Company Registration No. 07534066 (England and Wales)
MAJAR AVIATION CONSULTANT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
MAJAR AVIATION CONSULTANT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MAJAR AVIATION CONSULTANT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
855
1,091
Current assets
Debtors
26,355
27,866
Cash at bank and in hand
4,624
5,817
30,979
33,683
Creditors: amounts falling due within one year
(22,223)
(11,574)
Net current assets
8,756
22,109
Total assets less current liabilities
9,611
23,200
Provisions for liabilities
(171)
(218)
9,440
22,982
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
9,340
22,882
Shareholders' funds
9,440
22,982
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 December 2016
Mr R M Murphy
Mrs J A Murphy
Director
Director
Company Registration No. 07534066
MAJAR AVIATION CONSULTANT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
1,726
Additions
657
Disposals
(1,082)
At 31 March 2016
1,301
Depreciation
At 1 April 2015
634
On disposals
(473)
Charge for the year
285
At 31 March 2016
446
Net book value
At 31 March 2016
855
At 31 March 2015
1,091
MAJAR AVIATION CONSULTANT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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