AIM Fabrications Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06513626 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2015

for

AIM Fabrications Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Director:

D Woolley

Secretary:

Mrs R Woolley

Registered office:

22 Laburnum Grove

Kingsway

Derby

Derbyshire

DE22 4AW

Registered number:

06513626 (England and Wales)

Accountants:

Bourne & Co.

Chartered Accountants

3 Charnwood Street

Derby

Derbyshire

DE1 2GY

Fixed assets

Tangible assets

2

506

216

Current assets

Debtors

3

9,899

9,103

Cash at bank

5,556

7,310

15,455

16,413

Creditors

Amounts falling due within one year

3,042

6,063

Net current assets

12,413

10,350

Total assets less current liabilities

12,919

10,566

Capital and reserves

Called up share capital

4

2

2

Profit and loss account

12,917

10,564

Shareholders' funds

12,919

10,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 20 November 2015 and were signed by:

D Woolley - 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 and services, 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all material 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.

2.	Tangible fixed assets

Total

£

Cost

At 1 March 2014

412

Additions

469

At 28 February 2015

881

Depreciation

At 1 March 2014

196

Charge for year

179

At 28 February 2015

375

Net book value

At 28 February 2015

506

At 28 February 2014

216

3.

Debtors: amounts falling due after more than one year

The aggregate total of debtors falling due after more than one year is £ 2,833 (2014 - £ 7,862 )

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1.00

2

2

5.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 28 February 2015 and

28 February 2014:

2015

2014

£

£

D Woolley

Balance outstanding at start of year

7,862

-

Amounts advanced

-

7,862

Amounts repaid

(5,029

)

-

Balance outstanding at end of year

2,833

7,862

Interest is charged on the loan at 4% and 3.25%.