Aviation Turbine Services Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02102628 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Aviation Turbine Services Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

6,626

7,904

CURRENT ASSETS

Stocks

298,372

294,032

Debtors

20,869

24,199

319,241

318,231

CREDITORS

Amounts falling due within one year

3

246,058

336,904

NET CURRENT ASSETS/(LIABILITIES)

73,183

(18,673

)

TOTAL ASSETS LESS CURRENT LIABILITIES

79,809

(10,769

)

CAPITAL AND RESERVES

Called up share capital

4

81,500

81,500

Profit and loss account

(1,691

)

(92,269

)

SHAREHOLDERS' FUNDS

79,809

(10,769

)

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.

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 22 December 2015 and were signed on its behalf by:

N J Taaffe - Director

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, 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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

189,241

Additions

931

At 31 March 2015

190,172

DEPRECIATION

At 1 April 2014

181,337

Charge for year

2,209

At 31 March 2015

183,546

NET BOOK VALUE

At 31 March 2015

6,626

At 31 March 2014

7,904

3.

CREDITORS

Creditors include an amount of £ 65,544 (31.3.14 - £ 80,136 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

81,500

Ordinary shares

£1

81,500

81,500

5.	ULTIMATE PARENT COMPANY

Allied Holdings Limited is regarded by the directors as being the company's ultimate parent company.