Accounts filed on 31-03-2017

Accounts filed on 31-03-2017

OPEN SKIES MANAGEMENT LTD - Company Information

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Registered number: 06767093
Open Skies Management Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2017
Prepared By:
GR DAVEY
92
Norwich Road
Salhouse, Norwich
Norfolk
NR13 6PB
Open Skies Management Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2017
DIRECTORS
A Turner
REGISTERED OFFICE
3rd Floor
207 Regent Street
London
W1B 3HH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06767093
ACCOUNTANTS
GR DAVEY
92
Norwich Road
Salhouse, Norwich
Norfolk
NR13 6PB
Open Skies Management Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2017
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Open Skies Management Ltd
BALANCE SHEET AT 31/03/2017
20172016
Notes££
FIXED ASSETS
Tangible assets25,9086,564
CURRENT ASSETS
Debtors32152,457
Cash at bank and in hand1,2701,270
1,4853,727
CREDITORS: Amounts falling due within one year442,88946,143
NET CURRENT LIABILITIES(41,404)(42,416)
TOTAL ASSETS LESS CURRENT LIABILITIES(35,496)(35,852)
PROVISIONS FOR LIABILITIES AND CHARGES6894823
NET LIABILITIES(36,390)(36,675)
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(36,490)(36,775)
SHAREHOLDERS' FUNDS(36,390)(36,675)
For the year ending 31/03/2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/12/2016 and signed on their behalf by
.............................
A Turner
Director
Open Skies Management Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25%
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/04/201611,50211,502
At 31/03/201711,50211,502
Depreciation
At 01/04/20164,9384,938
For the year656656
At 31/03/20175,5945,594
Net Book Amounts
At 31/03/20175,9085,908
At 31/03/20166,5646,564
3. DEBTORS 20172016
££
Amounts falling due within one year
Trade debtors2152,160
Prepayments-297
2152,457
Open Skies Management Ltd
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20172016
££
UK corporation tax-266
VAT10,29612,675
PAYE control558138
Directors current account1,2923,824
Bank loans and overdrafts6,6793,663
Payments received on account6,51116,613
Trade creditors15,4787,589
Accruals2,0751,375
42,88946,143
5. EMPLOYEES
20172016
No.No.
6. PROVISIONS FOR LIABILITIES 20172016
££
Deferred taxation894823
894823
7. SHARE CAPITAL 20172016
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100