PW AEROTECH LIMITED Accounts filed on 31-08-2015

PW AEROTECH LIMITED Accounts filed on 31-08-2015

PW AEROTECH LIMITED - Company Information

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PW AEROTECH LIMITED




Company Registration Number:
08748132 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st September 2014

End date: 31st August 2015

SUBMITTED

PW AEROTECH LIMITED

Company Information
for the Period Ended 31st August 2015




Director: Philip Wallace
Registered office: 2 The Precinct
Rest Bay
Porthcawl
Mid Glamorgan
CF36 3RF
Company Registration Number: 08748132 (England and Wales)

PW AEROTECH LIMITED

Directors' Report Period Ended 31st August 2015

The directors present their report with the financial statements of the company for the period ended 31st August 2015

Principal activities
The principal activity of the company in the period under review was:
Engineering

Directors
The directors shown below have held office during the whole of the period from
01st September 2014 to 31st August 2015
Philip Wallace

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 20 May 2016
And Signed On Behalf Of The Board By:

Name: Philip Wallace
Status: Director

PW AEROTECH LIMITED

Profit and Loss Account

for the Period Ended 31st August 2015

Notes 2015
£		 2014
£
Turnover: 11,115 51,168
Gross profit or (loss): 11,115 51,168
Administrative expenses: , 10,486 21,227
Operating profit or (loss): 629 29,941
Profit or (loss) on ordinary activities before taxation: 629 29,941
Tax on profit or (loss) on ordinary activities: 502 3,688
Profit or (loss) for the financial year: 127 26,253

The notes form part of these financial statements

PW AEROTECH LIMITED

Statement of total recognised gains and losses
31st August 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

PW AEROTECH LIMITED

Balance sheet
As at 31st August 2015

Notes 2015
£		 2014
£
Fixed assets
Tangible assets: 2 10,436 12,394
Total fixed assets: 10,436 12,394
Current assets
Debtors: - 6,405
Cash at bank and in hand: 176 18,381
Total current assets: 176 24,786
Creditors: amounts falling due within one year 10,132 36,827
Net current assets (liabilities): ( 9,956 ) ( 12,041 )
Total assets less current liabilities: 480 353
Total net assets (liabilities): 480 353

The notes form part of these financial statements

PW AEROTECH LIMITED

Balance sheet
As at 31st August 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 3 100 100
Profit and Loss account: 4 380 253
Total shareholders funds: 480 353

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 20 May 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Philip Wallace
Status: Director

The notes form part of these financial statements

PW AEROTECH LIMITED

Notes to the Financial Statements
for the Period Ended 31st August 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    1. Accounting Policies (a) The accounts have been prepared under the Historical Cost Convention. The principal policies which the directors have adopted within that convention are set out below. (b) Depreciation is provided on tangible fixed assets each year in order to write their value down over their estimated lives. The rates that apply are as follows: Computer equipment 40% Plant and equipment 15% (c) The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for accounting and taxation purposes. Provision for deferred taxation is made under the liability method only to the extent that it is probable that the liability will become payable in the foreseeable future. (d) Turnover is stated as invoices issued, net of value added tax payable.

PW AEROTECH LIMITED

Notes to the Financial Statements
for the Period Ended 31st August 2015

  • 2. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st September 2014: - 13,879 - 995 - 14,874
    Additions: - - - 85 - 85
    At 31st August 2015: - 13,879 - 1,080 - 14,959
    Depreciation
    At 01st September 2014: - 2,082 - 398 - 2,480
    Charge for year: - 1,770 - 273 - 2,043
    At 31st August 2015: - 3,852 - 671 - 4,523
    Net book value
    At 31st August 2015: - 10,027 - 409 - 10,436
    At 31st August 2014: - 11,797 - 597 - 12,394

PW AEROTECH LIMITED

Notes to the Financial Statements
for the Period Ended 31st August 2015

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100

PW AEROTECH LIMITED

Notes to the Financial Statements
for the Period Ended 31st August 2015

  • 4. Profit and loss account

    2015 2014
    £ £
    Opening balance: 253 0
    Profit or (loss) for the period: 127 26,253
    Equity dividends paid: 0 26,000
    Retained profit: 380 253