VANGE AVIATION LIMITED Accounts filed on 31-03-2017

VANGE AVIATION LIMITED Accounts filed on 31-03-2017

VANGE AVIATION LIMITED - Company Information

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VANGE AVIATION LIMITED




Company Registration Number:
10127270 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 15th April 2016

End date: 31st March 2017

SUBMITTED

VANGE AVIATION LIMITED

Company Information
for the Period Ended 31st March 2017




Director: Vincent William Smith
Registered office: 2 The Precinct
Porthcawl
Mid Glamorgan
CF36 3RF
GB-WLS
Company Registration Number: 10127270 (England and Wales)

VANGE AVIATION LIMITED

Directors' Report Period Ended 31st March 2017

The directors present their report with the financial statements of the company for the period ended 31st March 2017

Principal activities
The principal activity of the company in the period under review was:
Engineering

Directors
The directors shown below have held office during the whole of the period from
15th April 2016 to 31st March 2017
Vincent William Smith

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 05 January 2018
And Signed On Behalf Of The Board By:

Name: Vincent William Smith
Status: Director

VANGE AVIATION LIMITED

Profit and Loss Account

for the Period Ended 31st March 2017

Notes 2017
£
£
Turnover: 11,804 -
Gross profit or (loss): 11,804 -
Administrative expenses: , 11,260 -
Operating profit or (loss): 544 -
Profit or (loss) on ordinary activities before taxation: 544 -
Profit or (loss) for the financial year: 544 -

The notes form part of these financial statements

VANGE AVIATION LIMITED

Statement of total recognised gains and losses
31st March 2017

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

VANGE AVIATION LIMITED

Balance sheet
As at 31st March 2017

Notes 2017
£
£
Fixed assets
Intangible assets: 2 2,400 -
Tangible assets: 3 4,370 -
Total fixed assets: 6,770 -
Current assets
Cash at bank and in hand: 256 -
Total current assets: 256 -
Creditors: amounts falling due within one year 6,382 -
Net current assets (liabilities): ( 6,126 ) -
Total assets less current liabilities: 644 -
Total net assets (liabilities): 644 -

The notes form part of these financial statements

VANGE AVIATION LIMITED

Balance sheet
As at 31st March 2017
continued

Notes 2017
£
£
Capital and reserves
Called up share capital: 4 100 -
Profit and Loss account: 5 544 0
Total shareholders funds: 644 -

For the year ending 31 March 2017 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 05 January 2018

SIGNED ON BEHALF OF THE BOARD BY:

Name: Vincent William Smith
Status: Director

The notes form part of these financial statements

VANGE AVIATION LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2017

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    1. Accounting Policies (a) The accounts have been prepared under the Historical Cost Convention. The principal policies which the directors have adopted within that convention are set out below. (b) Depreciation is provided on tangible fixed assets each year in order to write their value down over their estimated lives. The rates that apply are as follows: Computer equipment 40% Plant and equipment 15% (c) The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for accounting and taxation purposes. Provision for deferred taxation is made under the liability method only to the extent that it is probable that the liability will become payable in the foreseeable future. (d) Turnover is stated as invoices issued, net of value added tax payable.

VANGE AVIATION LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2017

  • 2. Intangible assets

    Goodwill Other Total
    Cost £ £ £
    Additions: 3,000 - 3,000
    At 31st March 2017: 3,000 - 3,000
    Amortisation £ £ £
    Provided during the period: 600 - 600
    At 31st March 2017: 600 - 600
    Net book value £ £ £
    At 31st March 2017: 2,400 - 2,400

VANGE AVIATION LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2017

  • 3. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    Additions: - 5,000 - 200 - 5,200
    At 31st March 2017: - 5,000 - 200 - 5,200
    Depreciation
    Charge for year: - 750 - 80 - 830
    At 31st March 2017: - 750 - 80 - 830
    Net book value
    At 31st March 2017: - 4,250 - 120 - 4,370

VANGE AVIATION LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2017

  • 4. Called up share capital

    Allotted, called up and paid

    Current period 2017
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100

VANGE AVIATION LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2017

  • 5. Profit and loss account

    2017
    £ £
    Opening balance: 0 -
    Profit or (loss) for the period: 544 -
    Equity dividends paid: 0 -
    Retained profit: 544 0