Company Registration No. 07568918 (England and Wales)
KASE AERO LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
KASE AERO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
KASE AERO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
329
997
Current assets
Debtors
1,700
4,050
Cash at bank and in hand
8,025
6,560
9,725
10,610
Creditors: amounts falling due within one year
(4,034)
(4,228)
Net current assets
5,691
6,382
Total assets less current liabilities
6,020
7,379
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
5,920
7,279
Shareholders' funds
6,020
7,379
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 October 2015
Mr M J Dougan
Director
Company Registration No. 07568918
KASE AERO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% per annum straight line basis
Fixtures, fittings & equipment
20% per annum reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
3,502
Depreciation
At 1 April 2014
2,505
Charge for the year
668
At 31 March 2015
3,173
Net book value
At 31 March 2015
329
At 31 March 2014
997
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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