Abbreviated Company Accounts - G B AVIATION LIMITED

Abbreviated Company Accounts - G B AVIATION LIMITED


Registered Number 08354192

G B AVIATION LIMITED

Abbreviated Accounts

31 January 2014

G B AVIATION LIMITED Registered Number 08354192

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014
£
Current assets
Debtors 15,248
Cash at bank and in hand 15
15,263
Creditors: amounts falling due within one year (10,704)
Net current assets (liabilities) 4,559
Total assets less current liabilities 4,559
Total net assets (liabilities) 4,559
Capital and reserves
Called up share capital 2 1
Profit and loss account 4,558
Shareholders' funds 4,559
  • For the year ending 31 January 2014 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.

Approved by the Board on 4 October 2014

And signed on their behalf by:
Nigel Bruce, Director

G B AVIATION LIMITED Registered Number 08354192

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors have taken notice of the Financial Reporting Council guidance 'Going Concern and Liquidity Risk: Guidance for Directors of UK Companies 2009', which requires the reasons for this decision to be explained. The directors regard the going concern basis remains appropriate as the Company has adequate resources to continue in operational existence for the foreseeable future.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

2Called Up Share Capital
Allotted, called up and fully paid:
2014
£
1 Ordinary shares of £1 each 1

On 9 January 2013, 1 ordinary share with a value of £1 was issued as the initial capital of the company.