Aim Financial Consulting Limited - Period Ending 2013-12-31

Registration number: 05325284

Aim Financial Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

Aim Financial Consulting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Aim Financial Consulting Limited
(Registration number: 05325284)
Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets		2			665			1,127
Current assets
Debtors					17,587			14,220
Investments					20,000			-
Cash at bank and in hand					167,358			129,072
					204,945			143,292
Creditors: Amounts falling due within one year					(36,231)			(35,132)
Net current assets					168,714			108,160
Total assets less current liabilities					169,379			109,287
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					169,279			109,187
Shareholders' funds					169,379			109,287

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 6 September 2014 and signed on its behalf by:

.........................................
L T Sargent
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Aim Financial Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of consultancy services provided to customers.

Depreciation

Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2013		2,743			2,743
At 31 December 2013		2,743			2,743
Depreciation
At 1 January 2013		1,616			1,616
Charge for the year		462			462
At 31 December 2013		2,078			2,078
Net book value
At 31 December 2013		665			665
At 31 December 2012		1,127			1,127

Page 2

Aim Financial Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4

Control

The company is controlled by L T Sargent, director, who owns 100% of the called up share capital.

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