Abbreviated Company Accounts - G.S. AVIATION (EUROPE) LIMITED

Abbreviated Company Accounts - G.S. AVIATION (EUROPE) LIMITED

G.S. AVIATION (EUROPE) LIMITED - Company Information

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Registered Number 04401217

G.S. AVIATION (EUROPE) LIMITED

Abbreviated Accounts

31 March 2016

G.S. AVIATION (EUROPE) LIMITED Registered Number 04401217

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 116,491 130,758
116,491 130,758
Current assets
Debtors 32,491 5,089
Cash at bank and in hand 102,727 132,207
135,218 137,296
Creditors: amounts falling due within one year (201,206) (202,362)
Net current assets (liabilities) (65,988) (65,066)
Total assets less current liabilities 50,503 65,692
Provisions for liabilities (23,298) (26,139)
Total net assets (liabilities) 27,205 39,553
Capital and reserves
Called up share capital 1 1
Profit and loss account 27,204 39,552
Shareholders' funds 27,205 39,553
  • For the year ending 31 March 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 26 December 2016

And signed on their behalf by:
G J Slater, Director

G.S. AVIATION (EUROPE) LIMITED Registered Number 04401217

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 value, net of value added tax, of goods and services supplied to customers during the year

2Tangible fixed assets
£
Cost
At 1 April 2015 216,065
Additions 55,159
Disposals (74,870)
Revaluations -
Transfers -
At 31 March 2016 196,354
Depreciation
At 1 April 2015 85,307
Charge for the year 25,556
On disposals (31,000)
At 31 March 2016 79,863
Net book values
At 31 March 2016 116,491
At 31 March 2015 130,758