1013 Aviation Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06136256 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

1013 AVIATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A C Gray

REGISTERED OFFICE:

Unit B1F

Fairoaks Airport

Chobham

Surrey

GU24 8HU

REGISTERED NUMBER:

06136256 (England and Wales)

ACCOUNTANTS:

L E Marshall & Co

Chartered Accountants

Unit B1F

Fairoaks Airport

Chobham

Surrey

GU24 8HU

FIXED ASSETS

Tangible assets

4

-

4,022

CURRENT ASSETS

Debtors

5

20,022

20,700

Cash at bank and in hand

11,273

6,086

31,295

26,786

CREDITORS

Amounts falling due within one year

6

14,076

12,899

NET CURRENT ASSETS

17,219

13,887

TOTAL ASSETS LESS CURRENT LIABILITIES

17,219

17,909

PROVISIONS FOR LIABILITIES

-

764

NET ASSETS

17,219

17,145

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

17,218

17,144

SHAREHOLDERS' FUNDS

17,219

17,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 December 2020 and were signed by:

A C Gray - Director

1.	STATUTORY INFORMATION

1013 Aviation Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2019

3,919

3,399

36,703

44,021

Disposals

(854

)

-

(26,400

)

(27,254

)

At 31 March 2020

3,065

3,399

10,303

16,767

DEPRECIATION

At 1 April 2019

3,153

2,719

34,127

39,999

Charge for year

766

680

2,576

4,022

Eliminated on disposal

(854

)

-

(26,400

)

(27,254

)

At 31 March 2020

3,065

3,399

10,303

16,767

NET BOOK VALUE

At 31 March 2020

-

-

-

-

At 31 March 2019

766

680

2,576

4,022

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

8,010

540

Other debtors

12,012

20,160

20,022

20,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

-

5,959

Taxation and social security

12,276

5,990

Other creditors

1,800

950

14,076

12,899