AIM Developing Ltd 31/12/2017 iXBRL

AIM Developing Ltd 31/12/2017 iXBRL

AIM DEVELOPING LTD - Company Information

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31/12/2017 2017-12-31 false false false false false false false false false false true false false true false false false false false true false false No description of principal activities is disclosed 2017-04-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 09505512 2017-04-01 2017-12-31 09505512 2017-12-31 09505512 2017-03-31 09505512 bus:OrdinaryShareClass1 2017-04-01 2017-12-31 09505512 bus:Director1 2017-04-01 2017-12-31 09505512 core:WithinOneYear 2017-12-31 09505512 core:WithinOneYear 2017-03-31 09505512 core:AfterOneYear 2017-12-31 09505512 core:AfterOneYear 2017-03-31 09505512 core:ShareCapital 2017-12-31 09505512 core:ShareCapital 2017-03-31 09505512 core:RetainedEarningsAccumulatedLosses 2017-12-31 09505512 core:RetainedEarningsAccumulatedLosses 2017-03-31 09505512 bus:OrdinaryShareClass1 core:ShareCapital 2017-12-31 09505512 bus:OrdinaryShareClass1 core:ShareCapital 2017-03-31 09505512 bus:SmallEntities 2017-04-01 2017-12-31 09505512 bus:AuditExempt-NoAccountantsReport 2017-04-01 2017-12-31 09505512 bus:AbridgedAccounts 2017-04-01 2017-12-31 09505512 bus:SmallCompaniesRegimeForAccounts 2017-04-01 2017-12-31 09505512 bus:PrivateLimitedCompanyLtd 2017-04-01 2017-12-31
Statement of consent to prepare abridged financial statements
All of the members of AIM Developing Ltd have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.
Company registration number: 09505512
AIM Developing Ltd
Information for filling with the registrar
31 December 2017
AIM Developing Ltd
Contents
Abridged statement of financial position
Notes to the financial statements
AIM Developing Ltd
Abridged statement of financial position
31 December 2017
31/12/17 31/03/17
Note £ £ £ £
Current assets
Stocks 2,936,040 2,555,559
Debtors 42,022 39,812
Cash at bank and in hand 634,034 1,024,020
_______ _______
3,612,096 3,619,391
Creditors: amounts falling due
within one year ( 120,329) ( 44,985)
_______ _______
Net current assets 3,491,767 3,574,406
_______ _______
Total assets less current liabilities 3,491,767 3,574,406
Creditors: amounts falling due
after more than one year ( 3,768,731) ( 3,732,313)
_______ _______
Net liabilities ( 276,964) ( 157,907)
_______ _______
Capital and reserves
Called up share capital 4 100 100
Profit and loss account ( 277,064) ( 158,007)
_______ _______
Shareholders deficit ( 276,964) ( 157,907)
_______ _______
For the period ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 September 2018 , and are signed on behalf of the board by:
Ramune Venslauskiene
Director
Company registration number: 09505512
AIM Developing Ltd
Notes to the financial statements
Period ended 31 December 2017
1. General information
The company is a private company limited by shares, registered in the UK. The address of the registered office is 4 Comeragh Road, London, England, W14 9HP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Going concern
The company meets its day to day working capital requirements through the continued support of its shareholder, which will continue for the foreseeable future, and at least 12 months from the date of signing these financial statements. On this basis the director considers that it is appropriate to prepare the financial statements on the going concern basis.
4. Called up share capital
Issued, called up and fully paid
31/12/17 31/03/17
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
5. Related party transaction
The company is a 100% subsidiary of UAB Klaipedos Terminalo Grupe, an overseas company.