Classic Aviation Limited - Limited company - abbreviated - 11.6

Classic Aviation Limited - Limited company - abbreviated - 11.6

CLASSIC AVIATION LIMITED - Company Information

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REGISTERED NUMBER: 06463141 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

CLASSIC AVIATION LIMITED

CLASSIC AVIATION LIMITED (REGISTERED NUMBER: 06463141)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

CLASSIC AVIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2015







DIRECTOR: Miss P Komurkova





SECRETARY: Mr G R Murfin





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH





REGISTERED NUMBER: 06463141 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH
Page 1
CLASSIC AVIATION LIMITED (REGISTERED NUMBER: 06463141)

ABBREVIATED BALANCE SHEET
31 JANUARY 2015

31.1.15 31.1.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 107,321 113,121

CURRENT ASSETS
Cash at bank and in hand 843 8,831

CREDITORS
Amounts falling due within one year 3 304,718 311,045
NET CURRENT LIABILITIES (303,875 ) (302,214 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(196,554		 )
(189,093		 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (196,654 ) (189,193 )
SHAREHOLDERS' FUNDS (196,554 ) (189,093 )

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

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

The director acknowledges her 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 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 director on 21 October 2015 and were signed by:





Miss P Komurkova - Director


The notes form part of these abbreviated accounts

Page 2
CLASSIC AVIATION LIMITED (REGISTERED NUMBER: 06463141)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis on the understanding that the balance
sheet deficit is covered by the director's loan account. In addition, the director has given assurances that she will
continue to support the company by not withdrawing the loan in preference to other creditors.

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).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Aircraft - 5% on reducing balance
Fixtures and fittings - 10% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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 February 2014
and 31 January 2015 154,355
DEPRECIATION
At 1 February 2014 41,234
Charge for year 5,800
At 31 January 2015 47,034
NET BOOK VALUE
At 31 January 2015 107,321
At 31 January 2014 113,121

3. CREDITORS

Creditors include an amount of £ 76,278 (31.1.14 - £ 76,278 ) for which security has been given.

Page 3 continued...
CLASSIC AVIATION LIMITED (REGISTERED NUMBER: 06463141)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2015

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.15 31.1.14
value: £    £   
100 Ordinary £1 100 100

Page 4