Airlinx Solutions Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06980565 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 August 2015

for

Airlinx Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Munday

J D Raybould

REGISTERED OFFICE:

Solway

Cheltenham Road

Painswick

Gloucestershire

GL6 6SJ

REGISTERED NUMBER:

06980565 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

10,367

9,831

CURRENT ASSETS

Stocks

43,685

-

Debtors

6,256

3,012

Cash at bank

22,429

17,451

72,370

20,463

CREDITORS

Amounts falling due within one year

50,335

9,210

NET CURRENT ASSETS

22,035

11,253

TOTAL ASSETS LESS CURRENT LIABILITIES

32,402

21,084

PROVISIONS FOR LIABILITIES

2,159

1,966

NET ASSETS

30,243

19,118

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

30,143

19,018

SHAREHOLDERS' FUNDS

30,243

19,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 24 May 2016 and were signed on its behalf by:

J D Raybould - 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.

Fixtures, fittings & equipment

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

17,081

Additions

4,656

Disposals

(1,013

)

At 31 August 2015

20,724

DEPRECIATION

At 1 September 2014

7,250

Charge for year

3,550

Eliminated on disposal

(443

)

At 31 August 2015

10,357

NET BOOK VALUE

At 31 August 2015

10,367

At 31 August 2014

9,831

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

100

Ordinary

£1

100

100