ASSOCIATED_INDUSTRIAL_CON - Accounts

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED - Company Information

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Company Registration No. 02803632 (England and Wales)

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

4,740

6,180

Current assets

Debtors

255,029

300,895

Cash at bank and in hand

85,414

55,050

340,443

355,945

Creditors: amounts falling due within one year

(317,610)

(350,114)

Net current assets

22,833

5,831

Total assets less current liabilities

27,573

12,011

Capital and reserves

Called up share capital

100

Profit and loss account

27,473

11,911

Shareholders' funds

27,573

12,011

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 his 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 30 October 2014

N R Stewart Esq

Director

Company Registration No. 02803632

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

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

Fixtures, fittings & equipment

20% on reducing balance

Motor vehicles

25% Reducing balance

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2013 & at 31 December 2013

12,269

1,000

13,269

Depreciation

At 1 January 2013

6,089

1,000

7,089

Charge for the year

1,440

At 31 December 2013

7,529

1,000

8,529

Net book value

At 31 December 2013

4,740

At 31 December 2012

6,180

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

Subsidiary undertakings

Lonsolutions Limited

England and Wales

Ordinary

100.00

ASSOCIATED INDUSTRIAL CONTROL SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2013

Principal activity

Lonsolutions Limited

Non-trading company

(210)

Share capital

2013

2012

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100