Aaron Isaac Potentials Limited - Limited company - abbreviated

REGISTERED NUMBER: 07269882 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

AARON ISAAC POTENTIALS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr I Bashir

REGISTERED OFFICE:

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

REGISTERED NUMBER:

07269882 (England and Wales)

ACCOUNTANTS:

Russell Payne & Co Limited

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

FIXED ASSETS

Intangible assets

2

6,667

7,333

CURRENT ASSETS

Debtors

40,985

37,996

Investments

1,000

Cash at bank

489,993

386,993

531,978

425,989

CREDITORS

Amounts falling due within one year

29,283

27,260

NET CURRENT ASSETS

502,695

398,729

TOTAL ASSETS LESS CURRENT
LIABILITIES

509,362

406,062

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

509,262

405,962

SHAREHOLDERS' FUNDS

509,362

406,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 15 January 2016 and were signed by:

Dr I Bashir - 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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen years.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

10,000

AMORTISATION

At 1 July 2014

2,667

Amortisation for year

666

At 30 June 2015

3,333

NET BOOK VALUE

At 30 June 2015

6,667

At 30 June 2014

7,333

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to the a director subsisted during the years ended 30 June 2015 and

30 June 2014:

2015

2014

£

Dr I Bashir

Balance outstanding at start of year

-

Amounts advanced

21,865

-

Amounts repaid

-

Balance outstanding at end of year

21,865

-

The balance above is repaid within 9 months of the company's balance sheet date