Abbreviated Company Accounts - MM AVIATION (NI) LTD

MM AVIATION (NI) LTD - Company Information

NI620924 MM AVIATION (NI) LTD 2014-09-30 false 2013-10-14 2014-09-30 true NI620924 2013-10-14 2014-09-30 NI620924 2014-09-30 NI620924 uk-gaap-cd-bus:Director1 2013-10-14 2014-09-30 NI620924 uk-gaap-cd-bus:Director2 2013-10-14 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-14 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number NI620924

MM AVIATION (NI) LTD

Abbreviated Accounts

30 September 2014

MM AVIATION (NI) LTD Registered Number NI620924

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014
		£
Called up share capital not paid		-
Fixed assets
Intangible assets		-
Tangible assets	2	100,208
Investments		-
		100,208
Current assets
Stocks		-
Debtors		20,768
Investments		-
Cash at bank and in hand		1,802
		22,570
Prepayments and accrued income		-
Creditors: amounts falling due within one year		(83,530)
Net current assets (liabilities)		(60,960)
Total assets less current liabilities		39,248
Creditors: amounts falling due after more than one year		(63,000)
Provisions for liabilities		0
Accruals and deferred income		0
Total net assets (liabilities)		(23,752)
Capital and reserves
Called up share capital	3	2
Share premium account		0
Revaluation reserve		0
Other reserves		0
Profit and loss account		(23,754)
Shareholders' funds		(23,752)

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 May 2015

And signed on their behalf by:
Marc Nugent, Director

MM AVIATION (NI) LTD Registered Number NI620924

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.
The company has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small company.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

The total turnover of the company for the period has been derived from its principal activity wholly undertaken in the UK.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% reducing balance

Other accounting policies
Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each

2Tangible fixed assets

	£
Cost
Additions	130,000
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	130,000
Depreciation
Charge for the year	29,792
On disposals	0
At 30 September 2014	29,792
Net book values
At 30 September 2014	100,208

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
2 Ordinary shares of £1 each	2