Abbreviated Company Accounts - TERN AVIATION LIMITED

TERN AVIATION LIMITED - Company Information

05993893 TERN AVIATION LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05993893 2014-04-01 2015-03-31 05993893 2015-03-31 05993893 2014-03-31 05993893 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05993893 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05993893

TERN AVIATION LIMITED

Abbreviated Accounts

31 March 2015

TERN AVIATION LIMITED Registered Number 05993893

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	982	1,772
		982	1,772
Current assets
Debtors		21,960	22,699
Cash at bank and in hand		14,033	17,819
		35,993	40,518
Creditors: amounts falling due within one year		(17,626)	(24,385)
Net current assets (liabilities)		18,367	16,133
Total assets less current liabilities		19,349	17,905
Total net assets (liabilities)		19,349	17,905
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		19,348	17,904
Shareholders' funds		19,349	17,905

For the year ending 31 March 2015 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 31 December 2015

And signed on their behalf by:
M A Greenfield, Director

TERN AVIATION LIMITED Registered Number 05993893

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment 33% of costs
Fixtures, fittings & equipment 25% of book values

2Tangible fixed assets

	£
Cost
At 1 April 2014	6,493
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	6,493
Depreciation
At 1 April 2014	4,721
Charge for the year	790
On disposals	-
At 31 March 2015	5,511
Net book values
At 31 March 2015	982
At 31 March 2014	1,772

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1