Abbreviated Company Accounts - AERIAL ABW CABS LTD.

AERIAL ABW CABS LTD. - Company Information

SC294597 AERIAL ABW CABS LTD. 2016-03-31 false 2015-04-01 2016-03-31 true SC294597 2015-04-01 2016-03-31 SC294597 2016-03-31 SC294597 2015-03-31 SC294597 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 SC294597 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number SC294597

AERIAL ABW CABS LTD.

Abbreviated Accounts

31 March 2016

AERIAL ABW CABS LTD. Registered Number SC294597

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	300,000	300,000
Tangible assets	3	71,834	67,543
		371,834	367,543
Current assets
Debtors		60,108	75,239
		60,108	75,239
Creditors: amounts falling due within one year		(79,940)	(95,569)
Net current assets (liabilities)		(19,832)	(20,330)
Total assets less current liabilities		352,002	347,213
Creditors: amounts falling due after more than one year		(7,877)	(8,009)
Total net assets (liabilities)		344,125	339,204
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		344,025	339,104
Shareholders' funds		344,125	339,204

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 30 December 2016

And signed on their behalf by:
Leslie Fraser, Director

AERIAL ABW CABS LTD. Registered Number SC294597

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 is the total amount receivable by the company for the work done, excluding VAT.

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:

Land and buildings - 0%
Fixtures, fittings
and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2Intangible fixed assets

	£
Cost
At 1 April 2015	300,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	300,000
Amortisation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	300,000
At 31 March 2015	300,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	111,886
Additions	31,849
Disposals	(20,194)
Revaluations	-
Transfers	-
At 31 March 2016	123,541
Depreciation
At 1 April 2015	44,343
Charge for the year	16,307
On disposals	(8,943)
At 31 March 2016	51,707
Net book values
At 31 March 2016	71,834
At 31 March 2015	67,543

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100