Abbreviated Company Accounts - AIRMAX GROUP LIMITED

AIRMAX GROUP LIMITED - Company Information

Registered Number 05284930

AIRMAX GROUP LIMITED

Abbreviated Accounts

31 March 2014

AIRMAX GROUP LIMITED Registered Number 05284930

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets		-	-
Investments	2	525	525
		525	525
Current assets
Stocks		-	-
Debtors		59,228	59,013
Investments		-	-
Cash at bank and in hand		-	-
		59,228	59,013
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(107,707)	(107,492)
Net current assets (liabilities)		(48,479)	(48,479)
Total assets less current liabilities		(47,954)	(47,954)
Creditors: amounts falling due after more than one year		(540,173)	(540,173)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		(588,127)	(588,127)
Capital and reserves
Called up share capital		100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(588,227)	(588,227)
Shareholders' funds		(588,127)	(588,127)

For the year ending 31 March 2014 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 30 December 2014

And signed on their behalf by:
STEPHEN PERHAM, Director

AIRMAX GROUP LIMITED Registered Number 05284930

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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).

The company and its subsidiaries comprise a small group and therefore the company has taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis as the ultimate parent company Perion Enterprises Limited has stated its willingness to support the company for the foreseeable future.

Turnover policy
Turnover represents amounts receivable, excluding value added tax, for goods supplied and services provided in the ordinary course of business.

2Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.