AIB Project Services Limited - Accounts to registrar (filleted) - small 18.2

AIB Project Services Limited - Accounts to registrar (filleted) - small 18.2

AIB PROJECT SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 09184931 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

AIB PROJECT SERVICES LIMITED
AIB PROJECT SERVICES LIMITED (REGISTERED NUMBER: 09184931)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIB PROJECT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2018







DIRECTORS: Mr PN Mellings
Mrs NA Mellings





REGISTERED OFFICE: Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 09184931 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co Limited
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH
Page 1
AIB PROJECT SERVICES LIMITED (REGISTERED NUMBER: 09184931)

BALANCE SHEET
31ST DECEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 854 560

CURRENT ASSETS
Debtors 5 13,251 11,803
Cash at bank 65,399 109,451
78,650 121,254
CREDITORS
Amounts falling due within one year 6 18,063 36,034
NET CURRENT ASSETS 60,587 85,220
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,441
85,780

PROVISIONS FOR LIABILITIES 162 106
NET ASSETS 61,279 85,674

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 61,179 85,574
SHAREHOLDERS' FUNDS 61,279 85,674

The notes form part of these financial statements

Page 2 continued...
AIB PROJECT SERVICES LIMITED (REGISTERED NUMBER: 09184931)

BALANCE SHEET - continued
31ST DECEMBER 2018


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 5th April 2019 and were signed on its
behalf by:





Mr PN Mellings - Director


The notes form part of these financial statements

Page 3
AIB PROJECT SERVICES LIMITED (REGISTERED NUMBER: 09184931)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2018


1. STATUTORY INFORMATION

AIB Project Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The trading address is 10 Church Close, Tilstock, Whitchurch, Shropshire, SY13 3JH.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors,
and bank loans. Instruments such as trade debtors and creditors are initially recognised at their
transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on
demand or due within one year, such as bank loans, are measured at amortised cost using the
effective interest rate.

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.


Page 4 continued...
AIB PROJECT SERVICES LIMITED (REGISTERED NUMBER: 09184931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2018


2. ACCOUNTING POLICIES - continued
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 3 (2017 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2018 292 801 1,093
Additions - 712 712
Disposals - (801 ) (801 )
At 31st December 2018 292 712 1,004
DEPRECIATION
At 1st January 2018 24 509 533
Charge for year 67 259 326
Eliminated on disposal - (709 ) (709 )
At 31st December 2018 91 59 150
NET BOOK VALUE
At 31st December 2018 201 653 854
At 31st December 2017 268 292 560

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 12,960 11,520
Other debtors 291 283
13,251 11,803

Page 5 continued...
AIB PROJECT SERVICES LIMITED (REGISTERED NUMBER: 09184931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2018


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 3,851 4,192
Taxation and social security 11,142 28,789
Other creditors 3,070 3,053
18,063 36,034

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in
which the entity has a participating interest and directors were all concluded under normal market
conditions.

Page 6