Registered Number
:
SC
506501
|
For the year ended 31 May 2017
Scotland
Unaudited Financial Statements
For the year ended 31 May 2017
AIS003 Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
AIS003 Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
1,736
1,792
2
1,736
1,792
23,523
21,563
3
15,092
Cash and cash equivalents
|
4,978
26,541
38,615
Trade and other payables
:
amounts falling due within
|
one year
|
(21,923)
(15,055)
4
16,692
11,486
Net current assets
Total assets less current liabilities
|
13,222
18,484
13,222
Net assets
18,484
13,222
18,484
13,222
18,484
Shareholders' funds
For the year ended 31 May 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
Mr Mohammed a Arshad Director
|
These financial statements were approved and authorised for issue by the Board on 27 February 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 May 2017
AIS003 Limited
Notes to the Financial Statements
Statutory Information
AIS
003
Limited is a private limited company
,
limited by shares
,
domiciled in Scotland
,
registration number
|
SC
506501
.
|
Tannery Garage
Grangemouth Road
Falkirk
FK2 9DD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 May 2017
AIS003 Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
2,217
378
2,595
Provision for depreciation and impairment
|
425
Charge for year
434
859
1,736
1,792
2016
2017
21,563
23,523
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
6,362
6,521
Taxation and social security
|
6,391
6,717
2,302
8,685
15,055
21,923
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