Analytical Information Systems Ltd - Limited company - abbreviated

REGISTERED NUMBER: 02613379 (England and Wales)

ANALYTICAL INFORMATION SYSTEMS LTD

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

Dr M P Bertenshaw

Dr D W Darkin

Mrs S Bertenshaw

Mrs S D Darkin

SECRETARY:

Mrs S Bertenshaw

REGISTERED OFFICE:

Britannia Court

5 Moor Street

WORCESTER

Worcestershire

WR1 3DB

REGISTERED NUMBER:

02613379 (England and Wales)

FIXED ASSETS

Tangible assets

2

50,813

7,445

CURRENT ASSETS

Stocks

-

900

Debtors

119,712

46,033

Cash at bank and in hand

187,509

87,907

307,221

134,840

CREDITORS

Amounts falling due within one year

122,885

37,920

NET CURRENT ASSETS

184,336

96,920

TOTAL ASSETS LESS CURRENT
LIABILITIES

235,149

104,365

PROVISIONS FOR LIABILITIES

-

542

NET ASSETS

235,149

103,823

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

235,049

103,723

SHAREHOLDERS' FUNDS

235,149

103,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 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 Board of Directors on 17 February 2015 and were signed on its
behalf by:

Dr M P Bertenshaw - Director

Dr D W Darkin - 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 April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods and services, 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.

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

50% straight line and 33% straight line

Stocks and service contracts

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Service contracts are accounted for under the stage of completion method and included at the contract

value.

Deferred tax

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

the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

65,264

Additions

61,854

Disposals

(3,079

)

At 31 May 2014

124,039

DEPRECIATION

At 1 June 2013

57,819

Charge for year

17,512

Eliminated on disposal

(2,105

)

At 31 May 2014

73,226

NET BOOK VALUE

At 31 May 2014

50,813

At 31 May 2013

7,445

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

50

Share capital 2

£1

50

Share capital 3

£1

50

100

4.	RELATED PARTY DISCLOSURES

During the year rental payments of £23,000 (2013 £23,000) were made for a property occupied by the

company under a lease with the Self Invested Personal Pension (SIPP) of the directors and

shareholders.

During the year the company paid for services with a value of £12,895 (2013 £12,643) from Darkin

Systems Limited, a company of which Mr G Darkin is a director, son of the Directors Dr D and Mrs S

Darkin.

During the year dividends totalling £48,000 (2013 £42,000) were paid to the directors, Dr D and Mrs S

Darkin and Dr M and Mrs S Bertenshaw.

5.	CONTROLLING INTEREST

The company is under the common control of the directors by virtue of them each having 25% of the

issued share capital in the company.

Analytical Information Systems Ltd - Limited company - abbreviated - 11.6

Analytical Information Systems Ltd - Limited company - abbreviated - 11.6