Atlas Helicopters Limited - Limited company - abbreviated - 11.6
Atlas Helicopters Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014 |
| FOR |
| ATLAS HELICOPTERS LIMITED |
| ATLAS HELICOPTERS LIMITED (REGISTERED NUMBER: 04330355) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| ATLAS HELICOPTERS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| ATLAS HELICOPTERS LIMITED (REGISTERED NUMBER: 04330355) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2014 |
| 31.3.14 | 31.3.13 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| ATLAS HELICOPTERS LIMITED (REGISTERED NUMBER: 04330355) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 March 2014 |
| The financial statements were approved by the director on |
| ATLAS HELICOPTERS LIMITED (REGISTERED NUMBER: 04330355) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 March 2014 |
| 1. | ACCOUNTING POLICIES |
| Going concern |
| These financial statements have been prepared on the basis that the company will continue to be a going concern. |
| If this assumption is not considered to be valid, then adjustments would need to be made to reduce the value of |
| assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed |
| assets and long-term liabilities as current assets and current liabilities. |
| Accounting convention |
| 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 |
| Turnover represents the total receivable value, excluding value added tax, of sales of goods and services. |
| Air operators licence |
| The air operators licence is being written off over its estimated useful life of 10 years. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Deferred tax |
| The charge for deferred tax takes into account taxation deferred as a result of timing differences between the |
| treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in |
| respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax |
| assets are recognised only to the extent that they will be recovered against the reversal of deferred tax liabilities |
| or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the tax rates that |
| would apply when the timing differences reverse based on tax rates and laws that have been enacted, or |
| substantively enacted, by the balance sheet date. |
| Trust |
| The company has created a trust whose beneficiaries will include employees of the company and their |
| dependents. Assets held under this trust will be controlled by trustees who will be acting independently and |
| entirely at their own discretion. |
| Where assets are held in the trust and these are considered by the company to be in respect of services already |
| provided by employees to the company, the company will account for these as assets of the trust when payment is |
| made to the trust. The value transferred will be charged in the company's profit and loss account for the year to |
| which it relates. |
| ATLAS HELICOPTERS LIMITED (REGISTERED NUMBER: 04330355) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 March 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| and 31 March 2014 |
| AMORTISATION |
| At 1 April 2013 |
| and 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
| value: | £ | £ |
| Ordinary A | 1 |
| Ordinary B | 1 |
| 100 | 100 |
| ATLAS HELICOPTERS LIMITED (REGISTERED NUMBER: 04330355) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 March 2014 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2014 and |
| 31 March 2013: |
| 31.3.14 | 31.3.13 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| All loans are repaid within 9 months. |
| 7. | CONTROLLING PARTY |
| The company is controlled by Mr M Burns (director). |