Abbreviated Company Accounts - AIRLIFT CARGO LIMITED

Abbreviated Company Accounts - AIRLIFT CARGO LIMITED

AIRLIFT CARGO LIMITED - Company Information

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Registered Number 05192217

AIRLIFT CARGO LIMITED

Abbreviated Accounts

31 December 2015

AIRLIFT CARGO LIMITED Registered Number 05192217

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 4,171 4,018
4,171 4,018
Current assets
Debtors 7,324 31,934
Cash at bank and in hand 60,084 129,845
67,408 161,779
Creditors: amounts falling due within one year (36,221) (56,371)
Net current assets (liabilities) 31,187 105,408
Total assets less current liabilities 35,358 109,426
Total net assets (liabilities) 35,358 109,426
Capital and reserves
Called up share capital 100 100
Share premium account 2,475 2,475
Profit and loss account 32,783 106,851
Shareholders' funds 35,358 109,426
  • 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 25 October 2016

And signed on their behalf by:
K Pearce, Director

AIRLIFT CARGO LIMITED Registered Number 05192217

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

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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

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

Fixtures, fittings and equipment ‐ 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 January 2015 17,743
Additions 1,543
Disposals -
Revaluations -
Transfers -
At 31 December 2015 19,286
Depreciation
At 1 January 2015 13,725
Charge for the year 1,390
On disposals -
At 31 December 2015 15,115
Net book values
At 31 December 2015 4,171
At 31 December 2014 4,018