Accounts filed on 31-03-2013

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			Company registration number:07127148
			AQUILA MK2 LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 March 2013

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AQUILA MK2 LIMITED
BALANCE SHEET
AS AT 31 March 2013
			2013				2012
		Notes	£		£		£		£
FIXED ASSETS
Intangible assets		2			8,236				8,824
Tangible assets		3			1,664				2,080
					9,900				10,904
CURRENT ASSETS
Stocks			9,952				9,875
Debtors			18,368				23,632
Cash at bank and in hand			0				1
			28,320				33,508
CREDITORS
Amounts falling due within one year			(20,677)				(15,263)
NET CURRENT ASSETS					7,643				18,245
TOTAL ASSETS LESS
CURRENT LIABILITIES					17,543				29,149
NET ASSETS					17,543				29,149
CAPITAL AND RESERVES
Called-up equity share capital		4			1				1
Profit and loss account					17,542				29,148
SHAREHOLDERS FUNDS					17,543				29,149
For the year ending 31 March 2013 the company was entitled to exemption un 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 29 October 2014 and signed on its behalf.
..........................................................................
Mr M S Kalsi
29 October 2014
The annexed notes form part of these financial statements.

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AQUILA MK2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2013

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Statement of cashflow

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life.

Fixed assets

Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures and fittings 20% reducing balance basis

Stocks and work In progress

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

2.	Intangible fixed assets
				Total
	Cost
	At start of period			10,000
	At end of period			10,000
	Amortisation
	At start of period			1,176
	Provided during the period			588
	At end of period			1,764
	Net Book Values
	At start of period			8,824
	At end of period			8,236

3.	Tangible fixed assets
				Total
	Cost
	At start of period			3,250
	At end of period			3,250
	Depreciation
	At start of period			1,170
	Provided during the period			416
	At end of period			1,586
	Net Book Value
	At start of period			2,080
	At end of period			1,664

4.	Share capital				Allotted, issued and fully paid
					2013	2012
					£	£
	Ordinary Shares of £1 each				1	1
	Total issued share capital				1	1