Company Registration No. 07069923 (England and Wales)
AIL ESCORTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2015
AIL ESCORTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AIL ESCORTS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
19,999
21,730
Current assets
Debtors
18,901
22,596
Cash at bank and in hand
77,871
73,044
96,772
95,640
Creditors: amounts falling due within one year
(46,140)
(42,563)
Net current assets
50,632
53,077
Total assets less current liabilities
70,631
74,807
Provisions for liabilities
(2,876)
(3,512)
67,755
71,295
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
67,754
71,294
Shareholders' funds
67,755
71,295
For the financial year ended 31 May 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 member has 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 16 November 2015
R L Brandley
Director
Company Registration No. 07069923
AIL ESCORTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Plant and machinery
25% reducing balance
Computer equipment
35% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2014
44,802
Additions
12,315
Disposals
(17,128)
At 31 May 2015
39,989
Depreciation
At 1 June 2014
23,073
On disposals
(9,902)
Charge for the year
6,819
At 31 May 2015
19,990
Net book value
At 31 May 2015
19,999
At 31 May 2014
21,730
AIL ESCORTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 ordinary share of £1 each
1
1
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