AIM Engineering Cumbria Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08640793 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

AIM ENGINEERING CUMBRIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A J Birkett

REGISTERED OFFICE:

14A Main Street

Cockermouth

Cumbria

CA13 9LQ

REGISTERED NUMBER:

08640793 (England and Wales)

ACCOUNTANTS:

Tattersall Bailey

Chartered Accountants

14A Main Street

Cockermouth

Cumbria

CA13 9LQ

FIXED ASSETS

Tangible assets

2

2,751

360

CURRENT ASSETS

Cash at bank

18,460

17,269

CREDITORS

Amounts falling due within one year

11,171

11,920

NET CURRENT ASSETS

7,289

5,349

TOTAL ASSETS LESS CURRENT LIABILITIES

10,040

5,709

PROVISIONS FOR LIABILITIES

550

72

NET ASSETS

9,490

5,637

CAPITAL AND RESERVES

Called up share capital

3

100

1

Profit and loss account

9,390

5,636

SHAREHOLDERS' FUNDS

9,490

5,637

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 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 6 October 2016 and were signed by:

A J Birkett - 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 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 cost

Computer equipment

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

600

Additions

3,277

At 31 July 2016

3,877

DEPRECIATION

At 1 August 2015

240

Charge for year

886

At 31 July 2016

1,126

NET BOOK VALUE

At 31 July 2016

2,751

At 31 July 2015

360

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

100

Ordinary

£1

-

1

50

A Ordinary

£1

50

-

50

B Ordinary

£1

50

-

100

1

The following shares were allotted and fully paid for cash at par during the year:

99 Ordinary shares of £1 each

50 A Ordinary shares of £1 each

50 B Ordinary shares of £1 each

The 100 Ordinary shares were reclassified as 50 A Ordinary and 50 B Ordinary shares.