SPECIAL AIR SERVICES LIMITED - Abbreviated accounts 16.3

SPECIAL AIR SERVICES LIMITED - Abbreviated accounts 16.3

SPECIAL AIR SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 05493500 (England and Wales)






































Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

SPECIAL AIR SERVICES LIMITED

SPECIAL AIR SERVICES LIMITED (REGISTERED NUMBER: 05493500)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SPECIAL AIR SERVICES LIMITED

Company Information
for the Year Ended 30 September 2016







DIRECTORS: Simon Matthew Orriel
Peter Meakin
Mark Kirkby





SECRETARY: Christine Gawthorpe





REGISTERED OFFICE: Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE





REGISTERED NUMBER: 05493500 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
& Business Advisers
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE
Page 1
SPECIAL AIR SERVICES LIMITED (REGISTERED NUMBER: 05493500)

Abbreviated Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 7,292 9,127

CURRENT ASSETS
Stocks 789 838
Debtors 26,223 26,059
Cash at bank and in hand 55,497 48,263
82,509 75,160
CREDITORS
Amounts falling due within one year 21,441 23,452
NET CURRENT ASSETS 61,068 51,708
TOTAL ASSETS LESS CURRENT
LIABILITIES
68,360
60,835

CAPITAL AND RESERVES
Called up share capital 3 3,000 3,000
Profit and loss account 65,360 57,835
SHAREHOLDERS' FUNDS 68,360 60,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
SPECIAL AIR SERVICES LIMITED (REGISTERED NUMBER: 05493500)

Abbreviated Balance Sheet - continued
30 September 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 14 December 2016 and were signed on
its behalf by:




Simon Matthew Orriel - Director Peter Meakin - Director




Mark Kirkby - Director


The notes form part of these abbreviated accounts

Page 3
SPECIAL AIR SERVICES LIMITED (REGISTERED NUMBER: 05493500)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 18,124
DEPRECIATION
At 1 October 2015 8,997
Charge for year 1,835
At 30 September 2016 10,832
NET BOOK VALUE
At 30 September 2016 7,292
At 30 September 2015 9,127

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
3,000 Ordinary £1 3,000 3,000

Page 4 continued...
SPECIAL AIR SERVICES LIMITED (REGISTERED NUMBER: 05493500)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016

4. RELATED PARTY DISCLOSURES

During this year the company purchased services from and sold goods to Air Cat Limited, a company
within the control of its directors. These transactions were at current commercial rates.

Purchases from Air Cat Limited totalled £3,078 and at the year end date a balance of £360 was
outstanding to that company. This figure is included within trade creditors. Goods and services sold
totalled £48,223 and an amount of £15,842 was outstanding at the year end date. This figure is
included within trade debtors.

Page 5