AVEDEQ_LIMITED - Accounts

AVEDEQ LIMITED - Company Information

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Company Registration No. 04196110 (England and Wales)

AVEDEQ LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

AVEDEQ LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AVEDEQ LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

2,515

3,972

Current assets

Debtors

5,520

9,950

Cash at bank and in hand

21,984

21,279

27,504

31,229

Creditors: amounts falling due within one year

(21,403)

(32,908)

Net current assets/(liabilities)

6,101

(1,679)

Total assets less current liabilities

8,616

2,293

Capital and reserves

Called up share capital

100

Profit and loss account

8,516

2,193

Shareholders' funds

8,616

2,293

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 August 2014

Mr Peter Quainton

Director

Company Registration No. 04196110

AVEDEQ LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is expected to continue to generate positive cash flows on its own account for the foreseeable future. On this basis, and on thier assessment of the company's financial position, the company's directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

1.2

Turnover

Turnover represents amounts receivable for the provision of flying services and aviation consultancy net of VAT.

1.3

Tangible fixed assets and depreciation

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

Computer equipment

33 1/3% straight line on cost

Fixtures, fittings & equipment

10 % reducing balance and 25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2013 & at 30 April 2014

24,596

Depreciation

At 1 May 2013

20,624

Charge for the year

1,457

At 30 April 2014

22,081

Net book value

At 30 April 2014

2,515

At 30 April 2013

3,972

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

AVEDEQ LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Control

The company is controlled by its directors P. Quainton and Mrs B. Quainton who hold 100% of the issued share capital.