Registered number
07253888
AIC Oxford Consultants (UK) Limited
Filleted Accounts
31 May 2018
AIC Oxford Consultants (UK) Limited
Registered number: 07253888
Balance Sheet
as at 31 May 2018
Notes 2018 2017
£ £
Current assets
Cash at bank and in hand 2,643 445
Creditors: amounts falling due within one year 2 (2,784) (2,480)
Net current liabilities (141) (2,035)
Net liabilities (141) (2,035)
Capital and reserves
Called up share capital 6 6
Profit and loss account (147) (2,041)
Shareholders' funds (141) (2,035)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Khouri
Director
Approved by the board on 18 February 2019
AIC Oxford Consultants (UK) Limited
Notes to the Accounts
for the year ended 31 May 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Creditors: amounts falling due within one year 2018 2017
£ £
Taxation and social security costs 74 1,580
Other creditors 2,710 900
2,784 2,480
3 Other information
AIC Oxford Consultants (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
5-6 George Street
St Albans
AL3 4ER
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