Pure Aviation Limited - Limited company accounts 17.3

REGISTERED NUMBER: 03176207 (England and Wales)

PURE AVIATION LIMITED

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

Page

Report of the Director

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

4

The director presents her report with the financial statements of the company for the year ended 30 November 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a transport broker.

DIRECTOR

Dr V C Davies held office during the whole of the period from 1 December 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

Dr V C Davies - Director

20 March 2018

TURNOVER

149,687

163,965

Cost of sales

147,332

161,131

GROSS PROFIT

2,355

2,834

Administrative expenses

2,356

2,835

OPERATING LOSS

(1

)

(1

)

Interest receivable and similar income

1

3

PROFIT BEFORE TAXATION

-

2

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

-

2

CURRENT ASSETS

Debtors

4

35,380

25,593

Prepayments and accrued income

467

Cash at bank

3,169

4,423

39,016

30,483

CREDITORS

Amounts falling due within one year

5

36,953

28,420

NET CURRENT ASSETS

2,063

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,063

CAPITAL AND RESERVES

Called up share capital

2,000

Retained earnings

63

SHAREHOLDERS' FUNDS

2,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 March 2018 and were signed by:

Dr V C Davies - Director

1.	STATUTORY INFORMATION

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

company's registration number is 03176207 and the registered office address is 414 Gower Road,

Killay, Swansea SA2 7AJ.

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.

Turnover

Turnover represents net invoiced sales of flights and other services, excluding value added tax where

applicable.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Other debtors

35,380

25,593

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

1,397

717

Amounts owed to group undertakings

34,801

26,448

Other creditors

755

1,255

36,953

28,420

6.	RELATED PARTY DISCLOSURES

Sales of £149,687 (2016 £163,965) were made to the parent company, Pure Crete Limited during the

period. A management charge of £26,029 (2016 £28,258) was raised by them to the company. The

balance due to Pure Crete Limited at the year end was £34,801 (2016 £26,448) and is included in

creditors falling due in under one year .

The company's share capital is owned 100% by Pure Crete Ltd which in turn is controlled by the

Director, Dr V Davies, who together with family interests owns 100% of the share capital.