Sylmar Aviation & Services Limited - Accounts to registrar (filleted) - small 18.2

Sylmar Aviation & Services Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01480288(England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

SYLMAR AVIATION & SERVICES LIMITED

SYLMAR AVIATION & SERVICES LIMITED (REGISTERED NUMBER: 01480288)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 OCTOBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SYLMAR AVIATION & SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 OCTOBER 2017







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)

BALANCE SHEET
31 OCTOBER 2017

31.10.17 31.10.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - 3,213

CURRENT ASSETS
Stocks - 1,000
Debtors 4 5,214 5,516
Cash at bank and in hand 12,047 4,540
17,261 11,056
CREDITORS
Amounts falling due within one year 5 34,881 40,425
NET CURRENT LIABILITIES (17,620 ) (29,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,620

)

(26,156

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,720 ) (26,256 )
SHAREHOLDERS' FUNDS (17,620 ) (26,156 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 July 2018and were signed on its behalf by:





A J House- Director


SYLMAR AVIATION & SERVICES LIMITED (REGISTERED NUMBER: 01480288)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 OCTOBER 2017

1. STATUTORY INFORMATION

Sylmar Aviation & Services Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SYLMAR AVIATION & SERVICES LIMITED (REGISTERED NUMBER: 01480288)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 OCTOBER 2017

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2016 12,477
Disposals (12,477 )
At 31 October 2017 -
DEPRECIATION
At 1 November 2016 9,264
Eliminated on disposal (9,264 )
At 31 October 2017 -
NET BOOK VALUE
At 31 October 2017 -
At 31 October 2016 3,213

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Trade debtors 5,214 5,516

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Trade creditors (1 ) 9,973
Amounts owed to group undertakings - 3,056
Taxation and social security 656 7
Other creditors 34,226 27,389
34,881 40,425

6. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31 October 2017.

7. RELATED PARTY DISCLOSURES

During the year the company entered into transactions with Brimpton Airfield Limited ,a company in which the
director also has an interest.
At the year end the balance outstanding was £NIL due to Brimpton Airfield Ltd (2016: £3,056 due to Brimpton
Airfield Limited).

8. ULTIMATE CONTROLLING PARTY

The director, Mr A House, controls the company by virtue of a controlling interest of 99% of the issued ordinary
share capital.