Company Registration No. 04361492 (England and Wales)
AARON P STONE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014
AARON P STONE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AARON P STONE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1
1
Tangible assets
2
112,562
134,449
112,563
134,450
Current assets
Stocks
10,684
10,852
Debtors
182,829
182,256
Cash at bank and in hand
13,831
5,790
207,344
198,898
Creditors: amounts falling due within one year
(363,576)
(364,156)
Net current liabilities
(156,232)
(165,258)
Total assets less current liabilities
(43,669)
(30,808)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(43,670)
(30,809)
Shareholders' funds
(43,669)
(30,808)
For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 July 2015
Mr Joe Stone
Director
Company Registration No. 04361492
AARON P STONE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
20% Reducing balance
Plant and machinery
25% Reducing balance
Computer equipment
25% Reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 November 2013
1
647,108
647,109
Additions
-
15,632
15,632
At 31 October 2014
1
662,740
662,741
Depreciation
At 1 November 2013
-
512,658
512,658
Charge for the year
-
37,520
37,520
At 31 October 2014
-
550,178
550,178
Net book value
At 31 October 2014
1
112,562
112,563
At 31 October 2013
1
134,449
134,450
AARON P STONE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary Shares of £1 each
1
1