Pilot Services Flying Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06372549 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

PILOT SERVICES FLYING GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B W Hamilton

SECRETARY:

REGISTERED OFFICE:

2A Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

REGISTERED NUMBER:

06372549 (England and Wales)

ACCOUNTANTS:

Durrants - Calleva

Accountants and Tax Advisors

2A Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

FIXED ASSETS

Tangible assets

4

217,451

229,351

CURRENT ASSETS

Cash at bank

56

3,474

CREDITORS

Amounts falling due within one year

5

205,735

208,613

NET CURRENT LIABILITIES

(205,679

)

(205,139

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,772

24,212

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

11,752

24,192

11,772

24,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 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 director on 8 August 2019 and were signed by:

B W Hamilton - Director

1.	STATUTORY INFORMATION

Pilot Services Flying Group 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Plant and machinery etc

-

at varying rates on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2017

284,351

Additions

1,850

At 30 September 2018

286,201

DEPRECIATION

At 1 October 2017

55,000

Charge for year

13,750

At 30 September 2018

68,750

NET BOOK VALUE

At 30 September 2018

217,451

At 30 September 2017

229,351

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/18

30/9/17

£

£

Trade creditors

(1

)

-

Amounts owed to group undertakings

104,238

101,821

Taxation and social security

-

1,842

Other creditors

101,498

104,950

205,735

208,613