Aeris Aviation Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08070053 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Aeris Aviation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

D M Hayman

N Harvey

REGISTERED OFFICE:

Branscombe Airfield

Branscombe

Seaton

Devon

EX12 3BL

REGISTERED NUMBER:

08070053 (England and Wales)

ACCOUNTANTS:

Libra Wealth Management Limited

Suite 5, 10 Churchill Square

West Malling

Kent

ME19 4RF

FIXED ASSETS

Tangible assets

2

669,696

787,877

CURRENT ASSETS

Debtors

24,391

4,072

Cash at bank

4,893

71,933

29,284

76,005

CREDITORS

Amounts falling due within one year

148,283

28,195

NET CURRENT (LIABILITIES)/ASSETS

(118,999

)

47,810

TOTAL ASSETS LESS CURRENT
LIABILITIES

550,697

835,687

CAPITAL AND RESERVES

Called up share capital

3

24,520

Share premium

2,427,480

Profit and loss account

(1,901,303

)

(1,616,313

)

SHAREHOLDERS' FUNDS

550,697

835,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 13 February 2017 and were
signed on its behalf by:

D M Hayman - 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, except in

respect of service contracts where turnover is recognised when the company obtains the

right to consideration.

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 etc

-

15% on reducing balance

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 June 2015

and 31 May 2016

1,282,925

DEPRECIATION

At 1 June 2015

495,048

Charge for year

118,181

At 31 May 2016

613,229

NET BOOK VALUE

At 31 May 2016

669,696

At 31 May 2015

787,877

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2,000

Ordinary "A" Shares

£0.01

20

2,450,000

Ordinary "B" Shares

£0.01

24,500

24,520

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Aeris Aviation Limited for the year ended 31 May 2016

which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Aeris Aviation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aeris Aviation Limited and state those matters that we have agreed to state to the Board of Directors of Aeris Aviation Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aeris Aviation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aeris Aviation Limited. You consider that Aeris Aviation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aeris Aviation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Libra Wealth Management Limited

Suite 5, 10 Churchill Square

West Malling

Kent

ME19 4RF

13 February 2017