Aftonbay Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC275998 (Scotland)

Unaudited Financial Statements

for the Year Ended 29 February 2020

for

Aftonbay Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Aliyar

M Aliyar

REGISTERED OFFICE:

121 Moffat Street

Glasgow

G5 0ND

REGISTERED NUMBER:

SC275998 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

121 Moffat Street

Glasgow

G5 OND

FIXED ASSETS

Tangible assets

4

1,741

2,047

CURRENT ASSETS

Stocks

5

2,007

2,132

Debtors

6

978

856

Cash at bank and in hand

640

2,211

3,625

5,199

CREDITORS

Amounts falling due within one year

7

14,736

9,176

NET CURRENT LIABILITIES

(11,111

)

(3,977

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,370

)

(1,930

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(9,371

)

(1,931

)

SHAREHOLDERS' FUNDS

(9,370

)

(1,930

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2020 and were signed on its behalf by:

F Aliyar - Director

1.	STATUTORY INFORMATION

Aftonbay Limited is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 March 2019

and 29 February 2020

8,673

4,759

13,432

DEPRECIATION

At 1 March 2019

7,910

3,475

11,385

Charge for year

114

192

306

At 29 February 2020

8,024

3,667

11,691

NET BOOK VALUE

At 29 February 2020

649

1,092

1,741

At 28 February 2019

763

1,284

2,047

5.

STOCKS

29.2.20

28.2.19

£

£

Stocks

2,007

2,132

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Trade debtors

978

856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

VAT

3,298

1,967

Directors' current accounts

10,568

5,469

Accrued expenses

870

1,740

14,736

9,176

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.20

28.2.19

value:

£

£

1

Ordinary Share Capital

£1

1

1