AZUL_TRADING_LIMITED - Accounts
AZUL_TRADING_LIMITED - Accounts
Company Registration No. 08005080 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
Registered Office
137123-BX-2014
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
- 1 -
2014
2013
Notes
£
£
£
£
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(11,920 )
(47,615 )
Total assets less current liabilities
(1,586 )
Capital and reserves
Called up share capital
2
Profit and loss account
(1,686 )
Shareholders' funds
(1,586 )
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 18 July 2014
Director
Company Registration No. 08005080
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
1
Accounting policies
1.1
Accounting convention
The financial statements have been prepared on the going concern basis. This is considered appropriate as the ultimate beneficial shareholders will continue to provide financial support to the company for the foreseeable future.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.5
Foreign currency translation
The company's accounting records are maintained in Sterling Pound.
Transactions in other currencies are converted at the rate ruling at the date of the transaction. Monetary assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.
Transactions in other currencies are converted at the rate ruling at the date of the transaction. Monetary assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.
2
Share capital
2014
2013
£
£
Allotted, called up and fully paid
The issued share capital represents 100 shares with a par value of £1 each.