PRICE AIR SERVICES LIMITED - Accounts 2014


2014-04-012014-07-3107917844falsetruehttp://www.companieshouse.gov.uk/cd:Director12014-04-012014-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-04-012014-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-03-31http://www.companieshouse.gov.uk/2012-08-012014-03-31http://www.companieshouse.gov.uk/2014-04-012014-07-31http://www.companieshouse.gov.uk/2014-03-31http://www.companieshouse.gov.uk/2014-07-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2014-04-012014-07-31http://www.companieshouse.gov.uk/2014-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07917844

PRICE AIR SERVICES LIMITED

ABBREVIATED ACCOUNTS
FOR THE 122 DAY PERIOD ENDED 31/07/2014

(Ceased trading 31/07/2014)
Prepared By:
Businesstax Financial Solution LLP
65
Church Street
Garstang
Lancashire
PR3 1YA


PRICE AIR SERVICES LIMITED

ABBREVIATED ACCOUNTS
FOR THE 122 DAY PERIOD ENDED 31/07/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 07917844


PRICE AIR SERVICES LIMITED

Registered Number: 07917844
BALANCE SHEET AT 31/07/2014
20142014
Notes££
CURRENT ASSETS
Debtors (amounts falling due within one year)2-544
Cash at bank and in hand5,8454,529
5,8455,073
CREDITORS: Amounts falling due within one year2,9193,823
NET CURRENT ASSETS2,9261,250
TOTAL ASSETS LESS CURRENT LIABILITIES2,9261,250
CAPITAL AND RESERVES
Called up share capital3100100
Profit and loss account2,8261,150
SHAREHOLDERS' FUNDS2,9261,250
For the year ending 31/07/2014 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 03/10/2014 and signed on their behalf by
David John Price
Director


PRICE AIR SERVICES LIMITED

NOTES TO THE ACCOUNTS
FOR THE 122 DAY PERIOD ENDED 31/07/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. DEBTORS 20142014
££
Amounts falling due within one year:
Trade debtors-544
-544


PRICE AIR SERVICES LIMITED

3. SHARE CAPITAL 20142014
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
4. TURNOVER
The turnover and pre-tax result is attributable to Aviation engineers.
20142014
££
Sales9,57728,758
9,57728,758