Altman Information Management Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08317901 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ALTMAN INFORMATION MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M R Altman

S W M Altman

S D Lindley

E K Lindley

REGISTERED OFFICE:

5 Lammas Court

Ling Lane

Scarcroft

Leeds

LS14 3JS

REGISTERED NUMBER:

08317901 (England and Wales)

ACCOUNTANTS:

Daggett and Company

Chartered Accountants

Parkway House

Palatine Road

Northenden

Manchester

M22 4DB

FIXED ASSETS

Tangible assets

2

2,285

2,533

CURRENT ASSETS

Debtors

63,595

31,247

Cash at bank

19,801

18,694

83,396

49,941

CREDITORS

Amounts falling due within one year

84,304

69,675

NET CURRENT LIABILITIES

(908

)

(19,734

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,377

(17,201

)

PROVISIONS FOR LIABILITIES

457

-

NET ASSETS/(LIABILITIES)

920

(17,201

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

820

(17,301

)

SHAREHOLDERS' FUNDS

920

(17,201

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 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 13 October 2016 and were signed on its behalf by:

M R Altman - Director

S D Lindley - 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 the net invoiced sales of software licences and maintenance 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 etc

-

25% 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 April 2015

3,850

Additions

652

At 31 March 2016

4,502

DEPRECIATION

At 1 April 2015

1,317

Charge for year

900

At 31 March 2016

2,217

NET BOOK VALUE

At 31 March 2016

2,285

At 31 March 2015

2,533

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary one pound

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

M R Altman

Balance outstanding at start of year

(35,327

)

(27,792

)

Amounts advanced

4,904

-

Amounts repaid

-

(7,535

)

Balance outstanding at end of year

(30,423

)

(35,327

)

S D Lindley

Balance outstanding at start of year

-

Amounts repaid

(6,333

)

-

Balance outstanding at end of year

(6,333

)

-

E K Lindley

Balance outstanding at start of year

-

Amounts repaid

(10,000

)

-

Balance outstanding at end of year

(10,000

)

-

Dividends of £10000 were paid to S D Lindley and E K Lindley. £624 was paid to the directors in respect of use

of home as office. (2015 £234)