ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS (AITLA) LIMITED Company Accounts

ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS (AITLA) LIMITED Company Accounts

ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS (AITLA) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 08566493
ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS (AITLA) LIMITED
FINANCIAL STATEMENTS
31 March 2016
FIDUCI-CORP (UK) SERVICES LIMITED
Chartered Accountants
ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS
(AITLA) LIMITED
DIRECTORS' REPORT
PERIOD FROM 1 JANUARY 2016 TO 31 MARCH 2016
The directors present their report and the unaudited financial statements of the company for the period from 1 January 2016 to 31 March 2016.
PRINCIPAL ACTIVITIES
The principal activity of the Company is providing services which include handling of insurance claims and risk management services.
DIRECTORS
The directors who served the company during the period were as follows:
Mrs Eftychia Chatzigiannaki
Mr Stavros Artopoulos
Fiduci-Corp (UK) Services Limited
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Signed by order of the directors
Fiduci-Corp (UK) Services Limited Company Secretary
Approved by the directors on 26 April 2016
ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS
(AITLA) LIMITED
PROFIT AND LOSS ACCOUNT
PERIOD FROM 1 JANUARY 2016 TO 31 MARCH 2016
Period from
Period from
1 Jan 16 to
1 Jul 15 to
31 Mar 16
31 Dec 15
Note
£
£
TURNOVER
–
–
Administrative expenses
1,140
1,148
-------
-------
OPERATING LOSS
2
( 1,140)
( 1,148)
Interest payable and similar charges
1
–
-------
-------
LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION
( 1,141)
( 1,148)
Tax on loss on ordinary activities
–
–
-------
-------
LOSS FOR THE FINANCIAL PERIOD
( 1,141)
( 1,148)
-------
-------
All of the activities of the company are classed as continuing.
The company has no recognised gains or losses other than the results for the
period as set out above.
ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS
(AITLA) LIMITED
BALANCE SHEET
31 March 2016
31 Mar 16
31 Dec 15
Note
£
£
£
CURRENT ASSETS
Debtors
3
8,487
28,425
Cash at bank
–
1,186
-------
---------
8,487
29,611
CREDITORS: Amounts falling due within one year
4
4
8,297
-------
---------
NET CURRENT ASSETS
8,483
21,314
-------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
8,483
21,314
-------
---------
CAPITAL AND RESERVES
Called up equity share capital
6
8,483
8,483
Profit and loss account
7
–
12,831
-------
---------
SHAREHOLDERS' FUNDS
8
8,483
21,314
-------
---------
For the period from 1 January 2016 to 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
- 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 .
These accounts were approved by the directors and authorised for issue on 26 April 2016 , and are signed on their behalf by:
Mrs Eftychia Chatzigiannaki Mr Stavros Artopoulos
Fiduci-Corp (UK) Services Limited
Company Registration Number: 08566493
ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS
(AITLA) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2016 TO 31 MARCH 2016
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.
Cash flow statement
The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2. OPERATING LOSS
Operating loss is stated after charging/(crediting):
Period from
Period from
1 Jan 16 to
1 Jul 15 to
31 Mar 16
31 Dec 15
£
£
Net loss/(profit) on foreign currency translation
75
( 30)
----
----
3. DEBTORS
31 Mar 16
31 Dec 15
£
£
Other debtors
8,487
28,425
-------
---------
4. CREDITORS: Amounts falling due within one year
31 Mar 16
31 Dec 15
£
£
Overdrafts
4
39
Corporation tax
–
3,763
Other creditors
–
4,495
----
-------
4
8,297
----
-------
5. RELATED PARTY TRANSACTIONS
The company was under the control of Mr Stavros Artopoulos and Mrs Eftychia Chatzigiannaki throughout the current and previous year. Mr Stavros Artopoulos and Mrs Eftychia Chatzigiannaki are the managing directors and majority shareholders .
6. SHARE CAPITAL
Allotted, called up and fully paid:
31 Mar 16 31 Dec 15
No
£
No
£
Ordinary shares of £ 0.8483 each
10,000
8,483
10,000
8,483
---------
-------
---------
-------
7. PROFIT AND LOSS ACCOUNT
Period from
Period from
1 Jan 16 to
1 Jul 15 to
31 Mar 16
31 Dec 15
£
£
Balance brought forward
12,831
14,344
Loss for the financial period
( 1,141)
( 1,148)
Equity dividends
( 14,052)
–
Foreign currency retranslation
2,362
(365)
---------
---------
Balance carried forward
–
12,831
---------
---------
8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31 Mar 16
31 Dec 15
£
£
Loss for the financial period
( 1,141)
( 1,148)
Equity dividends
( 14,052)
–
Foreign currency translation reserve
2,362
(365)
---------
-------
Net reduction to shareholders' funds
( 12,831)
( 1,513)
Opening shareholders' funds
21,314
22,827
---------
---------
Closing shareholders' funds
8,483
21,314
---------
---------
ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS
(AITLA) LIMITED
MANAGEMENT INFORMATION
PERIOD FROM 1 JANUARY 2016 TO 31 MARCH 2016
The following page does not form part of the statutory financial statements .
ADVANCE INTERNATIONAL TECHNICAL LOSS ADJUSTERS
(AITLA) LIMITED
DETAILED PROFIT AND LOSS ACCOUNT
PERIOD FROM 1 JANUARY 2016 TO 31 MARCH 2016
Period from
Period from
1 Jan 16 to
1 Jul 15 to
31 Mar 16
31 Dec 15
£
£
OVERHEADS
Administrative expenses
1,140
1,148
-------
-------
OPERATING LOSS
( 1,140)
( 1,148)
Bank interest payable
(1)
–
-------
-------
LOSS ON ORDINARY ACTIVITIES
( 1,141)
( 1,148)
-------
-------
NOTES:
ADMINISTRATIVE EXPENSES
General expenses
Liquidation fees (allowable)
382
–
Services rendered
553
491
Courier fees
–
71
Accountancy fees
–
525
----
-------
935
1,087
-------
Financial costs
Bank charges
130
91
Foreign currency gains/losses
75
(30)
----
----
205
61
-------
-------
1,140
1,148
-------
-------