Sylmar Aviation & Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01480288 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

SYLMAR AVIATION & SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J House

Mrs A J Feeley

M R Telfer

R Davitt

SECRETARY:

Mrs A J Feeley

REGISTERED OFFICE:

1 High Street,

Thatcham

Berks

RG193JG

REGISTERED NUMBER:

01480288 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Tangible assets

2

12,314

16,563

CURRENT ASSETS

Stocks

2,750

2,750

Debtors

6,398

6,654

Cash at bank and in hand

4,652

4,335

13,800

13,739

CREDITORS

Amounts falling due within one year

40,990

23,987

NET CURRENT LIABILITIES

(27,190

)

(10,248

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,876

)

6,315

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(14,976

)

6,215

SHAREHOLDERS' FUNDS

(14,876

)

6,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 April 2016 and were signed on its behalf by:

A J House - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Hanger

-

0.5% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

155,394

Additions

391

At 31 October 2015

155,785

DEPRECIATION

At 1 November 2014

138,831

Charge for year

4,640

At 31 October 2015

143,471

NET BOOK VALUE

At 31 October 2015

12,314

At 31 October 2014

16,563

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

100

Ordinary

£1

100

100

4.	BALANCE SHEET