INTEGRATED_AVIATION_SOLUTIONS_PRIVATE_LIMITED_31_Mar_2020_companies_house_set_of_accounts.html
INTEGRATED_AVIATION_SOLUTIONS_PRIVATE_LIMITED_31_Mar_2020_companies_house_set_of_accounts.html
Company registration number:
Statement of Financial Position
| 2020 | ||
|---|---|---|
| £ | ||
| Current assets | ||
| Cash at bank and in hand |
|
|
| Net current assets |
|
|
| Total assets less current liabilities | 1 | |
| Capital and reserves | ||
| Called up share capital |
|
|
| Profit and loss account | - | |
| Shareholders funds |
|
|
The company did not trade during the current year and has not made either a profit or a loss.
For the year ending 31 March 2020 , the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of directors and authorised for issue on 9 December 2020 , and are signed on behalf of the board by:
| Director |
Company registration number:
11861679
Notes to the Financial Statements
Year ended 31 March 2020
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 61 Lingfield Crescent , London , SE9 2RL , England.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Income Statement
The company is dormant as defined in section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year and therefore no income statement is presented within these financial statements.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4 Average number of employees
The average number of persons employed by the company during the year was Nil.