Abbreviated Company Accounts - CHESHIRE HELICOPTERS LTD

CHESHIRE HELICOPTERS LTD - Company Information

06075285 CHESHIRE HELICOPTERS LTD 2016-01-31 false 2015-02-01 2016-01-31 true 06075285 2015-02-01 2016-01-31 06075285 2016-01-31 06075285 2015-01-31 06075285 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 06075285 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 06075285

CHESHIRE HELICOPTERS LTD

Abbreviated Accounts

31 January 2016

CHESHIRE HELICOPTERS LTD Registered Number 06075285

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,492,158	1,884,320
Investments	3	1,500	1,500
		2,493,658	1,885,820
Current assets
Debtors		124,113	226,987
Cash at bank and in hand		40,337	7,088
		164,450	234,075
Creditors: amounts falling due within one year		(666,437)	(614,872)
Net current assets (liabilities)		(501,987)	(380,797)
Total assets less current liabilities		1,991,671	1,505,023
Creditors: amounts falling due after more than one year		(848,237)	(355,162)
Provisions for liabilities		(126,469)	(119,166)
Total net assets (liabilities)		1,016,965	1,030,695
Capital and reserves
Called up share capital	4	1,000	1,000
Revaluation reserve		378,950	432,932
Profit and loss account		637,015	596,763
Shareholders' funds		1,016,965	1,030,695

For the year ending 31 January 2016 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 11 June 2016

And signed on their behalf by:
W Banks, Director

CHESHIRE HELICOPTERS LTD Registered Number 06075285

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Aircraft 10% reducing balance
Ancillary equipment fitted to aircraft 10% straight line
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Land & Buildings 2% straight line

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
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 differences are taken to the profit and loss account.

Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 February 2015	2,208,782
Additions	813,720
Disposals	-
Revaluations	(53,982)
Transfers	-
At 31 January 2016	2,968,520
Depreciation
At 1 February 2015	324,462
Charge for the year	151,900
On disposals	-
At 31 January 2016	476,362
Net book values
At 31 January 2016	2,492,158
At 31 January 2015	1,884,320

3Fixed assets Investments
Investments
Cost
At 1 February 2015 £1,500
At 31 January 2016 £1,500

The company holds 20% or more of the share capital of the following companies:
Dash Aviation Limited 100% of Ordinary Shares. Capital & reserves £44,672. Profit for the year £nil.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000