Skyborne Aviation Limited Filleted accounts for Companies House (small and micro)

SKYBORNE AVIATION TRAINING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10561676

Skyborne Aviation Limited

Filleted Unaudited Financial Statements

31 December 2017

Skyborne Aviation Limited

Statement of Financial Position

31 December 2017

	31 Dec 17
Note	£

Current assets

Debtors	4	144,687
Cash at bank and in hand		33,918
		---------
		178,605

Creditors: amounts falling due within one year	5	54,043
		---------
Net current assets		124,562
		---------
Total assets less current liabilities		124,562

Creditors: amounts falling due after more than one year	6	351,833
		---------
Net liabilities		( 227,271)
		---------

Capital and reserves

Called up share capital	100
Profit and loss account	( 227,371)
	---------
Shareholders deficit	( 227,271)
	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 July 2018 , and are signed on behalf of the board by:

Mr L Woodward

Director

Company registration number: 10561676

Skyborne Aviation Limited

Notes to the Financial Statements

Period from 12 January 2017 to 31 December 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Office Village, Forder Way, Cygnet Park, Hampton, Peterborough, PE7 8GX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4. Debtors

	31 Dec 17
	£
Other debtors	144,687
	---------

5. Creditors: amounts falling due within one year

	31 Dec 17
	£
Trade creditors	36,178
Accruals and deferred income	17,865
	--------
	54,043
	--------

6. Creditors: amounts falling due after more than one year

	31 Dec 17
	£
Other loans	351,833
	---------