Sylmar Aviation & Services Limited - Abbreviated accounts 16.3

Sylmar Aviation & Services Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 01480288(England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

SYLMAR AVIATION & SERVICES LIMITED

SYLMAR AVIATION & SERVICES LIMITED (REGISTERED NUMBER: 01480288)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 OCTOBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SYLMAR AVIATION & SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 OCTOBER 2016







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

SYLMAR AVIATION & SERVICES LIMITED (REGISTERED NUMBER: 01480288)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

31.10.16 31.10.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,213 12,314

CURRENT ASSETS
Stocks 1,000 2,750
Debtors 5,516 6,398
Cash at bank and in hand 4,540 4,652
11,056 13,800
CREDITORS
Amounts falling due within one year 40,425 40,990
NET CURRENT LIABILITIES (29,369 ) (27,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,156

)

(14,876

)

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (26,256 ) (14,976 )
SHAREHOLDERS' FUNDS (26,156 ) (14,876 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 2 May 2017and were signed on its behalf by:





A J House- Director


SYLMAR AVIATION & SERVICES LIMITED (REGISTERED NUMBER: 01480288)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 OCTOBER 2016

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 January 2015).

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 2015 155,785
Disposals (143,308 )
At 31 October 2016 12,477
DEPRECIATION
At 1 November 2015 143,471
Eliminated on disposal (134,207 )
At 31 October 2016 9,264
NET BOOK VALUE
At 31 October 2016 3,213
At 31 October 2015 12,314

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.16 31.10.15
value: £    £   
100 Ordinary £1 100 100

SYLMAR AVIATION & SERVICES LIMITED (REGISTERED NUMBER: 01480288)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 OCTOBER 2016

4. BALANCE SHEET

The balance sheet shows an overall deficit of £26,156. The Directors are satisfied that the Company can meet its
liabilities as they fall due as the main creditor is the director's loan of £13,753.