Company Registration No. 07069923 (England and Wales)
AIL ESCORTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
AIL ESCORTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AIL ESCORTS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,925
19,999
Current assets
Debtors
21,838
18,901
Cash at bank and in hand
64,173
77,871
86,011
96,772
Creditors: amounts falling due within one year
(48,676)
(46,140)
Net current assets
37,335
50,632
Total assets less current liabilities
52,260
70,631
Provisions for liabilities
(2,985)
(2,876)
49,275
67,755
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
49,274
67,754
Shareholders' funds
49,275
67,755
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 6 September 2016
R L Brandley
Director
Company Registration No. 07069923
AIL ESCORTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Computer equipment
35% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015 & at 31 May 2016
39,989
Depreciation
At 1 June 2015
19,990
Charge for the year
5,074
At 31 May 2016
25,064
Net book value
At 31 May 2016
14,925
At 31 May 2015
19,999
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 ordinary share of £1 each
1
1
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