Arrow Flying Associates Limited - Abbreviated accounts 16.3
Arrow Flying Associates Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31st March 2016 |
for |
ARROW FLYING |
ASSOCIATES LIMITED |
ARROW FLYING |
ASSOCIATES LIMITED (REGISTERED NUMBER: 04484813) |
Contents of the Abbreviated Accounts |
for the year ended 31st March 2016 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 5 |
ARROW FLYING |
ASSOCIATES LIMITED |
Company Information |
for the year ended 31st March 2016 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Arrow Flying |
Associates Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Arrow Flying Associates Limited for the year ended 31st March 2016 which comprise the Profit |
and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information |
and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Arrow Flying Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arrow Flying Associates Limited and state those matters that we have agreed to state to the director of Arrow Flying Associates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arrow Flying Associates Limited director for our work or for this report. |
It is your duty to ensure that Arrow Flying Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Arrow Flying Associates Limited. You consider that Arrow Flying Associates Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Arrow Flying Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
22nd December 2016 |
ARROW FLYING |
ASSOCIATES LIMITED (REGISTERED NUMBER: 04484813) |
Abbreviated Balance Sheet |
31st March 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
ARROW FLYING |
ASSOCIATES LIMITED (REGISTERED NUMBER: 04484813) |
Abbreviated Balance Sheet - continued |
31st March 2016 |
The financial statements were approved by the director on |
ARROW FLYING |
ASSOCIATES LIMITED (REGISTERED NUMBER: 04484813) |
Notes to the Abbreviated Accounts |
for the year ended 31st March 2016 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis, even though the company's liabilities |
exceed its total assets, as the director is of the opinion that the company will be able to meet its liabilities as and |
when they fall due with the continuing support of the director. |
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 January 2015). |
Tangible fixed assets |
Plant and machinery etc | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2015 |
and 31st March 2016 |
DEPRECIATION |
At 1st April 2015 |
Charge for year |
At 31st March 2016 |
NET BOOK VALUE |
At 31st March 2016 |
At 31st March 2015 |
3. | CREDITORS |
Creditors include an amount of £ |
ARROW FLYING |
ASSOCIATES LIMITED (REGISTERED NUMBER: 04484813) |
Notes to the Abbreviated Accounts - continued |
for the year ended 31st March 2016 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |