Registered number
SC721720
AA & CO TRADERS LIMITED
Filleted Accounts
30 April 2024
AA & CO TRADERS LIMITED
Registered number: SC721720
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 7,000 7,000
Tangible assets 4 14,051 15,612
21,051 22,612
Current assets
Stocks 13,470 11,270
Cash at bank and in hand 7,553 3,243
21,023 14,513
Creditors: amounts falling due within one year 5 (29,886) (35,875)
Net current liabilities (8,863) (21,362)
Total assets less current liabilities 12,188 1,250
Provisions for liabilities - -
Net assets 12,188 1,250
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account 12,088 1,150
Shareholder's funds 12,188 1,250
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
AAMIR TANVEER
Director
Approved by the board on 13 August 2024
AA & CO TRADERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at 10% reducing balance.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 7,000
Additions -
Disposals -
At 30 April 2024 7,000
Amortisation
At 1 May 2023 -
Provided during the year -
On disposals -
At 30 April 2024 -
Net book value
At 30 April 2024 7,000
At 30 April 2023 7,000
4 Tangible fixed assets
Fixtures & Fittings Total
£ £
Cost
At 1 May 2023 17,347 17,347
Additions - -
Surplus on revaluation - -
Disposals - -
At 30 April 2024 17,347 17,347
Depreciation
At 1 May 2023 1,735 1,735
Charge for the year 1,561 1,561
Surplus on revaluation - -
On disposals - -
At 30 April 2024 3,296 3,296
Net book value
At 30 April 2024 14,051 14,051
At 30 April 2023 15,612 15,612
5 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - 4,500
Accruals 2,020 1,878
Taxation and social security costs 6,929 3,201
Other creditors 20,937 26,296
29,886 35,875
6 Other information
AA & CO TRADERS LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 DARNLEY STREET
GLASGOW
G41 2LL
AA & CO TRADERS LIMITED SC721720 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 AAMIR TANVEER No description of principal activity SC721720 2022-05-01 2023-04-30 SC721720 core:WithinOneYear 2023-04-30 SC721720 core:ShareCapital 2023-04-30 SC721720 core:SharePremium 2023-04-30 SC721720 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC721720 2023-05-01 2024-04-30 SC721720 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC721720 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC721720 bus:Director40 2023-05-01 2024-04-30 SC721720 2 2023-05-01 2024-04-30 SC721720 core:Goodwill 2023-05-01 2024-04-30 SC721720 core:PlantMachinery 2023-05-01 2024-04-30 SC721720 countries:England 2023-05-01 2024-04-30 SC721720 bus:FRS102 2023-05-01 2024-04-30 SC721720 bus:FilletedAccounts 2023-05-01 2024-04-30 SC721720 2024-04-30 SC721720 core:WithinOneYear 2024-04-30 SC721720 core:ShareCapital 2024-04-30 SC721720 core:SharePremium 2024-04-30 SC721720 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC721720 core:Goodwill 2024-04-30 SC721720 core:PlantMachinery 2024-04-30 SC721720 2023-04-30 SC721720 core:Goodwill 2023-04-30 SC721720 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure