Ainsworths Financial Services Limited - Limited company - abbreviated - 11.0.0

Ainsworths Financial Services Limited - Limited company - abbreviated - 11.0.0

AINSWORTHS FINANCIAL SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 04000799 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

AINSWORTHS FINANCIAL SERVICES LIMITED

AINSWORTHS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04000799)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2013










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

AINSWORTHS FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2013







DIRECTORS: I M W Dugmore LLB ACA CTA
P J Griffin
C N Robson
I A Duffy





SECRETARY: C N Robson





REGISTERED OFFICE: Panacea House
100 Manchester Road
Denton
Manchester
M34 3PR





REGISTERED NUMBER: 04000799 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY
Page 1
AINSWORTHS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04000799)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2013

31.12.13 31.12.12
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 4,245 8,517
Tangible assets 3 3,550 4,452
7,795 12,969

CURRENT ASSETS
Debtors 113,219 117,888
Cash in hand 1,262 898
114,481 118,786
CREDITORS
Amounts falling due within one year 4 77,263 81,312
NET CURRENT ASSETS 37,218 37,474
TOTAL ASSETS LESS CURRENT
LIABILITIES
45,013
50,443

CREDITORS
Amounts falling due after more than one
year
1,200
5,000
NET ASSETS 43,813 45,443

CAPITAL AND RESERVES
Called up share capital 5 316,359 316,359
Share premium 82,170 82,170
Profit and loss account (354,716 ) (353,086 )
SHAREHOLDERS' FUNDS 43,813 45,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
AINSWORTHS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04000799)

ABBREVIATED BALANCE SHEET - continued
31ST DECEMBER 2013


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 Board of Directors on 30th September 2014 and were signed on its
behalf by:





I M W Dugmore LLB ACA CTA - Director


The notes form part of these abbreviated accounts

Page 3
AINSWORTHS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04000799)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2013


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 services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on reducing balance and 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.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value
and depreciated over their expected useful lives. The interest element of leasing payments represents a constant
proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the
lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and
loss account on a straight line basis over the lease term.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Page 4 continued...
AINSWORTHS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04000799)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2013


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2013
and 31st December 2013 42,668
AMORTISATION
At 1st January 2013 34,151
Amortisation for year 4,272
At 31st December 2013 38,423
NET BOOK VALUE

At 31st December 2013 4,245
At 31st December 2012 8,517

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2013
and 31st December 2013 33,317
DEPRECIATION
At 1st January 2013 28,865
Charge for year 902
At 31st December 2013 29,767
NET BOOK VALUE
At 31st December 2013 3,550
At 31st December 2012 4,452

4. CREDITORS

Creditors include an amount of £ 25,368 (31.12.12 - £ 24,692 ) for which security has been given.

Page 5 continued...
AINSWORTHS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04000799)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2013


5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.13 31.12.12
value: £    £   
7,184 Ordinary A £1 7,184 7,184
27,750 Ordinary B £1 27,750 27,750
3,854 Ordinary C £1 3,854 3,854
12,603 Ordinary D £1 12,603 12,603
264,968 Ordinary E £1 264,968 264,968
316,359 316,359

6. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors. No single party has overall control.

Page 6