Aim Strong Sport Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08349503 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2018

for

Aim Strong Sport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H I White

S J White

SECRETARY:

REGISTERED OFFICE:

24 Owen Close

Thorpe Astley

Braunstone

Leicestershire

LE3 3TZ

REGISTERED NUMBER:

08349503 (England and Wales)

ACCOUNTANTS:

CJK Accountants

4 Marsh Drive

Husbands Bosworth

Lutterworth

Leicestershire

LE17 6PU

FIXED ASSETS

Tangible assets

4

599

798

CURRENT ASSETS

Debtors

5

3,375

266

Cash at bank

1,129

886

4,504

1,152

CREDITORS

Amounts falling due within one year

6

5,067

1,948

NET CURRENT LIABILITIES

(563

)

(796

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36

2

PROVISIONS FOR LIABILITIES

34

-

NET ASSETS

2

2

CAPITAL AND RESERVES

Called up share capital

2

2

SHAREHOLDERS' FUNDS

2

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 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 Board of Directors on 25 October 2018 and were signed on its behalf by:

H I White - Director

1.	STATUTORY INFORMATION

Aim Strong Sport 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.

Plant and machinery etc

-

50% on cost and 25% on reducing balance

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 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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2017

and 31 January 2018

1,765

DEPRECIATION

At 1 February 2017

967

Charge for year

199

At 31 January 2018

1,166

NET BOOK VALUE

At 31 January 2018

599

At 31 January 2017

798

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Other debtors

3,375

266

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade creditors

466

340

Taxation and social security

2,877

1,086

Other creditors

1,724

522

5,067

1,948

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2018 and

31 January 2017:

31.1.18

31.1.17

£

£

H I White

Balance outstanding at start of year

265

2,233

Amounts advanced

2,508

-

Amounts repaid

(265

)

(1,968

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,508

265

S J White

Balance outstanding at start of year

1

1

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1

1