Classic Aviation Limited - Dormant company accounts 16.3d

Classic Aviation Limited - Dormant company accounts 16.3d


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REGISTERED NUMBER: 06463141 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

CLASSIC AVIATION LIMITED

CLASSIC AVIATION LIMITED (REGISTERED NUMBER: 06463141)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

CLASSIC AVIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: Miss P Komurkova





SECRETARY: Mr G R Murfin





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH





REGISTERED NUMBER: 06463141 (England and Wales)

CLASSIC AVIATION LIMITED (REGISTERED NUMBER: 06463141)

BALANCE SHEET
31 JANUARY 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 107,321 107,321

CURRENT ASSETS
Cash at bank and in hand 843 843

CREDITORS
Amounts falling due within one year 3 304,718 304,718
NET CURRENT LIABILITIES (303,875 ) (303,875 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(196,554

)

(196,554

)

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (196,654 ) (196,654 )
SHAREHOLDERS' FUNDS (196,554 ) (196,554 )

The company is entitled to exemption from audit under Section 480 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 her 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.

These financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 30 November 2016 and were signed by:





Miss P Komurkova - Director


CLASSIC AVIATION LIMITED (REGISTERED NUMBER: 06463141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis on the understanding that the balance
sheet deficit is covered by the director's loan account. In addition, the director has given assurances that she will
continue to support the company by not withdrawing the loan in preference to other creditors.

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).

The company was dormant throughout the year ended 31 January 2016. However, reference to information
relating to the year ended 31 January 2015 has been made where appropriate.

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

Aircraft - 5% on reducing balance
Fixtures and fittings - 10% on reducing balance

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
and 31 January 2016 154,355
DEPRECIATION
At 1 February 2015
and 31 January 2016 47,034
NET BOOK VALUE
At 31 January 2016 107,321
At 31 January 2015 107,321

3. CREDITORS

Creditors include an amount of £ 76,278 (31.1.15 - £ 76,278 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
100 Ordinary £1 100 100