|
|
|
|
|
|
|
|
|
|
|
Vange Aviation Limited |
|
|
|
|
|
Report and Accounts |
|
|
|
|
|
For the Year Ended |
|
|
|
|
31 March 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Company Number |
|
|
|
|
10127270 |
|
|
|
|
Vange Aviation Limited |
|
|
|
|
|
Report and Accounts |
|
|
|
|
|
Year Ending 31 March 2019 |
|
|
|
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 Vincent Smith |
|
|
|
|
|
|
|
Registered Office |
|
|
|
|
|
2 The Precinct |
|
|
|
|
Rest Bay |
|
|
|
|
Porthcawl |
|
|
|
|
Glamorgan |
|
|
|
|
CF36 3RF |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vange Aviation Limited |
|
|
|
|
|
Report of the Directors |
|
The director presents a report and financial statements for the year ended 31 March 2019 |
|
|
|
|
|
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 March 2019 |
|
1 April 2017 |
|
Mr Vincent Smith |
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 Vincent Smith |
|
|
This report was approved by the board on 10 December 2019 and signed on its behalf |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vange Aviation Limited |
|
|
|
|
|
Trading and Profit and Loss Account |
|
|
|
|
|
Year Ending 31 March 2019 |
|
|
|
|
|
|
|
Note |
2019 |
|
2018 |
|
|
|
|
|
No. |
£ |
|
£ |
|
|
Turnover |
1 |
15991 |
|
2832 |
|
Less Cost of Sales |
0 |
|
0 |
-------- |
-------- |
Gross Profit |
15991 |
|
2832 |
|
Administrative Expenses |
14173 |
|
11226 |
-------- |
-------- |
Operating Profit |
2 |
1818 |
|
-8394 |
Interest Received |
0 |
|
0 |
Interest Payable |
0 |
|
0 |
-------- |
-------- |
Profit on Ordinary Activities Before Taxation |
1818 |
|
-8394 |
|
Taxation |
4 |
0 |
|
0 |
-------- |
-------- |
Profit on Ordinary Activities After Taxation |
1818 |
|
-8394 |
|
Dividends Paid |
0 |
|
0 |
-------- |
-------- |
Retained Surplus Transferred to Reserves |
8 |
1818 |
|
-8394 |
===== |
===== |
|
|
|
|
|
|
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. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vange Aviation Limited |
|
|
|
|
Balance Sheet As At |
|
|
|
|
31 March 2019 |
|
|
|
|
Note |
2019 |
2019 |
2018 |
2018 |
|
|
|
|
No. |
£ |
£ |
£ |
£ |
|
Fixed Assets |
Intangible Assets |
5 |
|
1200 |
|
1800 |
|
|
Tangible Assets |
5 |
|
3113 |
|
3684 |
-------- |
-------- |
|
|
Total Fixed Assets |
5 |
|
4313 |
|
5484 |
|
Current Assets: |
Bank account |
174 |
|
0 |
Trade debtors |
831 |
|
0 |
Work in progress |
0 |
|
0 |
Directors loan account |
0 |
|
0 |
-------- |
-------- |
|
|
|
|
|
1005 |
|
0 |
Creditors: |
Amounts Falling due Within One Year |
6 |
20095 |
|
22079 |
-------- |
-------- |
Net Current Assets |
-19090 |
|
-22079 |
-------- |
-------- |
Total Assets Less Current Liabilities |
-14777 |
|
-16595 |
===== |
===== |
|
Capital and Reserves |
2019 |
|
2018 |
|
|
|
|
|
|
£ |
|
£ |
|
Called up Share Capital |
7 |
|
100 |
|
100 |
Profit and Loss Account |
8 |
|
-14877 |
|
-16695 |
-------- |
-------- |
Shareholders Funds |
8 |
|
-14777 |
|
-16595 |
===== |
===== |
The financial statements are hereby approved by the board of directors. |
|
|
|
|
|
|
Mr Vincent Smith |
10 December 2019 |
____________________ |
(director) |
_________________ Date |
|
|
|
|
Vange Aviation Limited |
|
|
|
|
|
Notes to the Accounts |
|
|
|
|
|
Year Ending 31 March 2019 |
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 |
2019 |
|
2018 |
|
|
|
|
|
|
£ |
|
£ |
Operating profit is arrived at after charging: |
Depreciation on tangible fixed assets |
571 |
|
686 |
|
|
|
|
|
|
|
|
|
3. Directors Emoluments |
|
The amounts received by the directors were as follows: |
Management remuneration |
8424 |
|
8164 |
|
|
|
|
|
|
|
|
|
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 |
3000 |
Opening balance |
5000 |
200 |
|
5200 |
Additions |
0 |
Additions |
0 |
0 |
|
0 |
Disposals |
0 |
Revaluations |
0 |
0 |
|
0 |
Closing balance |
3000 |
Closing balance |
5000 |
200 |
|
5200 |
|
|
|
|
|
|
|
|
|
Depreciation |
Depreciation |
Opening balance |
1200 |
Opening balance |
1388 |
128 |
|
1516 |
Charge for the year |
600 |
Charge for the year |
542 |
29 |
|
571 |
Disposals |
0 |
Revaluations |
0 |
0 |
|
0 |
Closing balance |
1800 |
Closing balance |
1930 |
157 |
|
2087 |
|
|
|
|
|
|
|
|
|
Net Book Value |
Net Book Value |
Closing balance |
1200 |
Closing balance |
3070 |
43 |
|
3113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Vange Aviation Limited |
|
|
|
|
|
Notes to the Accounts (Continued) |
|
|
|
|
|
Year Ending 31 March 2019 |
|
6. Creditors: due within one year. |
2019 |
|
2018 |
|
|
|
|
|
|
£ |
|
£ |
|
Creditors and accruals |
340 |
|
340 |
Corporation tax |
0 |
|
0 |
Paye and ni |
0 |
|
0 |
VAT |
0 |
|
0 |
Directors loan account |
19755 |
|
21739 |
---------- |
---------- |
|
|
|
|
|
|
20095 |
|
22079 |
====== |
====== |
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 |
-16695 |
|
-16595 |
Results for the year |
0 |
1818 |
|
1818 |
---------- |
---------- |
---------- |
31 March 2019 |
100 |
-14877 |
|
-14777 |
====== |
====== |
====== |
|
9. Controlling Parties |
|
A director and a controlling party of the company within the definition contained in FRS 8 is identified as: |
Mr Vincent Smith |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
This is the end of the statutory financial statements |