Abbreviated Company Accounts - 365 AVIATION LIMITED

365 AVIATION LIMITED - Company Information

Registered Number 07488340

365 AVIATION LIMITED

Abbreviated Accounts

31 March 2016

365 AVIATION LIMITED Registered Number 07488340

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	9,271	8,408
		9,271	8,408
Current assets
Debtors		62,061	30,099
Cash at bank and in hand		863,354	580,345
		925,415	610,444
Creditors: amounts falling due within one year		(585,720)	(450,532)
Net current assets (liabilities)		339,695	159,912
Total assets less current liabilities		348,966	168,320
Total net assets (liabilities)		348,966	168,320
Capital and reserves
Called up share capital		101	101
Profit and loss account		348,865	168,219
Shareholders' funds		348,966	168,320

For the year ending 31 March 2016 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 August 2016

And signed on their behalf by:
Mr C Tofts, Director
Mr C Baker, Director

365 AVIATION LIMITED Registered Number 07488340

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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:

Fixtures, fittings & equipment 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	12,160
Additions	2,319
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	14,479
Depreciation
At 1 April 2015	3,752
Charge for the year	1,456
On disposals	-
At 31 March 2016	5,208
Net book values
At 31 March 2016	9,271
At 31 March 2015	8,408