Aims Legal Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06351613 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

AIMS LEGAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Miss M M Clarke

J G J Goldie

SECRETARY:

N Bennett

REGISTERED OFFICE:

Ground Floor

Unit 4, Arkwright Court

Commercial Road

Darwen

Lancashire

BB3 0FG

REGISTERED NUMBER:

06351613 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

2

1,482

2,731

CURRENT ASSETS

Debtors

268,679

177,620

Cash at bank

28,541

50,768

297,220

228,388

CREDITORS

Amounts falling due within one year

103,868

127,040

NET CURRENT ASSETS

193,352

101,348

TOTAL ASSETS LESS CURRENT LIABILITIES

194,834

104,079

PROVISIONS FOR LIABILITIES

296

546

NET ASSETS

194,538

103,533

CAPITAL AND RESERVES

Called up share capital

3

120

120

Profit and loss account

194,418

103,413

SHAREHOLDERS' FUNDS

194,538

103,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30th July 2015 and were signed on its behalf by:

Miss M M Clarke - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Employer-financed retirement benefit scheme (efrbs)

The company has established trusts for the benefit of employees and persons connected with them. Monies held

in these trusts are held by independent trustees and managed at their discretion. The trustees are empowered to

provide both retirement and other employee benefits.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of

the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an

allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust

vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees' past services to the

business and the company can obtain no future economic benefit from those monies, such monies, whether in the

trust or accrued for by the company are charged to the profit and loss account in the period to which they relate.

Where monies held in a trust are determined by the company on the basis of employees' past services to the

business and are payable after completion of the employment, such monies are charged to the profit and loss

account in the period during which services are rendered by employees.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

and 31st December 2014

11,893

DEPRECIATION

At 1st January 2014

9,162

Charge for year

1,249

At 31st December 2014

10,411

NET BOOK VALUE

At 31st December 2014

1,482

At 31st December 2013

2,731

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

120

Ordinary

£1

120

120

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2014 and

31st December 2013:

31.12.14

31.12.13

£

£

A Bennett

Balance outstanding at start of year

(22,642

)

(46,666

)

Amounts advanced

118,760

24,024

Amounts repaid

(96,118

)

-

Balance outstanding at end of year

-

(22,642

)