Fly Eagle Ltd


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Company Registration No. 08067901 (England and Wales)
Fly Eagle Ltd Abbreviated unaudited accounts for the year ended 31 May 2016
Fly Eagle Ltd Abbreviated Balance Sheet as at 31 May 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
151 
303 
Current assets
Debtors
8,859 
8,859 
Cash at bank and in hand
(6)
78 
8,853 
8,937 
Creditors: amounts falling due within one year
(18,112)
(16,502)
Net current liabilities
(9,259)
(7,565)
Net liabilities
(9,108)
(7,262)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(9,110)
(7,264)
Total shareholders' funds
(9,108)
(7,262)
For the year ending 31 May 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 28 February 2017
Johnson Thambiri Director Company Registration No. 08067901
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Fly Eagle Ltd Notes to the Abbreviated Accounts for the year ended 31 May 2016
1
Accounting policies
Basis of preparation
The accounts 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 the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
2
Tangible fixed assets
£ 
Cost
At 1 June 2015
607 
At 31 May 2016
607 
Depreciation
At 1 June 2015
304 
Charge for the year
152 
At 31 May 2016
456 
Net book value
At 31 May 2016
151 
At 31 May 2015
303 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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