Flight Avionics Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02169161 (England and Wales)

FLIGHT AVIONICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R T K Barman

Mrs P J Barman

REGISTERED OFFICE:

531 Denby Dale Road West

Calder Grove

Wakefield

West Yorkshire

WF4 3ND

REGISTERED NUMBER:

02169161 (England and Wales)

ACCOUNTANTS:

Harrison & Co

Chartered Accountants

531 Denby Dale Road West

Calder Grove

Wakefield

West Yorkshire

WF4 3ND

BANKERS:

Barclays Bank Plc

Scarborough Business Centre

PO Box 13

St Nicholas Street

Scarborough

YO11 2HS

FIXED ASSETS

Tangible assets

4

45

59

CURRENT ASSETS

Debtors

49,400

106,904

Cash at bank

110

586

49,510

107,490

CREDITORS

Amounts falling due within one year

38,257

99,091

NET CURRENT ASSETS

11,253

8,399

TOTAL ASSETS LESS CURRENT LIABILITIES

11,298

8,458

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

11,296

8,456

SHAREHOLDERS' FUNDS

11,298

8,458

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

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

The directors acknowledge their 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 June 2018 and were signed on its behalf by:

Mr R T K Barman - Director

1.	STATUTORY INFORMATION

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

company's registered number and registered office address can be found on the Company Information page.

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

This is the first year the company has presented its results under FRS102. The last set of financial statements

prepared and submitted to Companies House under previous UKGAAP were for the 30 September 2016 year

end. The date of transition to FRS102 was 1 October 2016 and there were no adjustments arising as a result of

the transition from previous UKGAAP to FRS102.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 October 2016

and 30 September 2017

16,190

DEPRECIATION

At 1 October 2016

16,131

Charge for year

14

At 30 September 2017

16,145

NET BOOK VALUE

At 30 September 2017

45

At 30 September 2016

59