365 AVIATION LIMITED

365 AVIATION LIMITED

365 AVIATION LIMITED - Company Information

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365 AVIATION LIMITED

Company Registration Number:
07488340 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

365 AVIATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

365 AVIATION LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 7,985 7,882
Total fixed assets: 7,985 7,882
Current assets
Debtors:   327,896 583,618
Cash at bank and in hand: 1,082,318 1,141,442
Total current assets: 1,410,214 1,725,060
Creditors: amounts falling due within one year:   (862,360) (1,225,984)
Net current assets (liabilities): 547,854 499,076
Total assets less current liabilities: 555,839 506,958
Provision for liabilities: (1,395)
Total net assets (liabilities): 554,444 506,958
Capital and reserves
Called up share capital: 101 101
Profit and loss account: 554,343 506,857
Shareholders funds: 554,444 506,958

The notes form part of these financial statements

365 AVIATION LIMITED

Balance sheet statements

For the year ending 31 March 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 July 2018
and signed on behalf of the board by:

Name: Mr C Tofts
Status: Director

The notes form part of these financial statements

365 AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write of the cost or valuation of assets less their residual values over their useful lives on the following bases:Fixtures, fittings & equipment - 15% reducing balance

365 AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 5 5

365 AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Tangible Assets

Total
Cost £
At 01 April 2017 13,716
Additions 1,959
Disposals (1,696)
At 31 March 2018 13,979
Depreciation
At 01 April 2017 5,834
Charge for year 1,097
On disposals (937)
At 31 March 2018 5,994
Net book value
At 31 March 2018 7,985
At 31 March 2017 7,882