Parkinson Aviation Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09013803 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Parkinson Aviation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N W Parkinson

REGISTERED OFFICE:

Avaland House

110 London Road

Hemel Hempstead

Hertfordshire

HP3 9SD

REGISTERED NUMBER:

09013803 (England and Wales)

ACCOUNTANTS:

David Lindon & Co

Chartered Accountants

Avaland House

110 London Road

Hemel Hempstead

Hertfordshire

HP3 9SD

FIXED ASSETS

Tangible assets

2

64,389

48,186

CURRENT ASSETS

Debtors

69,568

6,520

Cash at bank

34,784

9,957

104,352

16,477

CREDITORS

Amounts falling due within one year

53,215

27,195

NET CURRENT ASSETS/(LIABILITIES)

51,137

(10,718

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

115,526

37,468

PROVISIONS FOR LIABILITIES

12,878

9,637

NET ASSETS

102,648

27,831

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

102,647

27,830

SHAREHOLDERS' FUNDS

102,648

27,831

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

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

The director acknowledges his 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 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 director on 23 January 2017 and were signed by:

N W Parkinson - Director

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, 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.

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

49,804

Additions

27,209

At 30 April 2016

77,013

DEPRECIATION

At 1 May 2015

1,618

Charge for year

11,006

At 30 April 2016

12,624

NET BOOK VALUE

At 30 April 2016

64,389

At 30 April 2015

48,186

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2016 and the period

ended 30 April 2015:

2016

2015

£

N W Parkinson

Balance outstanding at start of year

(985

)

-

Amounts advanced

117,859

76,560

Amounts repaid

(54,512

)

(77,545

)

Balance outstanding at end of year

62,362

(985

)

The director's overdrawn account was repaid in full after the year end.