised cost. |
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Financial assets that are measured at cost or amortised cost are reviewed for objective evidence |
of impairment at the end of each reporting date. If there is objective evidence of impairment, an |
impairment loss is recognised in profit or loss immediately. |
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For all equity instruments regardless of significance, and other financial assets that are |
individually significant, these are assessed individually for impairment. Other financial assets are |
either assessed individually or grouped on the basis of similar credit risk characteristics. |
AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
Income and Retained Earnings, except to the extent that it relates to items recognised in other |
comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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3. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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AMORTISATION |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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5. | DEBTORS |
31.3.19 | 31.3.18 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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6. | CURRENT ASSET INVESTMENTS |
31.3.19 | 31.3.18 |
£ | £ |
Shares in group undertakings |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans and overdrafts |
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Amounts owed to group undertakings |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans |
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Other creditors |
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9. | RELATED PARTY DISCLOSURES |
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Transactions with directors are under normal market conditions and or not material. |
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The company has taken advantage of the exemption from the disclosures required by paragraph |
33.1A of Financial Reporting Standard 102 regarding transactions between fellow group |
companies. |
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10. | POST BALANCE SHEET EVENTS |
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There was no material events up to the date of approval of the financial statements by the board. |