Abbreviated Company Accounts - AIRCRAFT MANAGEMENT SOLUTIONS LIMITED

AIRCRAFT MANAGEMENT SOLUTIONS LIMITED - Company Information

05071860 AIRCRAFT MANAGEMENT SOLUTIONS LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 05071860 2015-01-01 2015-12-31 05071860 2015-12-31 05071860 2014-12-31 05071860 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 05071860 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 05071860

AIRCRAFT MANAGEMENT SOLUTIONS LIMITED

Abbreviated Accounts

31 December 2015

AIRCRAFT MANAGEMENT SOLUTIONS LIMITED Registered Number 05071860

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Current assets
Debtors		7,017	7,017
Cash at bank and in hand		18	12
		7,035	7,029
Creditors: amounts falling due within one year		(180,517)	(176,514)
Net current assets (liabilities)		(173,482)	(169,485)
Total assets less current liabilities		(173,482)	(169,485)
Total net assets (liabilities)		(173,482)	(169,485)
Capital and reserves
Called up share capital	2	1	1
Profit and loss account		(173,483)	(169,486)
Shareholders' funds		(173,482)	(169,485)

For the year ending 31 December 2015 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 29 September 2016

And signed on their behalf by:
M J Skinner, Director

AIRCRAFT MANAGEMENT SOLUTIONS LIMITED Registered Number 05071860

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the value of services provided, net of VAT, and the fair value of the right to consideration in exchange for the performance of its contractual obligations

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset over its expected useful life, as follows:

Motor vehicles 20% saight line

Other accounting policies
Foreign Currency
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All exchange differences are taken to the profit and loss account.

Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1