G WATS Aviation Limited - Limited company - abbreviated - 11.6
G WATS Aviation Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 28th February 2015 |
| for |
| G WATS Aviation Limited |
| G WATS Aviation Limited (Registered number: 03004015) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 28th February 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| G WATS Aviation Limited |
| Company Information |
| for the Year Ended 28th February 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| G WATS Aviation Limited (Registered number: 03004015) |
| Abbreviated Balance Sheet |
| 28th February 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| The financial statements were approved by the Board of Directors on by: |
| G WATS Aviation Limited (Registered number: 03004015) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 28th February 2015 |
| 1. | ACCOUNTING POLICIES |
| Fundamental policy regarding going concern |
| The financial statements have been prepared on a going concern basis on the reliance of continuing financial |
| support from the company's directors. At the balance sheet date the company has an excess of liabilities over |
| assets at net book value of £46,381. The financial statements do not reflect any adjustments that might result |
| from the withdrawal of financial support, a cessation of trade and disposal of assets. |
| 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 services, excluding value added tax. |
| Tangible fixed assets |
| Flight Simulator | - |
| Equipment | - |
| Computer equipment | - |
| 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 1st March 2014 |
| Additions |
| At 28th February 2015 |
| DEPRECIATION |
| At 1st March 2014 |
| Charge for year |
| At 28th February 2015 |
| NET BOOK VALUE |
| At 28th February 2015 |
| At 28th February 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by M F Lassan by virtue of owning 75% of the issued shared capital |