Skyline Aero Limited - Limited company - abbreviated - 11.6

Skyline Aero Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 08446056 (England and Wales)
















Abbreviated Accounts

for the Year Ended 31 March 2015

for

Skyline Aero Limited

Skyline Aero Limited (Registered number: 08446056)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Skyline Aero Limited

Company Information
for the Year Ended 31 March 2015







DIRECTORS: B J Gregory
G R Jones





REGISTERED OFFICE: Hangar H1
Cotswold Airport
Kemble
Cirencester
Glos
GL7 6BA





REGISTERED NUMBER: 08446056 (England and Wales)





ACCOUNTANTS: GriffithClarke
Chartered Accountants
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Skyline Aero Limited (Registered number: 08446056)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 8,778 10,055

CURRENT ASSETS
Debtors 127,757 197,877
Cash at bank and in hand 237,921 10,595
365,678 208,472
CREDITORS
Amounts falling due within one year 260,824 169,796
NET CURRENT ASSETS 104,854 38,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,632

48,731

PROVISIONS FOR LIABILITIES 1,756 2,011
NET ASSETS 111,876 46,720

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 111,776 46,620
SHAREHOLDERS' FUNDS 111,876 46,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Skyline Aero Limited (Registered number: 08446056)

Abbreviated Balance Sheet - continued
31 March 2015


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 Board of Directors on 6 August 2015 and were signed on its
behalf by:




B J Gregory - Director



G R Jones - Director


Skyline Aero Limited (Registered number: 08446056)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

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 goods and services, excluding 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 13,407
Additions 1,649
At 31 March 2015 15,056
DEPRECIATION
At 1 April 2014 3,352
Charge for year 2,926
At 31 March 2015 6,278
NET BOOK VALUE
At 31 March 2015 8,778
At 31 March 2014 10,055

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
34 Ordinary £1 34 34
33 Ordinary A £1 33 33
33 Ordinary B £1 33 33
100 100