Aviation Engineering Support Ltd - Period Ending 2015-10-31
Aviation Engineering Support Ltd - Period Ending 2015-10-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Aviation Engineering Support Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Aviation Engineering Support Ltd
for the Year Ended 31 October 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aviation Engineering Support Ltd for the year ended 31 October 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Aviation Engineering Support Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Aviation Engineering Support Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aviation Engineering Support Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Aviation Engineering Support Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aviation Engineering Support Ltd. You consider that Aviation Engineering Support Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Aviation Engineering Support Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Delyth Bending Accountancy Ltd
4 The Paddock
Lower Boddington
Nr Daventry
Northants
NN11 6YF
19 July 2016
Aviation Engineering Support Ltd
(Registration number: 7827762)
Abbreviated Balance Sheet at 31 October 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
.........................................
Mr Paul Broadaway
Director
2
Aviation Engineering Support Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Vehicles, plant and machinery |
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Fixtures, fittings, tools and equipment |
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Office and computer equipment |
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Stock and work in progress
Deferred tax
Hire purchase and leasing
Aviation Engineering Support Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 November 2014 |
20,423 |
20,423 |
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Additions |
107,697 |
107,697 |
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Disposals |
(3,100) |
(3,100) |
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At 31 October 2015 |
125,020 |
125,020 |
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Depreciation |
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At 1 November 2014 |
2,935 |
2,935 |
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Charge for the year |
15,151 |
15,151 |
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Eliminated on disposals |
(1,033) |
(1,033) |
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At 31 October 2015 |
17,053 |
17,053 |
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Net book value |
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At 31 October 2015 |
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At 31 October 2014 |
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Creditors |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years not by instalments |
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- |
Aviation Engineering Support Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2015 |
2015 |
2014 |
2014 |
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Mr Paul Broadaway |
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( |
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(6,968) |
(6,968) |
Mr Brian Coombs-Prole |
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( |
( |
(9,887) |
(9,887) |