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Company Registration No. 07830571 (England and Wales)
AAQ Ltd Unaudited accounts for the year ended 31 January 2023
AAQ Ltd Unaudited accounts Contents
Page
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AAQ Ltd Company Information for the year ended 31 January 2023
Director
Muhmmad Ashfaq
Company Number
07830571 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY
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AAQ Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,215 
12,215 
Current assets
Inventories
- 
19,427 
Debtors
40,161 
2,289 
Cash at bank and in hand
- 
21,061 
40,161 
42,777 
Creditors: amounts falling due within one year
- 
(1,572)
Net current assets
40,161 
41,205 
Total assets less current liabilities
52,376 
53,420 
Creditors: amounts falling due after more than one year
(46,287)
(46,287)
Net assets
6,089 
7,133 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,088 
7,132 
Shareholders' funds
6,089 
7,133 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 October 2023 and were signed on its behalf by
Muhmmad Ashfaq Director Company Registration No. 07830571
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AAQ Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
AAQ Ltd is a private company, limited by shares, registered in England and Wales, registration number 07830571. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
20% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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AAQ Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
6,680 
17,580 
24,260 
At 31 January 2023
6,680 
17,580 
24,260 
Depreciation
At 1 February 2022
5,716 
6,329 
12,045 
At 31 January 2023
5,716 
6,329 
12,045 
Net book value
At 31 January 2023
964 
11,251 
12,215 
At 31 January 2022
964 
11,251 
12,215 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,289 
Other debtors
40,161 
- 
40,161 
2,289 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
989 
Taxes and social security
- 
583 
- 
1,572 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
46,287 
46,287 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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