Airwise Telecom Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05225023 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

AIRWISE TELECOM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Pinchen

REGISTERED OFFICE:

Equity House

4-6 School Road

Tilehurst

Reading

Berkshire

RG31 5AL

REGISTERED NUMBER:

05225023 (England and Wales)

ACCOUNTANTS:

Avalon Accounting Limited

Equity House

4-6 School Road

Tilehurst

Reading

Berkshire

RG31 5AL

FIXED ASSETS

Tangible assets

2

2,446

1,103

CURRENT ASSETS

Debtors

9,946

10,201

Cash at bank

60,326

50,008

70,272

60,209

CREDITORS

Amounts falling due within one year

(59,469

)

(50,599

)

NET CURRENT ASSETS

10,803

9,610

TOTAL ASSETS LESS CURRENT LIABILITIES

13,249

10,713

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

13,149

10,613

SHAREHOLDERS' FUNDS

13,249

10,713

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 13 June 2016 and were signed by:

M Pinchen - 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 January 2015).

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.

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 January 2015

2,160

Additions

2,159

At 31 December 2015

4,319

DEPRECIATION

At 1 January 2015

1,057

Charge for year

816

At 31 December 2015

1,873

NET BOOK VALUE

At 31 December 2015

2,446

At 31 December 2014

1,103

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

Ordinary

£1

100

100