1st Class Aerial & Satellite Systems Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07061479 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

1st Class Aerial & Satellite Systems

Limited

Page

Company Information

1

Statement by the Director

2

Chartered Certified Accountants' Independent Assurance Report

3

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

C C Savva

REGISTERED OFFICE:

Solutions House 36 Chase Way

Southgate

London

Greater London

N14 5DE

REGISTERED NUMBER:

07061479 (England and Wales)

ACCOUNTANTS:

Manaccs

Chartered Certified Accountants

Solutions House

36 Chase Way

Southgate

London

N14 5DE

I confirm that as a director I have met my duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of the company as at 31 October 2013 and of its profit for that period in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008); and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

C C Savva - Director

29 July 2014

We have performed certain procedures in respect of the company's unaudited financial statements for the year ended

31 October 2013 on pages nil to nil, made enquiries of the company's director and assessed accounting policies adopted

by the director, in order to gather sufficient evidence for our conclusion in this report.

This report is made solely to the company's director in accordance with the terms of our engagement letter dated

23 September 2013. It has been released to the director on the basis that this report shall not be copied, referred to or

disclosed, in whole (save for the director's own internal purposes or as may be required by law or by a competent

regulator) or in part, without our prior written consent. Our work has been undertaken so that we might state to the

director those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's

director for our work, for this report or the conclusions we have formed.

Respective responsibilities

You have confirmed that you have met your duty as set out in the director's statement on page nil. You consider that the

company is exempt from the statutory requirement for an audit for the year. Our responsibility is to form and express an

independent conclusion, based on the work carried out, to you on the financial statements.

Scope

We conducted our engagement in accordance with the Institute of Chartered Accountants in England & Wales Interim

Technical Release AAF 03/06. Our work was based primarily upon enquiry, analytical procedures and assessing

accounting policies in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). If

we considered it to be necessary, we also performed limited examination of evidence relevant to certain balances and

disclosures in the financial statements where we became aware of matters that might indicate a risk of material

misstatement in the financial statements.

The terms of our engagement exclude any requirement to carry out a comprehensive assessment of the risks of material

misstatement, a consideration of fraud, laws, regulations or internal controls, and we have not done so. We are not

required to, and we do not, express an audit opinion on these financial statements.

Conclusion

Based on our work, nothing has come to our attention to refute the director's confirmation that in accordance with the

Companies Act 2006 the financial statements give a true and fair view of the state of the company's affairs as at

31 October 2013 and of its profit for the year then ended and have been properly prepared in accordance with the

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

Manaccs

Chartered Certified Accountants

Solutions House

36 Chase Way

Southgate

London

N14 5DE

30 July 2014

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

1,955

2,607

1,956

2,608

CURRENT ASSETS

Debtors

3,023

3,390

Cash at bank

23,484

11,753

26,507

15,143

CREDITORS

Amounts falling due within one year

8,813

11,580

NET CURRENT ASSETS

17,694

3,563

TOTAL ASSETS LESS CURRENT LIABILITIES

19,650

6,171

CREDITORS

Amounts falling due after more than one year

19,308

-

NET ASSETS

342

6,171

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

242

6,071

SHAREHOLDERS' FUNDS

342

6,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 29 July 2014 and were signed by:

C C Savva - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

and 31 October 2013

1

NET BOOK VALUE

At 31 October 2013

1

At 31 October 2012

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

and 31 October 2013

6,174

DEPRECIATION

At 1 November 2012

3,567

Charge for year

652

At 31 October 2013

4,219

NET BOOK VALUE

At 31 October 2013

1,955

At 31 October 2012

2,607

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

100

Ordinary shares

£1

100

100