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AJK Research Limited
 

 
Unaudited Abbreviated Accounts
 
Year Ended 31 March 2015
 

 
Company Registration Number: 07159964

 

AJK Research Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 5

 

AJK Research Limited
Abbreviated Balance Sheet
31 March 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Intangible fixed assets

 

2

   

56,250

   

60,000

 

Tangible fixed assets

 

2

   

5,462

   

7,135

 
   

   

61,712

   

67,135

 

Current assets

 

             

Debtors

 

   

55,794

   

69,564

 

Cash at bank and in hand

 

   

84,086

   

84,324

 
   

   

139,880

   

153,888

 

Creditors: Amounts falling due within one year

 

   

(43,439)

   

(47,289)

 

Net current assets

 

   

96,441

   

106,599

 

Net assets

 

   

158,153

   

173,734

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

158,053

   

173,634

 

Shareholders' funds

 

   

158,153

   

173,734

 

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

 

AJK Research Limited
Abbreviated Balance Sheet
31 March 2015 ......... continued

For the year ending 31 March 2015 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 17 August 2015 and signed on its behalf by:

Mr A J Kyle
Director


Company Registration Number: 07159964

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

 

AJK Research Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... 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 goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Amortisation method and rate

Goodwill

20 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Equipment

25% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

AJK Research Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

At 1 April 2014

 

75,000

   

22,419

   

97,419

 

Additions

 

-

   

2,185

   

2,185

 

At 31 March 2015

 

75,000

   

24,604

   

99,604

 

Depreciation

                 

At 1 April 2014

 

15,000

   

15,284

   

30,284

 

Charge for the year

 

3,750

   

3,858

   

7,608

 

At 31 March 2015

 

18,750

   

19,142

   

37,892

 

Net book value

                 

At 31 March 2015

 

56,250

   

5,462

   

61,712

 

At 31 March 2014

 

60,000

   

7,135

   

67,135

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

100 Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

4

Related party transactions

Directors' advances and credits

 

2015
Advance/ Credit
£

2015
Repaid
£

2014
Advance/ Credit
£

2014
Repaid
£

Mrs H Kyle

Advances including interest at the HMRC offical rate of 4%

6,265

6,265

19,267

19,267

         
         

Mr A J Kyle

 

AJK Research Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

Advances including interest at the HMRC official rate of 4%

6,265

6,265

19,267

19,267