Accounts filed on 31-08-2016


Registered number: 08164675






AEROMOTIVE DEVELOPMENT LIMITED


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/08/2016
























Prepared By:
Top Branch Partners


AEROMOTIVE DEVELOPMENT LIMITED


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/08/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 08164675


Registered Number: 08164675

BALANCE SHEET AT 31/08/2016

			2016
	Notes		£

FIXED ASSETS
Tangible assets	2		2,698

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	11,930
Cash at bank and in hand		95,747
		107,677
CREDITORS: Amounts falling due within one year		35,871
NET CURRENT ASSETS			71,806
TOTAL ASSETS LESS CURRENT LIABILITIES			74,504

CAPITAL AND RESERVES

Called up share capital	4		100
Profit and loss account			74,404
SHAREHOLDERS' FUNDS			74,504

For the year ending 31/08/2016 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 09/11/2016 and signed on their behalf by




DR BARNABY GARROOD
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		straight line 25%




1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1d. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1e. Foreign Currency
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the income statement. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS				2016
				£

Amounts falling due within one year:
Trade debtors				9,099
VAT				2,831
				11,930




4. SHARE CAPITAL				2016
				£
Allotted, issued and fully paid:
				100