Airports Bureau Systems Ltd - Accounts to registrar (filleted) - small 18.2
Airports Bureau Systems Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 30 June 2021 |
| for |
| Airports Bureau Systems Ltd |
| Airports Bureau Systems Ltd (Registered number: 02591149) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Airports Bureau Systems Ltd |
| Company Information |
| for the Year Ended 30 June 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and Chartered Tax Advisers |
| 2 Castle Business Village |
| Station Road |
| Hampton |
| Middlesex |
| TW12 2BX |
| Airports Bureau Systems Ltd (Registered number: 02591149) |
| Balance Sheet |
| 30 June 2021 |
| 30.6.21 | 30.6.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Airports Bureau Systems Ltd (Registered number: 02591149) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2021 |
| 1. | STATUTORY INFORMATION |
| Airports Bureau Systems Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts receivable for licence fees, maintenance and support, development projects and other specific projects net of VAT and trade discounts. Licence and service revenues are recognised as the right to income accrues throughout the period and are based on the provisions of the underlying contracts. Development revenues are recognised as the work is performed and invoiced in arrears. Transactional revenues are recognised when the transaction takes place. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to the write off the cost less estimated residual value of each asset over its expected useful life, as follows: |
| Computer equipment etc 3 - 5 years straight line |
| Research and development |
| Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit. |
| Foreign currencies |
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pensions |
| The pension cost charged in the accounts represent the contributions payable by the company during the year. |
| Going concern |
| At the time of approving the financial statements, the directors have undertaken an assessment of the adequacy of the resources available to the company and have taken into account the impact of the coronavirus on the company as well as the expected support to businesses available from the government measures in place through the period of disruption caused by coronavirus. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis of accounting in preparing the financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Airports Bureau Systems Ltd (Registered number: 02591149) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2020 |
| and 30 June 2021 |
| DEPRECIATION |
| At 1 July 2020 |
| Charge for year |
| At 30 June 2021 |
| NET BOOK VALUE |
| At 30 June 2021 |
| At 30 June 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.21 | 30.6.20 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.21 | 30.6.20 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| The bank holds a debenture dated 08 August 2007 over all of the assets of the company. |
| 7. | PROVISIONS FOR LIABILITIES |
| 30.6.21 | 30.6.20 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Airports Bureau Systems Ltd (Registered number: 02591149) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2021 |
| 7. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2020 |
| Credit to Income Statement during year | ( |
) |
| Balance at 30 June 2021 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.21 | 30.6.20 |
| value: | £ | £ |
| Ordinary | £1 | 2,658 | 2,658 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 July 2020 |
| Profit for the year |
| At 30 June 2021 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |