Aircraft Tool Hire Limited - Period Ending 2016-09-30

Registration number: 09145112

Aircraft Tool Hire Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Aircraft Tool Hire Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Aircraft Tool Hire Limited
(Registration number: 09145112)
Abbreviated Balance Sheet at 30 September 2016

		Note			30 September 2016 £			30 September 2015 £
Fixed assets
Tangible fixed assets					32,040			499
Current assets
Debtors					40,295			88,612
Cash at bank and in hand					1,681			1,119
					41,976			89,731
Creditors: Amounts falling due within one year					(58,428)			(86,737)
Net current (liabilities)/assets					(16,452)			2,994
Total assets less current liabilities					15,588			3,493
Provisions for liabilities					(6,408)			(100)
Net assets					9,180			3,393
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					9,080			3,293
Shareholders' funds					9,180			3,393

For the year ending 30 September 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 2008).

Approved by the director on 20 April 2017

Mr A J Strong
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Aircraft Tool Hire Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% Straight Line
Plant and machinery	20% Straight Line
Fixtures and fittings	20% Straight Line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Aircraft Tool Hire Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		624			624
Additions		32,803			32,803
At 30 September 2016		33,427			33,427
Depreciation
At 1 October 2015		125			125
Charge for the year		1,262			1,262
At 30 September 2016		1,387			1,387
Net book value
At 30 September 2016		32,040			32,040
At 30 September 2015		499			499

3	Share capital

Allotted, called up and fully paid shares

	30 September 2016						30 September 2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3