Duplex Aviation Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03389736 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

DUPLEX AVIATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P M Bird

Mrs A J Bird

SECRETARY:

Mrs A J Bird

REGISTERED OFFICE:

17 Cedar Close

Market Deeping

Peterborough

PE6 8BD

REGISTERED NUMBER:

03389736 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

2

537

307

CURRENT ASSETS

Debtors

1,700

21,255

Cash at bank

15,166

21,605

16,866

42,860

CREDITORS

Amounts falling due within one year

13,923

10,971

NET CURRENT ASSETS

2,943

31,889

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,480

32,196

PROVISIONS FOR LIABILITIES

100

60

NET ASSETS

3,380

32,136

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

3,378

32,134

SHAREHOLDERS' FUNDS

3,380

32,136

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 16 December 2016 and were signed on its behalf
by:

Mrs A J Bird - 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 invoiced sales of services.

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

-

33% on cost and 20% 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 July 2015

2,888

Additions

474

At 30 June 2016

3,362

DEPRECIATION

At 1 July 2015

2,581

Charge for year

244

At 30 June 2016

2,825

NET BOOK VALUE

At 30 June 2016

537

At 30 June 2015

307

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2016 and

30 June 2015:

2016

2015

£

Mrs A J Bird and P M Bird

Balance outstanding at start of year

20,415

23,960

Amounts advanced

39,518

39,173

Amounts repaid

(65,336

)

(42,718

)

Balance outstanding at end of year

(5,403

)

20,415

Interest at the applicable beneficial loan rate has been charged on the directors' loan. The total interest paid

during the year was £612 (2015 - £1,105).