CAVOK_LIMITED - Accounts

CAVOK LIMITED - Company Information

Print Friendly Version

Company Registration No. 03284653 (England and Wales)

CAVOK LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

CAVOK LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CAVOK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

245

327

Investments

100

345

427

Current assets

Debtors

8,133

1,954

Cash at bank and in hand

4,030

6,592

12,163

8,546

Creditors: amounts falling due within one year

(1,969)

(1,523)

Net current assets

10,194

7,023

Total assets less current liabilities

10,539

7,450

Provisions for liabilities

(66)

10,539

7,384

Capital and reserves

Called up share capital

100

Profit and loss account

10,439

7,284

Shareholders' funds

10,539

7,384

CAVOK LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 9 April 2016

Mr C J Waldron

Director

Company Registration No. 03284653

CAVOK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

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 January 2015).

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:

Plant and machinery

25% Reducing Balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2015 & at 31 December 2015

19,123

100

19,223

Depreciation

At 1 January 2015

18,796

Charge for the year

At 31 December 2015

18,878

Net book value

At 31 December 2015

245

100

345

At 31 December 2014

327

100

427

CAVOK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

The company has invested £100 for 33.3% of the share capital of Aviation Applications Limited. The company is a related party by virtue of Christopher Waldron being a director of both companies.

Furthermore, £8,078 was loaned to Aviation Applications Limited. At the balance sheet date this amount was still outstanding and is shown in other debtors.