AA Utilities Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06793201 (England and Wales)

AA Utilities Limited

Unaudited Financial Statements

For The Year Ended

31st March 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

A Aldous

D C Allen

REGISTERED OFFICE:

8 Hopper Way

Diss Business Park

Diss

Norfolk

IP22 4GT

REGISTERED NUMBER:

06793201 (England and Wales)

ACCOUNTANTS:

Haines Watts

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Intangible assets

4

39,000

45,500

Tangible assets

5

88,027

78,372

127,027

123,872

CURRENT ASSETS

Debtors

6

102,877

78,841

Cash at bank

69,202

78,949

172,079

157,790

CREDITORS

Amounts falling due within one year

7

65,628

80,394

NET CURRENT ASSETS

106,451

77,396

TOTAL ASSETS LESS CURRENT LIABILITIES

233,478

201,268

CREDITORS

Amounts falling due after more than one year

8

(12,191

)

(725

)

PROVISIONS FOR LIABILITIES

(16,725

)

(14,891

)

NET ASSETS

204,562

185,652

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

204,560

185,650

SHAREHOLDERS' FUNDS

204,562

185,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 16th March 2021 and were signed on its behalf by:

A Aldous - Director

D C Allen - Director

1.	STATUTORY INFORMATION

AA Utilities Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2019 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2019

and 31st March 2020

100,000

AMORTISATION

At 1st April 2019

54,500

Charge for year

6,500

At 31st March 2020

61,000

NET BOOK VALUE

At 31st March 2020

39,000

At 31st March 2019

45,500

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2019

35,285

103,588

978

139,851

Additions

4,673

28,307

-

32,980

At 31st March 2020

39,958

131,895

978

172,831

DEPRECIATION

At 1st April 2019

23,909

37,052

518

61,479

Charge for year

3,038

20,172

115

23,325

At 31st March 2020

26,947

57,224

633

84,804

NET BOOK VALUE

At 31st March 2020

13,011

74,671

345

88,027

At 31st March 2019

11,376

66,536

460

78,372

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2019

48,698

Additions

28,307

Transfer to ownership

(35,798

)

At 31st March 2020

41,207

DEPRECIATION

At 1st April 2019

22,176

Charge for year

10,169

Transfer to ownership

(23,364

)

At 31st March 2020

8,981

NET BOOK VALUE

At 31st March 2020

32,226

At 31st March 2019

26,522

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

58,661

-

Other debtors

44,216

78,841

102,877

78,841

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

5,601

20,109

Taxation and social security

58,532

58,790

Other creditors

1,495

1,495

65,628

80,394

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

12,191

725

9.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Hire purchase contracts

17,792

20,834

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary

£1

2

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2020 and 31st March 2019:

2020

2019

£

£

A Aldous

Balance outstanding at start of year

20,822

10,141

Amounts advanced

7,214

21,389

Amounts repaid

(21,208

)

(10,708

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,828

20,822

D C Allen

Balance outstanding at start of year

8,568

5,789

Amounts advanced

19,464

13,487

Amounts repaid

(21,208

)

(10,708

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,824

8,568

The company has charged interest on the loans, and they are to be repaid within 9 months of the year end.