The Aim Sky High Company Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09238896 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

THE AIM SKY HIGH COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss C R Taylor

REGISTERED OFFICE:

56 Stanley Road

Old Trafford

Manchester

M16 9BY

REGISTERED NUMBER:

09238896 (England and Wales)

ACCOUNTANTS:

Sedulo Accountants Limited

Chartered Certified Accountants

Regency Court

62-66 Deansgate

Manchester

Lancashire

M3 2EN

FIXED ASSETS

Tangible assets

2

586

879

CURRENT ASSETS

Debtors

3,027

-

Cash at bank

651

253

3,678

253

CREDITORS

Amounts falling due within one year

3,712

5,060

NET CURRENT LIABILITIES

(34

)

(4,807

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

552

(3,928

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

551

(3,929

)

SHAREHOLDERS' FUNDS

552

(3,928

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 28 June 2017 and were signed by:

Miss C R Taylor - 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.

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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

1,172

DEPRECIATION

At 1 October 2015

293

Charge for year

293

At 30 September 2016

586

NET BOOK VALUE

At 30 September 2016

586

At 30 September 2015

879

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2016 and the

period ended 30 September 2015:

30.9.16

30.9.15

£

Miss C R Taylor

Balance outstanding at start of year

(4,310

)

-

Amounts advanced

7,337

-

Amounts repaid

-

(4,310

)

Balance outstanding at end of year

3,027

(4,310

)