Registered number
04719567
A A LETTING LTD
Unaudited Filleted Accounts
30 April 2024
A A LETTING LTD
Registered number: 04719567
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 50,000 60,000
Current assets
Debtors 4 97,650 47,650
Cash at bank and in hand 88,333 92,486
185,983 140,136
Creditors: amounts falling due within one year 5 (110,359) (110,366)
Net current assets 75,624 29,770
Total assets less current liabilities 125,624 89,770
Creditors: amounts falling due after more than one year 6 (86,352) (70,077)
Net assets 39,272 19,693
Capital and reserves
Called up share capital 8 8
Profit and loss account 39,264 19,685
Shareholders' funds 39,272 19,693
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 members have 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.
A Amzalag
Director
Approved by the board on 30 January 2025
A A LETTING LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 100,000
At 30 April 2024 100,000
Amortisation
At 1 May 2023 40,000
Provided during the year 10,000
At 30 April 2024 50,000
Net book value
At 30 April 2024 50,000
At 30 April 2023 60,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Trade debtors 50,000 -
Other debtors 47,650 47,650
97,650 47,650
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,059 6,066
Other creditors 104,300 104,300
110,359 110,366
6 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors 918 1,056
Other creditors 85,434 69,021
86,352 70,077
7 Other information
A A LETTING LTD is a private company limited by shares and incorporated in England. Its registered office is:
6a Grasmere Street
Gateshead
NE8 1TR
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