Abbreviated Company Accounts - AIM (PRESTON) LIMITED

AM (PRESTON) LIMITED - Company Information

07379568 AIM (PRESTON) LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 07379568 2014-01-01 2014-12-31 07379568 2014-12-31 07379568 2013-12-31 07379568 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07379568 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 07379568

AIM (PRESTON) LIMITED

Abbreviated Accounts

31 December 2014

AIM (PRESTON) LIMITED Registered Number 07379568

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	17,621	21,529
		17,621	21,529
Current assets
Stocks		2,735	6,760
Debtors		24,205	25,659
Cash at bank and in hand		9,674	3,026
		36,614	35,445
Creditors: amounts falling due within one year		(31,858)	(32,846)
Net current assets (liabilities)		4,756	2,599
Total assets less current liabilities		22,377	24,128
Creditors: amounts falling due after more than one year		(3,115)	(3,115)
Provisions for liabilities		(3,524)	(4,306)
Total net assets (liabilities)		15,738	16,707
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		15,638	16,607
Shareholders' funds		15,738	16,707

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 September 2015

And signed on their behalf by:
A Mohamed, Director

AIM (PRESTON) LIMITED Registered Number 07379568

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Fees receivable represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Office equipment 20% reducing balance
Fixtures and fittings 15% reducing balance

Other accounting policies
Stock and work in progress
Stock and work in progress is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 January 2014	28,393
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	28,393
Depreciation
At 1 January 2014	6,864
Charge for the year	3,908
On disposals	-
At 31 December 2014	10,772
Net book values
At 31 December 2014	17,621
At 31 December 2013	21,529

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100