Aeromark Communications Limited - Abbreviated accounts

Aeromark Communications Limited - Abbreviated accounts

AEROMARK COMMUNICATIONS LIMITED - Company Information

Print Friendly Version

Registered number
02304681
Aeromark Communications Limited
Abbreviated Accounts
30 September 2014
Aeromark Communications Limited
Registered number: 02304681
Abbreviated Balance Sheet
as at 30 September 2014
Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 357 476
Investments 4 - -
357 476
Current assets
Stocks 167,070 210,168
Debtors 5 509,668 67,827
Investments held as current assets - -
Cash at bank and in hand 3,732,358 2,895,883
4,409,096 3,173,878
Creditors: amounts falling due within one year (3,329,496) (2,270,534)
Net current assets 1,079,600 903,344
Total assets less current liabilities 1,079,957 903,820
Creditors: amounts falling due after more than one year - -
Provisions for liabilities - -
Net assets 1,079,957 903,820
Capital and reserves
Called up share capital 7 100 100
Share premium - -
Revaluation reserve - -
Capital redemption reserve - -
Profit and loss account 1,079,857 903,720
Shareholders' funds 1,079,957 903,820
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Ms J K Marks
Director
Approved by the board on 4 June 2015
Aeromark Communications Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Fixtures and fittings 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Intangible fixed assets £
Cost
At 1 October 2013 -
Additions -
Disposals -
At 30 September 2014 -
Amortisation
At 1 October 2013 -
Provided during the year -
On disposals -
At 30 September 2014 -
Net book value
At 30 September 2014 -
At 30 September 2013 -
3 Tangible fixed assets £
Cost
At 1 October 2013 153,042
Additions -
Surplus on revaluation -
Disposals -
At 30 September 2014 153,042
Depreciation
At 1 October 2013 152,566
Charge for the year 119
Surplus on revaluation -
On disposals -
At 30 September 2014 152,685
Net book value
At 30 September 2014 357
At 30 September 2013 476
4 Investments £
Cost
At 1 October 2013 -
Additions -
Disposals -
At 30 September 2014 -
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
[Company name 1] Ordinary - - -
[Company name 2] Ordinary - - -
[Company name 3] Ordinary - - -
[Company name 4] Ordinary - - -
5 Debtors 2014 2013
£ £
Debtors include:
Amounts due after more than one year - -
6 Loans 2014 2013
£ £
Creditors include:
Amounts falling due for payment after more than five years - -
Secured bank loans - -
7 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
B Ordinary shares £1 each - - -
100 100
? Preference shares £1 each - - -
100 100
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - -
B Ordinary shares £1 each - -
-
? Preference shares £1 each - -
-
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Ms J K Marks
[Loan 1] - - - -
[Loan 2] - - - -
Mr R J Marks
[Loan 1] - - - -
[Loan 2] - - - -
[Director 3]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 4]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 5]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 6]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 7]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 8]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 9]
[Loan 1] - - - -
[Loan 2] - - - -
- - - -
9 Guarantees made by the company on behalf of directors
Description and terms Maximum Amount paid
liability and incurred
£ £
Ms J K Marks
[Guarantee 1] - -
[Guarantee 2] - -
Mr R J Marks
[Guarantee 1] - -
[Guarantee 2] - -
[Director 3]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 4]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 5]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 6]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 7]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 8]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 9]
[Guarantee 1] - -
[Guarantee 2] - -
- -
Aeromark Communications Limited 02304681 false true 2013-10-01 2014-09-30 2014-09-30 Ms J K Marks 02304681 uk-gaap:MoreThanFiveYears 2013-09-30 02304681 uk-bus:OrdinaryShareClass1 2013-09-30 02304681 uk-bus:OrdinaryShareClass2 2013-09-30 02304681 uk-bus:AllOrdinaryShares 2013-09-30 02304681 uk-bus:PreferenceShareClass1 2013-09-30 02304681 2013-10-01 2014-09-30 02304681 uk-bus:Director40 2013-10-01 2014-09-30 02304681 uk-gaap:PlantMachinery 2013-10-01 2014-09-30 02304681 uk-gaap:MotorVehicles 2013-10-01 2014-09-30 02304681 uk-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 02304681 uk-bus:OrdinaryShareClass2 2013-10-01 2014-09-30 02304681 uk-bus:PreferenceShareClass1 2013-10-01 2014-09-30 02304681 uk-bus:AllOrdinaryShares 2013-10-01 2014-09-30 02304681 uk-bus:Director1 2013-10-01 2014-09-30 02304681 uk-bus:Director2 2013-10-01 2014-09-30 02304681 uk-bus:Director3 2013-10-01 2014-09-30 02304681 uk-bus:Director4 2013-10-01 2014-09-30 02304681 uk-bus:Director5 2013-10-01 2014-09-30 02304681 uk-bus:Director6 2013-10-01 2014-09-30 02304681 uk-bus:Director7 2013-10-01 2014-09-30 02304681 uk-bus:Director8 2013-10-01 2014-09-30 02304681 uk-bus:Director9 2013-10-01 2014-09-30 02304681 uk-bus:AllEntityOfficers 2013-10-01 2014-09-30 02304681 2014-09-30 02304681 uk-gaap:MoreThanFiveYears 2014-09-30 02304681 uk-bus:OrdinaryShareClass1 2014-09-30 02304681 uk-bus:OrdinaryShareClass2 2014-09-30 02304681 uk-bus:AllOrdinaryShares 2014-09-30 02304681 uk-bus:PreferenceShareClass1 2014-09-30 02304681 uk-bus:Director1 2014-09-30 02304681 uk-bus:Director2 2014-09-30 02304681 uk-bus:Director3 2014-09-30 02304681 uk-bus:Director4 2014-09-30 02304681 uk-bus:Director5 2014-09-30 02304681 uk-bus:Director6 2014-09-30 02304681 uk-bus:Director7 2014-09-30 02304681 uk-bus:Director8 2014-09-30 02304681 uk-bus:Director9 2014-09-30 02304681 uk-bus:AllEntityOfficers 2014-09-30 02304681 2013-09-30 02304681 uk-bus:Director1 2013-09-30 02304681 uk-bus:Director2 2013-09-30 02304681 uk-bus:Director3 2013-09-30 02304681 uk-bus:Director4 2013-09-30 02304681 uk-bus:Director5 2013-09-30 02304681 uk-bus:Director6 2013-09-30 02304681 uk-bus:Director7 2013-09-30 02304681 uk-bus:Director8 2013-09-30 02304681 uk-bus:Director9 2013-09-30 02304681 uk-bus:AllEntityOfficers 2013-09-30 iso4217:GBP xbrli:shares