PAQM Aero Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07733432 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

PAQM AERO LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Gaitens

REGISTERED OFFICE:

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

REGISTERED NUMBER:

07733432 (England and Wales)

ACCOUNTANTS:

Stanes Rand & Co

Chartered Accountants

10 Jesus Lane

Cambridge

England

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

2

756

1,510

CURRENT ASSETS

Debtors

-

128

Cash at bank and in hand

142,301

102,940

142,301

103,068

CREDITORS

Amounts falling due within one year

(77,236

)

(34,075

)

NET CURRENT ASSETS

65,065

68,993

TOTAL ASSETS LESS CURRENT
LIABILITIES

65,821

70,503

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

65,819

70,501

SHAREHOLDERS' FUNDS

65,821

70,503

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 director acknowledges his 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 director on 24 May 2016 and were signed by:

A Gaitens - 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 consultancy services, exclusive of 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 etc

-

33.33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

2,264

DEPRECIATION

At 1 September 2014

754

Charge for year

754

At 31 August 2015

1,508

NET BOOK VALUE

At 31 August 2015

756

At 31 August 2014

1,510

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

Ordinary A

£1

1

2