Abbreviated Company Accounts - AEROSPACE CONSTRUCTION TECHNICAL SERVICES LIMITED

AEROSPACE CONSTRUCTION TECHNICAL SERVICES LIMITED - Company Information

01074462 AEROSPACE CONSTRUCTION TECHNICAL SERVICES LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 01074462 2012-11-01 2013-10-31 01074462 2013-10-31 01074462 2012-10-31 01074462 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 01074462 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 01074462

AEROSPACE CONSTRUCTION TECHNICAL SERVICES LIMITED

Abbreviated Accounts

31 October 2013

AEROSPACE CONSTRUCTION TECHNICAL SERVICES LIMITED Registered Number 01074462

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	-	-
		-	-
Current assets
Debtors		142,525	98,533
Cash at bank and in hand		504	97
		143,029	98,630
Creditors: amounts falling due within one year		(236,788)	(197,166)
Net current assets (liabilities)		(93,759)	(98,536)
Total assets less current liabilities		(93,759)	(98,536)
Total net assets (liabilities)		(93,759)	(98,536)
Capital and reserves
Called up share capital	3	15,175	15,175
Profit and loss account		(108,934)	(113,711)
Shareholders' funds		(93,759)	(98,536)

For the year ending 31 October 2013 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.

Approved by the Board on 28 July 2014

And signed on their behalf by:
J L Munk, Director

AEROSPACE CONSTRUCTION TECHNICAL SERVICES LIMITED Registered Number 01074462

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents management charges receivable towards staff costs and overheads supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment - 3 years

Going Concern:
The company had net liabilities of £93,759 at the balance sheet date, of which £182,468 was owed to the ultimate parent company, Maritek Holdings Limited. The ultimate parent company has confirmed that it will continue to support the company for the foreseeable future and will not withdraw its loan to the detriment of the company or its creditors. Therefore the directors believe it is appropriate to prepare the financial statements on the going concern basis.

ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY
The ultimate parent undertaking is Maritek Holdings Limited, a company registered in England and Wales, which owns all of the issued ordinary share capital.

2Tangible fixed assets

	£
Cost
At 1 November 2012	1,099
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	1,099
Depreciation
At 1 November 2012	1,099
Charge for the year	-
On disposals	-
At 31 October 2013	1,099
Net book values
At 31 October 2013	0
At 31 October 2012	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
15,175 Ordinary shares of £1 each	15,175	15,175