PAQM Aero Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07733432 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

PAQM AERO LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Gaitens

REGISTERED OFFICE:

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

REGISTERED NUMBER:

07733432 (England and Wales)

ACCOUNTANTS:

Stanes Rand & Co

Chartered Accountants

10 Jesus Lane

Cambridge

England

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

2

1,510

-

CURRENT ASSETS

Debtors

128

17,431

Cash at bank and in hand

102,940

62,977

103,068

80,408

CREDITORS

Amounts falling due within one year

(34,075

)

(27,204

)

NET CURRENT ASSETS

68,993

53,204

TOTAL ASSETS LESS CURRENT LIABILITIES

70,503

53,204

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

70,501

53,202

SHAREHOLDERS' FUNDS

70,503

53,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 May 2015 and were signed by:

A Gaitens - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of consultancy services, exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33.33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,264

At 31 August 2014

2,264

DEPRECIATION

Charge for year

754

At 31 August 2014

754

NET BOOK VALUE

At 31 August 2014

1,510

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

1

Ordinary A

£1

1

1

2

2