Advanced Analysis and Integration Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04239001 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2016

FOR

ADVANCED ANALYSIS AND

INTEGRATION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Richardson

J J Corry

SECRETARY:

R J Richardson

REGISTERED OFFICE:

Voyager Building

Chicago Avenue

Manchester Airport

Manchester

M90 3DN

REGISTERED NUMBER:

04239001 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

Boulton House

17 - 21 Chorlton Street

Manchester

M1 3HY

FIXED ASSETS

Intangible assets

2

54,798

82,137

Tangible assets

3

1,097

1,518

Investments

4

-

3,500

55,895

87,155

CURRENT ASSETS

Stocks

56,200

89,797

Debtors

172,098

406,054

Cash at bank

5

29

228,303

495,880

CREDITORS

Amounts falling due within one year

5

437,924

176,222

NET CURRENT (LIABILITIES)/ASSETS

(209,621

)

319,658

TOTAL ASSETS LESS CURRENT LIABILITIES

(153,726

)

406,813

CREDITORS

Amounts falling due after more than one year

5

471,325

274,077

NET (LIABILITIES)/ASSETS

(625,051

)

132,736

CAPITAL AND RESERVES

Called up share capital

6

2,222

2,222

Share premium

186,681

186,681

Profit and loss account

(813,954

)

(56,167

)

SHAREHOLDERS' FUNDS

(625,051

)

132,736

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

The members have not required the company to obtain an audit of its financial statements for the period 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 22 December 2016 and were signed on its behalf by:

R J Richardson - 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, excluding value added tax, except for rental agreements over

one year, where the total value of the agreement is included in sales where it is expected that the value of the

returned rental unit at the end of the contract is deemed to be of negligible value.

Patents

Patents are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 10

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

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred.

Development expenditure is written off in the same year unless the directors are satisfied as to the technical,

commercial and financial viability of individual projects. In this situation, the expenditure is deferred and

amortised over the period from which the company is expected to benefit.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 March 2016

277,014

AMORTISATION

At 1 January 2015

194,877

Amortisation for period

27,339

At 31 March 2016

222,216

NET BOOK VALUE

At 31 March 2016

54,798

At 31 December 2014

82,137

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

13,072

Additions

1,432

At 31 March 2016

14,504

DEPRECIATION

At 1 January 2015

11,554

Charge for period

1,853

At 31 March 2016

13,407

NET BOOK VALUE

At 31 March 2016

1,097

At 31 December 2014

1,518

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

3,500

Impairments

(3,500

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 December 2014

3,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Authentication Technologies Limited

Nature of business: Technology

%

Class of shares:

holding

Ordinary

39.90

30.11.15

30.11.14

£

£

Aggregate capital and reserves

(20,910

)

(16,967

)

Loss for the year

(3,943

)

(22,366

)

5.

CREDITORS

Creditors include an amount of £ 317,823 for which security has been given.

They also include the following debts falling due in more than five years:

31.3.16

31.12.14

£

£

Repayable otherwise than by instalments

255,000

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.12.14

value:

£

£

2,222

Ordinary

£1

2,222

2,222

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following balances owed (by)/to the directors were outstanding at the year end:

31.03.16

31.12.14

£

£

J J Corry

(317,568

)

(229,033

)

R J Richardson

313,024

212,390

(4,544

)

(16,643

)

No interest was charged on these loans.

During the previous year the directors agreed that the two loans should be netted off against each other.

The directors have given joint and several guarantees regarding the bank loans and a number of the other loans.

The balances outstanding on these loans as at 31 March 2016 amounted to £434,004.