Airinc Research UK Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07831491 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2013

FOR

AIRINC RESEARCH UK LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S R Brink

T P Brazier

SECRETARY:

REGISTERED OFFICE:

2 White Lion Court

Cornhill

London

EC3V 3NP

REGISTERED NUMBER:

07831491 (England and Wales)

ACCOUNTANTS:

Connor Warin Limited

Trinity House

Sewardstone Road

Waltham Abbey

Essex

EN9 1PH

FIXED ASSETS

Tangible assets

2

25,869

458

CURRENT ASSETS

Debtors

3

411,143

115,174

Cash at bank and in hand

34,965

13,728

446,108

128,902

CREDITORS

Amounts falling due within one year

169,845

81,022

NET CURRENT ASSETS

276,263

47,880

TOTAL ASSETS LESS CURRENT LIABILITIES

302,132

48,338

CREDITORS

Amounts falling due after more than one year

492,884

374,900

NET LIABILITIES

(190,752

)

(326,562

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(190,753

)

(326,563

)

SHAREHOLDERS' FUNDS

(190,752

)

(326,562

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 25 June 2014 and were signed on its behalf by:

S R Brink - 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 services, 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.

Improvements to property

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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

Rentals paid under operating leases are charged to the profit and loss

account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions

payable to the company's pension scheme are charged to the profit and loss

account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

611

Additions

34,085

At 31 December 2013

34,696

DEPRECIATION

At 1 January 2013

153

Charge for year

8,674

At 31 December 2013

8,827

NET BOOK VALUE

At 31 December 2013

25,869

At 31 December 2012

458

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £

203,170

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

£0.01

1

1

5.	ULTIMATE PARENT COMPANY

Airinc International Holdings BV (incorporated in The Netherlands ) is

regarded by the directors as being the company's ultimate parent company.

6.	GOING CONCERN

Although the company's balance sheet shows that it is insolvent at the year

end the loans from it's previous owners Associates for International

Research Inc totalling £26,864 and its currents owners Airinc International

Holding BV totalling £466,020 are considered long term and will not be

demanded for repayment in the foreseeable future.