Aviation Turbine Services Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02102628 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Aviation Turbine Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L Taaffe

Allied Holdings Limited

N J Taaffe

SECRETARY:

N J Taaffe

REGISTERED OFFICE:

925 Finchley Road

London

NW11 7PE

REGISTERED NUMBER:

02102628 (England and Wales)

ACCOUNTANTS:

Tuchbands Ltd

Chartered Accountants

925 Finchley Road

London

NW11 7PE

FIXED ASSETS

Tangible assets

4

12,780

12,921

CURRENT ASSETS

Stocks

239,686

314,031

Debtors

19,715

24,977

259,401

339,008

CREDITORS

Amounts falling due within one year

194,772

294,266

NET CURRENT ASSETS

64,629

44,742

TOTAL ASSETS LESS CURRENT LIABILITIES

77,409

57,663

CAPITAL AND RESERVES

Called up share capital

81,500

81,500

Retained earnings

(4,091

)

(23,837

)

SHAREHOLDERS' FUNDS

77,409

57,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 December 2017 and were signed on its behalf by:

N J Taaffe - Director

1.	STATUTORY INFORMATION

Aviation Turbine Services Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 April 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

200,774

Additions

4,779

Disposals

(12,250

)

At 31 March 2017

193,303

DEPRECIATION

At 1 April 2016

187,853

Charge for year

4,424

Eliminated on disposal

(11,754

)

At 31 March 2017

180,523

NET BOOK VALUE

At 31 March 2017

12,780

At 31 March 2016

12,921

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank overdrafts

54,329

98,206