HELICOPTER SERVICES LIMITED

HELICOPTER SERVICES LIMITED

HELICOPTER SERVICES LIMITED - Company Information

Print Friendly Version

HELICOPTER SERVICES LIMITED

Company Registration Number:
04700840 (England and Wales)

Unaudited abridged accounts for the year ended 30 December 2017

Period of accounts

Start date: 31 December 2016

End date: 30 December 2017

HELICOPTER SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 30 December 2017

Balance sheet
Notes

HELICOPTER SERVICES LIMITED

Balance sheet

As at 30 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 2,618 460,848
Total fixed assets: 2,618 460,848
Current assets
Debtors:   235,174 81,255
Cash at bank and in hand: 502,054 487,228
Total current assets: 737,228 568,483
Creditors: amounts falling due within one year:   (256,245) (141,263)
Net current assets (liabilities): 480,983 427,220
Total assets less current liabilities: 483,601 888,068
Creditors: amounts falling due after more than one year:   (118,761) (573,593)
Total net assets (liabilities): 364,840 314,475
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 364,740 314,375
Shareholders funds: 364,840 314,475

The notes form part of these financial statements

HELICOPTER SERVICES LIMITED

Balance sheet statements

For the year ending 30 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2018
and signed on behalf of the board by:

Name: Mrs Ruth Downey
Status: Director

The notes form part of these financial statements

HELICOPTER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Plant and machinery over 8 yearsFixtures and fittings, and motor vehicles over 3 years

HELICOPTER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

2. Tangible Assets

Total
Cost £
At 31 December 2016 1,256,132
Disposals (1,176,918)
At 30 December 2017 79,214
Depreciation
At 31 December 2016 795,284
Charge for year 2,442
On disposals (721,130)
At 30 December 2017 76,596
Net book value
At 30 December 2017 2,618
At 30 December 2016 460,848