Airian Technical Services Limited - Abbreviated accounts

AIRIAN TECHNICAL SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2014

































Company Registration Number: 07805040

AIRIAN TECHNICAL SERVICES LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the abbreviated financial statements									4 to 5

AIRIAN TECHNICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2014


DIRECTOR

I Foord


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Harvestway House
28 High Street
Witney
Oxon
OX28 6RA


COMPANY REGISTRATION NUMBER

07805040 England and Wales

AIRIAN TECHNICAL SERVICES LIMITED

BALANCE SHEET
AS AT 31 October 2014


	Notes	2014		2013
		£		£

FIXED ASSETS
Tangible assets	2		753		104

CURRENT ASSETS
Debtors		17,064		12,995
Cash at bank and in hand		50,901		48,475


		67,965		61,470

CREDITORS: Amounts falling due		20,534		26,195
within one year


NET CURRENT ASSETS			47,431		35,275


TOTAL ASSETS LESS CURRENT LIABILITIES			48,184		35,379

Provisions for liabilities and charges			151		21


NET ASSETS			48,033		35,358



CAPITAL AND RESERVES
Called up share capital	3		1		1
Profit and loss account			48,032		35,357


SHAREHOLDERS' FUNDS			48,033		35,358



These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the financial year ended 31 October 2014 the company was entitled to exemption from 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 preparation of accounts.

Signed on behalf of the board


I Foord
Director

Date approved by the board: 27 February 2015

AIRIAN TECHNICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover

	Turnover represents the provision of aviation engineering, maintenance and recovery services, net of value added tax.

	Turnover is recognised as contract activity progresses, in accordance with the terms of the contractual agreement and the stage of completion of the work. The amount of revenue reflects the partial performance of the company's contractual obligations. Where recorded turnover exceeds amounts invoiced to clients, the excess is classified as income.

	Tangible fixed assets

	Fixed assets are stated at cost less accumulated depreciation.

	Depreciation has been provided at the following rate so as to write off the cost less residual value of the assets over their estimated useful lives.

	Computer equipment	Straight line basis at 33% per annum

	Financial instruments

	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

	Foreign currencies

	Transactions in foreign currencies are translated at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Exchange differences are taken into account in arriving at the operating profit or loss.

2	TANGIBLE ASSETS
					Tangible assets
					£
	Cost
	At 1 November 2013				244

	Additions				974


	At 31 October 2014				1,218


	Accumulated depreciation
	At 1 November 2013				140

	Charge for year				325


	At 31 October 2014				465


	Net book value
	At 1 November 2013				104


	At 31 October 2014				753


3	SHARE CAPITAL
		Nominal value	Number	2014	2013
		£		£	£
	Allotted, called up and fully paid:
	Ordinary share	1	1	1	1


4	DIRECTOR'S TRANSACTIONS

	The maximum amount due to the company from the director during the year was as follows:

				2014	2013
				£	£
	I Foord			-	3,838