AIMS Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06923617 (England and Wales)

Financial Statements for the Year Ended 31 December 2020

for

Access Industry Management & Services

Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Bennett

R A Verallo

G R Rutter

R K Fairfield

REGISTERED OFFICE:

10 Queen Street Place

London

EC4R 1BE

REGISTERED NUMBER:

06923617 (England and Wales)

AUDITORS:

McDougall Johnstone Limited

Chartered Certified Accountants

Statutory Auditor

280 St Vincent Street

Glasgow

G2 5RL

FIXED ASSETS

Intangible assets

4

84,016

2,467

CURRENT ASSETS

Debtors

30,673

89,583

Cash at bank

51,862

14,286

82,535

103,869

CREDITORS

Amounts falling due within one year

(168,702

)

(106,532

)

NET CURRENT LIABILITIES

(86,167

)

(2,663

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,151

)

(196

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,251

)

(296

)

(2,151

)

(196

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2021 and were signed on its behalf by:

P Bennett - Director

1.	STATUTORY INFORMATION

Access Industry Management & Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of 4 years.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2019 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2020

3,290

Additions

82,371

At 31 December 2020

85,661

AMORTISATION

At 1 January 2020

823

Amortisation for year

822

At 31 December 2020

1,645

NET BOOK VALUE

At 31 December 2020

84,016

At 31 December 2019

2,467

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian McDougall (Senior Statutory Auditor)

for and on behalf of McDougall Johnstone Limited

6.	RELATED PARTY DISCLOSURES

Directors in Access Industry Management and Services Limited (AIMS) are also directors in Prefabricated Access Suppliers and Manufacturers Association Limited (PASMA), The Ladder Association Limited, Access Industry Forum (AIF), Test and Research Centre Limited and Test and Research Centre Holdings Limited.

At the year end, there was a balance of £163,643 (2019: £98,559) due to Prefabricated Access Suppliers and Manufacturers Association Limited (PASMA).

7.	ULTIMATE CONTROLLING PARTY

The ultimate parent company and controlling party is Prefabricated Access Suppliers' and Manufacturers' Association Ltd (PASMA), a company registered in England and Wales.

There is no overall controlling party.