Abbreviated Company Accounts - GOLF KILO AVIATION LIMITED

Abbreviated Company Accounts - GOLF KILO AVIATION LIMITED

GOLF KILO AVIATION LIMITED - Company Information

Print Friendly Version

Registered Number 07596000

GOLF KILO AVIATION LIMITED

Abbreviated Accounts

31 December 2014

GOLF KILO AVIATION LIMITED Registered Number 07596000

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 40,139 42,584
Investments - -
40,139 42,584
Current assets
Stocks - -
Debtors - -
Investments - -
Cash at bank and in hand 14,461 11,924
14,461 11,924
Prepayments and accrued income 1,988 1,837
Creditors: amounts falling due within one year (2,182) (1,632)
Net current assets (liabilities) 14,267 12,129
Total assets less current liabilities 54,406 54,713
Creditors: amounts falling due after more than one year (5,000) (5,000)
Total net assets (liabilities) 49,406 49,713
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account (594) (287)
Shareholders' funds 49,406 49,713
  • For the year ending 31 December 2014 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 1 September 2015

And signed on their behalf by:
JAIPRAKASH PATEL, Director
NEIL WILSON, Director

GOLF KILO AVIATION LIMITED Registered Number 07596000

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnove is recognised at fair value of the consideration received or receivable for sale of goods and services in the ordinary nature of business. Turnover is shown net of Value Added Tax, of goods and services provided to memebrs of the aircraft group.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of a tangible fixed asset, less estimated residual value, over the useful economic life of that asset at a rate of 5% straight line basis.

2Tangible fixed assets
£
Cost
At 1 January 2014 48,900
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2014 48,900
Depreciation
At 1 January 2014 6,316
Charge for the year 2,445
On disposals 0
At 31 December 2014 8,761
Net book values
At 31 December 2014 40,139
At 31 December 2013 42,584