Company Registration No. 07830571 (England and Wales)
AAQ Ltd
Unaudited accounts
for the year ended 31 January 2023
AAQ Ltd
Unaudited accounts
Contents
AAQ Ltd
Company Information
for the year ended 31 January 2023
Company Number
07830571 (England and Wales)
Registered Office
21 HYDE PARK ROAD
LEEDS
LS6 1PY
AAQ Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
12,215
12,215
Cash at bank and in hand
-
21,061
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)
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
AAQ Ltd
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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
At 1 February 2022
5,716
6,329
12,045
At 31 January 2023
5,716
6,329
12,045
At 31 January 2023
964
11,251
12,215
At 31 January 2022
964
11,251
12,215
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
583
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).