Abbreviated Company Accounts - HELICOMPANY LIMITED

Abbreviated Company Accounts - HELICOMPANY LIMITED


Registered Number 06517474

HELICOMPANY LIMITED

Abbreviated Accounts

31 March 2016

HELICOMPANY LIMITED Registered Number 06517474

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 545,137 577,303
545,137 577,303
Current assets
Debtors 5,094 25,707
Cash at bank and in hand 23,843 9,948
28,937 35,655
Creditors: amounts falling due within one year (204,811) (190,809)
Net current assets (liabilities) (175,874) (155,154)
Total assets less current liabilities 369,263 422,149
Total net assets (liabilities) 369,263 422,149
Capital and reserves
Called up share capital 3 1,265,000 1,265,000
Profit and loss account (895,737) (842,851)
Shareholders' funds 369,263 422,149
  • 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 8 September 2016

And signed on their behalf by:
J C Kaberry, Director

HELICOMPANY LIMITED Registered Number 06517474

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services 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:
Plant and machinery - Helicopter - 4% Straight line and Equipment 25% Straight line

2Tangible fixed assets
£
Cost
At 1 April 2015 805,010
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 805,010
Depreciation
At 1 April 2015 227,707
Charge for the year 32,166
On disposals -
At 31 March 2016 259,873
Net book values
At 31 March 2016 545,137
At 31 March 2015 577,303
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1,265,000 Ordinary shares of £1 each 1,265,000 1,265,000