Airphone Telecom Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07550295 (England and Wales)

AIRPHONE TELECOM SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mrs R E Forde

Mr J J Forde

REGISTERED OFFICE:

Number One Forder Way

Hampton

Peterborough

Cambridgeshire

PE7 8GX

REGISTERED NUMBER:

07550295 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Tangible assets

4

2,660

105

CURRENT ASSETS

Stocks

1,605

2,502

Debtors

5

106,226

60,931

Cash at bank

31,543

24,098

139,374

87,531

CREDITORS

Amounts falling due within one year

6

263,984

218,032

NET CURRENT LIABILITIES

(124,610

)

(130,501

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(121,950

)

(130,396

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(122,050

)

(130,496

)

SHAREHOLDERS' FUNDS

(121,950

)

(130,396

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 25 September 2018 and were signed on its behalf by:

Mr J J Forde - Director

1.	STATUTORY INFORMATION

Airphone Telecom Solutions 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.

Turnover

Turnover represents amounts charged to customers for goods and airtime provided during the period, excluding value added tax and

trade discounts. Sales are recognised upon delivery to the customer, or upon collection by the customer.

Tangible fixed assets

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

Office & computer equipment - straight line over 3 years.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for

obsolete and slow moving items

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 statement of financial position date.

Going concern

The company balance sheet shows net liabilities of £121,950 (2016 £130,396). The directors are aware of the situation and believe that

it is appropriate to prepare the financial statements on a going concern basis as the company has returned to trading profitably during

2018.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

13,022

Additions

3,336

At 31 December 2017

16,358

DEPRECIATION

At 1 January 2017

12,917

Charge for year

781

At 31 December 2017

13,698

NET BOOK VALUE

At 31 December 2017

2,660

At 31 December 2016

105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

54,513

30,696

Other debtors

51,713

30,235

106,226

60,931

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

158,659

154,029

Taxation and social security

9,702

12,427

Other creditors

95,623

51,576

263,984

218,032

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100