AIMWELL_LIMITED - Accounts

AIMWELL LIMITED - Company Information

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Company Registration No. 01520378 (England and Wales)

AIMWELL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

AIMWELL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AIMWELL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

681,583

683,737

Investments

681,608

683,762

Current assets

Debtors

230,662

Cash at bank and in hand

16,550

12,386

247,212

243,048

Creditors: amounts falling due within one year

(13,571)

(12,901)

Net current assets

233,641

230,147

Total assets less current liabilities

915,249

913,909

Capital and reserves

Called up share capital

100,000

Revaluation reserve

225,892

Profit and loss account

589,357

588,017

Shareholders' funds

915,249

913,909

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 September 2016

P Somaiya

Director

Company Registration No. 01520378

AIMWELL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for the rental of the company's own properties.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

No depreciation

Fixtures, fittings & equipment

20% Reducing balance

No depreciation is provided in respect of freehold land and buildings as they are maintained to such a level that depreciation is viewed unnecessary.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

AIMWELL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 January 2015 & at 31 December 2015

798,547

798,572

Depreciation

At 1 January 2015

114,810

Charge for the year

2,154

At 31 December 2015

116,964

Net book value

At 31 December 2015

681,583

681,608

At 31 December 2014

683,737

683,762

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Other significant interests

Edam Limited

England

Ordinary shares

25.00

Debtors

Debtors include an amount of £230,662 (2014 - £230,662) which is due after more than one year.

Share capital

2015

2014

Allotted, called up and fully paid

1,000,000 Ordinary shares of 10p each

100,000