Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueKemble Flying Centre Ltd080962402014-03-31-1854-1645-1754-1545100100-1754-1545-1754-1545-17930-15452047151302541358523363191205394161760161760Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Going concern
At 31st March 2014, liabilities exceeded assets. The director has undertaken to continue to support the company during the time when liabilities exceed assets.
Leasehold PropertyMethod for Leasehold property0.0000170270170278510851170270170278510851Ordinary1001100100Ordinary1100100100Included in creditors is a balance of £708, (2013: £3) owed to Mr Young on his directors loan account. This balance is interest free with no set repayment terms.2014-12-18Mr D Youngtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureKemble Flying Centre Ltd2013-04-012014-03-31Kemble Flying Centre Ltd2012-06-072013-03-31Kemble Flying Centre Ltd2012-06-06Kemble Flying Centre Ltd2013-03-31Kemble Flying Centre Ltd2013-03-31Kemble Flying Centre Ltd2014-03-31 2014-12-19
