Abbreviated Company Accounts - MJS AVIATION TRAINING LTD

MJS AVIATION TRAINING LTD - Company Information

Registered Number 07039888

MJS AVIATION TRAINING LTD

Abbreviated Accounts

31 October 2014

MJS AVIATION TRAINING LTD Registered Number 07039888

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1	1
		1	1
Current assets
Debtors		-	539
Cash at bank and in hand		8,017	1,990
		8,017	2,529
Creditors: amounts falling due within one year		(10,704)	(5,051)
Net current assets (liabilities)		(2,687)	(2,522)
Total assets less current liabilities		(2,686)	(2,521)
Total net assets (liabilities)		(2,686)	(2,521)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(2,687)	(2,522)
Shareholders' funds		(2,686)	(2,521)

For the year ending 31 October 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 21 July 2015

And signed on their behalf by:
Michael Sadler, Director

MJS AVIATION TRAINING LTD Registered Number 07039888

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office equipment - 33.33% straight line

2Tangible fixed assets

	£
Cost
At 1 November 2013	1,539
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	1,539
Depreciation
At 1 November 2013	1,538
Charge for the year	-
On disposals	-
At 31 October 2014	1,538
Net book values
At 31 October 2014	1
At 31 October 2013	1