COMMAND_PILOT_TRAINING_LI - Accounts

COMMAND PILOT TRAINING LIMITED - Company Information

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Company Registration No. 04643452 (England and Wales)

COMMAND PILOT TRAINING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

COMMAND PILOT TRAINING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

COMMAND PILOT TRAINING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

15,316

20,270

Current assets

Debtors

112,372

37,886

Cash at bank and in hand

41,577

27,235

153,949

65,121

Creditors: amounts falling due within one year

(222,344)

(171,819)

Net current liabilities

(68,395)

(106,698)

Total assets less current liabilities

(53,079)

(86,428)

(53,079)

(86,428)

Capital and reserves

Called up share capital

100

Profit and loss account

(53,179)

(86,528)

Shareholders' funds

(53,079)

(86,428)

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 July 2016

Miss K E Burnham

Director

Company Registration No. 04643452

COMMAND PILOT TRAINING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Turnover represents amounts receivable for goods and services ..

1.4

Tangible fixed assets and depreciation

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:

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Fixtures, fittings & equipment

25% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 January 2015

56,891

Additions

118

At 31 December 2015

57,009

Depreciation

At 1 January 2015

36,620

Charge for the year

5,073

At 31 December 2015

41,693

Net book value

At 31 December 2015

15,316

At 31 December 2014

20,270

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

COMMAND PILOT TRAINING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Ultimate parent company

The ultimate controlling party is Atlantic Holdings Limited whom owns 90% of the total share capital.