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REGISTERED NUMBER: 08442945 (England and Wales)



















AAA COMMERCIAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






AAA COMMERCIAL LTD (REGISTERED NUMBER: 08442945)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

AAA COMMERCIAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr S Khangura
Mr L S Sohal





REGISTERED OFFICE: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY





REGISTERED NUMBER: 08442945 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

AAA COMMERCIAL LTD (REGISTERED NUMBER: 08442945)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 54,534 72,717
54,534 72,717

CURRENT ASSETS
Debtors 6 236,892 232,982
Cash at bank 3,983 3,478
240,875 236,460
CREDITORS
Amounts falling due within one year 7 37,346 40,350
NET CURRENT ASSETS 203,529 196,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,063

268,827

CREDITORS
Amounts falling due after more than one
year

8

468,759

460,571
NET LIABILITIES (210,696 ) (191,744 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (210,697 ) (191,745 )
(210,696 ) (191,744 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

AAA COMMERCIAL LTD (REGISTERED NUMBER: 08442945)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by:




Mr S Khangura - Director



Mr L S Sohal - Director


AAA COMMERCIAL LTD (REGISTERED NUMBER: 08442945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

AAA Commercial Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Franchise, being the amount paid in connection with the acquisition of each business, is being amortised evenly over is estimated useful life of 10 years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


AAA COMMERCIAL LTD (REGISTERED NUMBER: 08442945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
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.

Going concern
The directors are of the opinion it is appropriate to prepare the accounts on a going concern basis. The company has continued to meet its obligations since the balance sheet date and the directors' have agreed adequate facilities with the company bankers and appropriate payment terms with all major creditors. The directors' have also pledged their continued support for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
£   
COST
At 1 October 2022
and 30 September 2023 23,400
AMORTISATION
At 1 October 2022
and 30 September 2023 23,400
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

AAA COMMERCIAL LTD (REGISTERED NUMBER: 08442945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 159,693 361,647 584 521,924
DEPRECIATION
At 1 October 2022 143,569 305,158 480 449,207
Charge for year 4,033 14,124 26 18,183
At 30 September 2023 147,602 319,282 506 467,390
NET BOOK VALUE
At 30 September 2023 12,091 42,365 78 54,534
At 30 September 2022 16,124 56,489 104 72,717

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 236,892 232,982

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,280 5,280
Trade creditors 15,287 19,913
Taxation and social security 4,209 3,618
Other creditors 12,570 11,539
37,346 40,350

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 35,449 40,848
Amounts owed to group undertakings 321,014 307,427
Other creditors 112,296 112,296
468,759 460,571

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,329 19,728

AAA COMMERCIAL LTD (REGISTERED NUMBER: 08442945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. RELATED PARTY DISCLOSURES

ACCA Land Limited
A company in which Mr L S Sohal is a director and a shareholder.

Amounts due to the related party at the balance sheet date is £33,000 (2022: £33,000).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Larentia Capital Limited
A company in which Mr S Khangura is a director and joint shareholder.

Amount due to the related party at the balance sheet date is £78,000 (2022: £78,000).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Larentia Land Limited
A company in which Mr S Khangura and Mr L Sohal are both directors and joint shareholders.

Recharges of £25,000 (2022: £25,000) received from Larentia Land Limited.

Amount due from the related party at the balance sheet date is £52,746 (2022: £42,500).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Forctis Capital Limited
A company in which Mr S Khangura is a director and shareholder.

Recharges of £nil (2022: £165,000) received from Larentia Land Limited.

Amount due from the related party at the balance sheet date is £165,000 (2022: £165,000).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is SRK Group Limited.

SRK Group Limited prepares financial statements and copies can be obtained from:

71 Knowl Piece
Wilbury Way
Hitchin
Herts
SG4 0TY

SRK Group Limited is jointly controlled by L S Sohal and S Khangura.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AAA COMMERCIAL LTD (REGISTERED NUMBER: 08442945)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AAA Commercial Ltd for the year ended 30 September 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of AAA Commercial Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AAA Commercial Ltd and state those matters that we have agreed to state to the Board of Directors of AAA Commercial Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AAA Commercial Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of AAA Commercial Ltd. You consider that AAA Commercial Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AAA Commercial Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


26 June 2024