DAEDALUS_AVIATION_(SERVIC - Accounts
DAEDALUS_AVIATION_(SERVIC - Accounts
Company Registration No. 06967292 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(136,645 )
(126,267 )
Net current liabilities
(122,349 )
(121,864 )
Total assets less current liabilities
(39,262 )
(24,114 )
Capital and reserves
Called up share capital
3
Profit and loss account
(39,272 )
(24,124 )
Shareholders' funds
(39,262 )
(24,114 )
Director's responsibilities:
-
-
Approved by the Board for issue on 17 March 2015
Director
Company Registration No. 06967292
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The accounts have been prepared on a going concern basis due to the reliance on input from the director.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Plant and machinery
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014 & at 31 December 2014
115,000
Depreciation
At 1 January 2014
17,250
Charge for the year
14,663
At 31 December 2014
31,913
Net book value
At 31 December 2014
83,087
At 31 December 2013
97,750
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
4
Control
The ultimate controlling party is the director, Mr C Young, by virtue of his shareholding
5
Related party transactions
Included in other creditors is £110,000 (2013: £110,000) owed to DAN Europe Services Limited of which Mr C Young is a director and shareholder
Included in other creditors is £17,786 (2013: £15,598) owed to the director Mr C Young, this amount is interest free and repayable on demand