AA And 9A Limited
Unaudited Financial Statements
For the year ended 30 September 2023
Pages for Filing with Registrar
Company Registration No. 10968072 (England and Wales)
AA and 9A Limited
AA And 9A Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
AA And 9A Limited
Balance Sheet
As at 30 September 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,126
25,839
Current assets
Stock
7,369
7,369
Debtors
4
237,907
212,438
Cash at bank and in hand
82,037
208,838
327,313
428,645
Creditors: amounts falling due within one year
5
(575,681)
(765,400)
Net current liabilities
(248,368)
(336,755)
Total assets less current liabilities
(234,242)
(310,916)
Creditors: amounts falling due after more than one year
6
(18,126)
(28,126)
Net liabilities
(252,368)
(339,042)
Capital and reserves
Called up share capital
7
1,333
1,333
Share premium account
49,667
49,667
Profit and loss reserves
(303,368)
(390,042)
Total equity
(252,368)
(339,042)
AA And 9A Limited
Balance Sheet (Continued)
As at 30 September 2023
Page 2
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
Mr Andrew Jones
Director
Company Registration No. 10968072
AA And 9A Limited
Notes to the Financial Statements
For the year ended 30 September 2023
Page 3
1
Accounting policies
Company information
AA and 9A Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, W1T 1QL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
20% straight line depreciation
Fixtures and fittings
20% straight line depreciation
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
AA And 9A Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2023
1
Accounting policies
(Continued)
Page 4
1.5
Stock
Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.
Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company only has basic financial instruments measured at amortised costs, with no financial instruments classified as other, or basic financial instruments measured at fair value.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
AA And 9A Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2023
Page 5
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2022
8,819
202,169
210,988
Additions
1,041
5,740
6,781
At 30 September 2023
9,860
207,909
217,769
Depreciation and impairment
At 1 October 2022
3,735
181,414
185,149
Depreciation charged in the year
1,972
16,522
18,494
At 30 September 2023
5,707
197,936
203,643
Carrying amount
At 30 September 2023
4,153
9,973
14,126
At 30 September 2022
5,084
20,755
25,839
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
233,500
201,121
Prepayments and accrued income
4,407
11,317
237,907
212,438
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
82,053
35,886
Taxation and social security
46,160
65,109
Other creditors
424,531
638,620
Accruals and deferred income
12,937
15,785
575,681
765,400
AA And 9A Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2023
Page 6
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
18,126
28,126
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
1,000
1,000
1,000
1,000
Ordinary B shares of £1 each
333
333
333
333
1,333
1,333
1,333
1,333
8
Related party transactions
During the company paid management charges of £549,059 (2022: £374,141) to connected companies under common control.
Included within other debtors is £44,848 (2022: £31,644) owed by connected companies under common control.
Included in other creditors is £424,531 (2022: £638,620) owed to connected companies under common control.