PrimeAim Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 03286901 (England and Wales)

Financial Statements

for the Year Ended 31 December 2016

for

PrimeAim Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P J Dyke

SECRETARY:

Mrs M E Dyke

REGISTERED OFFICE:

6 John Aubrey Close

Yatton Keynell

Chippenham

Wiltshire

SN14 7EG

REGISTERED NUMBER:

03286901 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

4

371

203

CURRENT ASSETS

Debtors

5

4,420

7,298

Cash at bank

2,642

2,638

7,062

9,936

CREDITORS

Amounts falling due within one year

6

6,084

9,691

NET CURRENT ASSETS

978

245

TOTAL ASSETS LESS CURRENT LIABILITIES

1,349

448

PROVISIONS FOR LIABILITIES

7

70

41

NET ASSETS

1,279

407

CAPITAL AND RESERVES

Called up share capital

8

100

1

Retained earnings

9

1,179

406

SHAREHOLDERS' FUNDS

1,279

407

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 April 2017 and were signed by:

P J Dyke - Director

1.	STATUTORY INFORMATION

PrimeAim Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2016

1,762

Additions

379

Disposals

(120

)

At 31 December 2016

2,021

DEPRECIATION

At 1 January 2016

1,559

Charge for year

183

Eliminated on disposal

(92

)

At 31 December 2016

1,650

NET BOOK VALUE

At 31 December 2016

371

At 31 December 2015

203

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

4,420

7,298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

-

2,979

Other creditors

6,084

6,712

6,084

9,691

7.	PROVISIONS FOR LIABILITIES

31.12.16

31.12.15

£

£

Deferred taxation

70

41

Deferred

tax

£

Balance at 1 January 2016

41

Charge to Income Statement during year

29

Balance at 31 December 2016

70

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

90

Ordinary

£1

90

1

(31.12.15 - 1 )

10

Ordinary A

£1

10

-

100

1

Allotted and issued:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

10

Ordinary A

£1

10

-

Shares were issued during the year as follows:

Cash at par

99 Ordinary shares of £1 for £ 99

As a bonus out of reserves

99 Ordinary shares of £1

9.

RESERVES

Retained

earnings

£

At 1 January 2016

406

Profit for the year

14,273

Dividends

(13,500

)

At 31 December 2016

1,179

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Dyke.