AIM Fabrications Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06513626 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 29 February 2016

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

321

506

CURRENT ASSETS

Debtors

3

9,466

9,899

Cash at bank

8,169

5,556

17,635

15,455

CREDITORS

Amounts falling due within one year

3,565

3,042

NET CURRENT ASSETS

14,070

12,413

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,391

12,919

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

14,389

12,917

SHAREHOLDERS' FUNDS

14,391

12,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 18 August 2016 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 January 2015).

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 2015

and 29 February 2016

881

DEPRECIATION

At 1 March 2015

375

Charge for year

185

At 29 February 2016

560

NET BOOK VALUE

At 29 February 2016

321

At 28 February 2015

506

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 5,438 (2015 - £ 2,833 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1.00

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2016 and

28 February 2015:

2016

2015

£

D Woolley

Balance outstanding at start of year

2,833

7,862

Amounts advanced

2,605

-

Amounts repaid

-

(5,029

)

Balance outstanding at end of year

5,438

2,833

Interest is charged on the loan at 3.25% and 3%.