Aerobatic Tactics Ltd - Abbreviated accounts 16.3

Aerobatic Tactics Ltd - Abbreviated accounts 16.3

AEROBATIC TACTICS LTD - Company Information

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REGISTERED NUMBER: 07129467 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

AEROBATIC TACTICS LTD

AEROBATIC TACTICS LTD (REGISTERED NUMBER: 07129467)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 4

AEROBATIC TACTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: R J Pickin





SECRETARY:





REGISTERED OFFICE: 20 Havelock Road
HASTINGS
East Sussex
TN34 1BP





REGISTERED NUMBER: 07129467 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ
Page 1
AEROBATIC TACTICS LTD (REGISTERED NUMBER: 07129467)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 6,353 1,871

CURRENT ASSETS
Cash at bank 14,380 19,420

CREDITORS
Amounts falling due within one year 29,789 24,823
NET CURRENT LIABILITIES (15,409 ) (5,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(9,056
)
(3,532
)

CAPITAL AND RESERVES
Called up share capital 3 4 4
Profit and loss account (9,060 ) (3,536 )
SHAREHOLDERS' FUNDS (9,056 ) (3,532 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 26 October 2016 and were signed by:





R J Pickin - Director


The notes form part of these abbreviated accounts

Page 2
AEROBATIC TACTICS LTD (REGISTERED NUMBER: 07129467)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have made an assessment about the company's ability to continue as a going concern and although
the accounts show a deficit position they do not consider there to be any material uncertainties. As a result they
have adopted the going concern basis of accounting.

Accounting convention
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
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 3,876
Additions 7,145
At 31 January 2016 11,021
DEPRECIATION
At 1 February 2015 2,005
Charge for year 2,663
At 31 January 2016 4,668
NET BOOK VALUE
At 31 January 2016 6,353
At 31 January 2015 1,871

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
4 ORDINARY £1 4 4

Page 3
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AEROBATIC TACTICS LTD

The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages
two to three) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Aerobatic Tactics Ltd for the year ended 31 January 2016 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes 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 director of Aerobatic Tactics Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aerobatic Tactics Ltd and state those matters that we have agreed to state to the director of Aerobatic Tactics Ltd 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 the company and its director for our work or for this report.

It is your duty to ensure that Aerobatic Tactics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aerobatic Tactics Ltd. You consider that Aerobatic Tactics 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 financial statements of Aerobatic Tactics 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 financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


26 October 2016

This page does not form part of the abbreviated accounts

Page 4