Accounts Submission

Accounts Submission

PLUS 7 MINUS 5 LIMITED - Company Information

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PLUS 7 MINUS 5 LIMITED

Company Registration Number:
03424772 (England and Wales)

Abbreviated (Unaudited) Accounts
Company limited by guarantee

Period of accounts

Start date: 01 September 2015

End date: 31 August 2016

PLUS 7 MINUS 5 LIMITED

Abbreviated Balance sheet

As at 31 August 2016


Notes
2016
£
2015
£
Fixed assets
Total fixed assets: 0 0
Current assets
Debtors: 240 240
Cash at bank and in hand: 3,398 5,111
Total current assets: 3,638 5,351
Net current assets (liabilities): 3,638 5,351
Total assets less current liabilities: 3,638 5,351
Total net assets (liabilities): 3,638 5,351

The notes form part of these financial statements

PLUS 7 MINUS 5 LIMITED

Balance sheet continued

As at 31 August 2016


Notes
2016
£
2015
£
Reserves
Members funds: 0 0

For the year ending 31 August 2016 the company was entitled to exemption 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.

The financial statements were approved by the Board of Directors on 03 May 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Matthew Elmes
Status: Director

The notes form part of these financial statements

PLUS 7 MINUS 5 LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention.

    Turnover policy

    Turnover represents the net invoiced sales of goods and Services supplied.

    Tangible fixed assets depreciation policy

    Provision is made for the depreciation of fixed assets at the following annual rates in order to write off each asset over its estimated useful life:- Aircraft 10% Straight line Parachutes 50% Straight line

    Intangible fixed assets amortisation policy

    n/a

    Valuation information and policy

    n/a

    Other accounting policies

    The company qualifies as a small company under the Companies Act 2006. The directors have elected to take advantage of the exemption under the Financial Reporting Standard No1 not to prepare a cashflow statement.