Stagg Aviation Limited








		Stagg Aviation Limited

		Report and Accounts

		For the Period Ended
		31 May 2016









































		Company Number
		09621286
		Stagg Aviation Limited

		Report and Accounts

		Period Ending 31 May 2016



Contents		Page

Company Information		2

Report of the Directors		3

Profit and Loss Account		4

Balance Sheet		5

Notes to the Accounts		6 to 7




		Company Information

		Director

		Mr. Trevor Stagg



		Registered Office

		2 The Precinct
		Rest Bay
		Porthcawl
		Glamorgan
		CF36 3RF
















		Stagg Aviation Limited

		Report of the Directors

The director presents a report and financial statements for the year ended 31 May 2016

		Principal Activities

The principal activity of the company is the provision of contract services.


		Directors

The directors who served during the period and their interest in the shares of the company at the
beginning and end of the period were as follows:

				Ordinary Shares of 1GBP each
			31 May 2016		10 June 2015

Mr. Trevor Stagg			100		100



		Small Company

Advantage has been taken of special exemptions applicable to small companies in the preparation
of this report


Registered Office			On behalf of the board

2 The Precinct
Rest Bay
Porthcawl			_________________
CF36 3RF			Mr. Trevor Stagg
	This report was approved by the board on 10 February 2017 and signed on its behalf



















		Stagg Aviation Limited

		Trading and Profit and Loss Account

		Period Ending 31 May 2016


			Note	2016		2015
			No.	£		£


Turnover			1	41072		0

Less Cost of Sales				0		0
--------					--------
Gross Profit				41072		0

Administrative Expenses				29097		0
--------					--------
Operating Profit			2	11975		0
Interest Received				0		0
Interest Payable				0		0
--------					--------
Profit on Ordinary Activities Before Taxation				11975		0

Taxation			4	1918		0
--------					--------
Profit on Ordinary Activities After Taxation				10057		0

Dividends Paid				11250		0
--------					--------
Retained Surplus Transferred to Reserves			8	-1193		0
=====					=====


		Total Recognised Gains And Losses

There are no other gains or losses for the year other than those going through the profit and loss
account.

		Continuing Activities

All income and expenses are from continuing activities.











		Stagg Aviation Limited
		Balance Sheet As At
		31 May 2016
		Note	2016	2016	2015	2015
		No.	£	£	£	£

Fixed Assets	Intangible Assets	5		0		0
	Tangible Assets	5		3574		0
--------					--------
	Total Fixed Assets	5		3574		0

Current Assets:
Bank account			10650		0
Trade debtors			572		0
Work in progress			258		0
Directors loan account			0		0
--------				--------
			11480		0
Creditors:
Amounts Falling due Within One Year		6	16147		0
--------				--------
Net Current Assets				-4667		0
--------					--------
Total Assets Less Current Liabilities				-1093		0
=====					=====

Capital and Reserves				2016		2015
				£		£

Called up Share Capital		7		100		100
Profit and Loss Account		8		-1193		0
--------					--------
Shareholders Funds		8		-1093		100
=====					=====
The financial statements are hereby approved by the board of directors.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit
under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preperation of accounts. This statement fully complies
with section 475 of the Companies Act 2006.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006
applicable to companies subject to the small companies regime.




	Mr. Trevor Stagg			10 February 2017
____________________	(director)		_________________ Date
		Stagg Aviation Limited

		Notes to the Accounts

		Period Ending 31 May 2016
1. Accounting Policies

(a) The accounts have been prepared under the Historical Cost Convention. The principal policies
which the directors have adopted within that convention are set out below.

(b) Depreciation is provided on tangible fixed assets each year in order to write their value down
over their estimated lives. The rates that apply are as follows:
Office equipment			40%
Plant and equipment			15%

(c) The charge for taxation is based on the profit for the year and takes into account taxation
deferred because of timing differences between the treatment of certain items for accounting and
taxation purposes. Provision for deferred taxation is made under the liability method only to the
extent that it is probable that the liability will become payable in the foreseeable future.

(d) Turnover is stated as invoices issued, net of value added tax payable.


2. Operating Profit					2016		2015
					£		£
Operating profit is arrived at after charging:
Depreciation on tangible fixed assets					925		0

3. Directors Emoluments

The amounts received by the directors were as follows:
Management remuneration					10421		0

4. Deferred Tax
No provision has been made in respect of deferred taxation. The total potential provision
would have been nil.

5. Fixed Assets	Intangible
Fixed Asset				Tangible Fixed Assets
				Plant &	Office		Total
Cost	Goodwill	Cost		Equipment	Equipment		£
Opening balance	0	Opening balance		0	0		0
Additions	0	Additions		3500	999		4499
Disposals	0	Revaluations		0	0		0
Closing balance	0	Closing balance		3500	999		4499

Depreciation			Depreciation
Opening balance	0	Opening balance		0	0		0
Charge for the year	0	Charge for the year		525	400		925
Disposals	0	Revaluations		0	0		0
Closing balance	0	Closing balance		525	400		925

Net Book Value			Net Book Value
Closing balance	0	Closing balance		2975	599		3574

			Stagg Aviation Limited

			Notes to the Accounts (Continued)

			Period Ending 31 May 2016

6. Creditors: due within one year.					2016		2015
					£		£

Creditors and accruals					630		0
Corporation tax					1918		0
Paye and ni					301		0
VAT					1368		0
Directors loan account					11930		0
----------						----------
					16147		0
======						======
7. Share Capital

Allocated, called up and fully paid
Ordinary shares of one GBP each					100		100
======						======

8. Shareholders Funds				Share	Profit &	Shareholders
				Capital	Loss a/c		Funds
				£	£		£

Opening balance				100	0		100
Results for the year				0	-1193		-1193
----------					----------	----------
28 February 2016				100	-1193		-1093
======					======	======

9. Controlling Parties

A director and a controlling party of the company within the definition contained in FRS 8 is identified as:
Mr. Trevor Stagg
















			This is the end of the statutory financial statements