1.
General Information
A.A.A. Supply Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
01873788
. The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3.
Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
| Plant and machinery |
|
| Motor vehicles |
|
| Fixtures and fittings |
|
| Computer equipment |
|
2.4.
Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
A.A.A. Supply Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.7.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.8.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2025: 14)
4.
Tangible Assets
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Plant and machinery | Motor vehicles | Fixtures and fittings | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 April 2025 |
|
|
|
|
| As at 31 March 2026 |
|
|
|
|
| Depreciation | ||||
| As at 1 April 2025 |
|
|
|
|
| Provided during the period |
|
|
|
|
| As at 31 March 2026 |
|
|
|
|
...CONTINUED
A.A.A. Supply Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
| Net Book Value | ||||
| As at 31 March 2026 |
|
|
|
|
| As at 1 April 2025 |
|
|
|
|
| Computer equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| As at 1 April 2025 |
|
|
| As at 31 March 2026 |
|
|
| Depreciation | ||
| As at 1 April 2025 |
|
|
| Provided during the period |
|
|
| As at 31 March 2026 |
|
|
| Net Book Value | ||
| As at 31 March 2026 |
|
|
| As at 1 April 2025 |
|
|
Cost or valuation as at 31 March 2026 represented by:
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Plant and machinery | Motor vehicles | Fixtures and fittings | |
| £ | £ | £ | £ | |
| At cost | 889,610 | 54,338 | 41,435 | 193,609 |
| At valuation | 187,560 | - | - | - |
| 1,077,170 | 54,338 | 41,435 | 193,609 | |
| Computer equipment | Total | |
|---|---|---|
| £ | £ | |
| At cost | 30,134 | 1,209,126 |
| At valuation | - | 187,560 |
| 30,134 | 1,396,686 | |
Included in Freehold Property are investment properties with a cost of £212,440. These investment properties were revalued on 31 March 2021 with a valuation of £400,000, The directors believe this value to be a true representation of the fair value of the investment properties as at 31 March 2026.
5.
Stocks
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
A.A.A. Supply Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
6.
Debtors
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
| Other debtors |
|
|
|
|
|
|
||
7.
Creditors: Amounts Falling Due Within One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Corporation tax |
|
|
|
| Other taxes and social security |
|
|
|
| VAT |
|
|
|
| Other creditors |
|
|
|
| Accruals and deferred income |
|
|
|
| Directors' loan accounts |
|
|
|
|
|
|
||
9.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
|
|
|
|
|
|
||
10.
Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
A.A.A. Supply Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
11.
Reserves
The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the
value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account
includes both distributable and non distributable as follows:
|
2026
|
2025
|
||
|
£
|
£
|
||
|
Distributable profit and loss reserves
|
2,798,434
|
2,519,825
|
|
|
Non-distributable profit and loss reserves
|
187,560
|
187,560
|
|
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|
|
||
|
2,985,994
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
2,707,385
|
12.
Related Party Transactions
The following related party transactions were undertaken during the year:
During the period directors received advances of £99,295 (2025: £173,738) and introduced capital of £162,985 (2025: £169,694). At the balance sheet date the amounts owed to the directors totalled £149,262 (2025: £85,572).
No dividends were paid to the directors in respect of their shareholdings.
The aggregate remuneration paid to key management personnel for the year was £145,950 (2025: £144,182).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.