Metis Aviation Ltd - Accounts to registrar (filleted) - small 18.2

Metis Aviation Ltd - Accounts to registrar (filleted) - small 18.2

METIS AVIATION LIMITED - Company Information

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REGISTERED NUMBER: 07346062 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

METIS AVIATION LTD
METIS AVIATION LTD (REGISTERED NUMBER: 07346062)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


METIS AVIATION LTD

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTORS: P T Butler
M A Martin





REGISTERED OFFICE: Chardonnay
Domewood
Copthorne
West Sussex
RH10 3HD





REGISTERED NUMBER: 07346062 (England and Wales)





ACCOUNTANTS: Sussex Bookkeepers
29B Crawley Down Road
East Grinstead
West Sussex
RH19 2NT
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METIS AVIATION LTD (REGISTERED NUMBER: 07346062)

ABRIDGED BALANCE SHEET
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,288 29,869

CURRENT ASSETS
Stocks 110,065 119,164
Debtors 242,415 219,682
Cash at bank 412,046 418,103
764,526 756,949
CREDITORS
Amounts falling due within one year 195,731 255,596
NET CURRENT ASSETS 568,795 501,353
TOTAL ASSETS LESS CURRENT
LIABILITIES
593,083
531,222

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 592,683 530,822
SHAREHOLDERS' FUNDS 593,083 531,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 17 December 2018 and were signed on its behalf
by:





P T Butler - Director


The notes form part of these financial statements

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METIS AVIATION LTD (REGISTERED NUMBER: 07346062)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Metis Aviation Ltd 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 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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 65,335
Additions 2,515
At 31 March 2018 67,850
DEPRECIATION
At 1 April 2017 35,466
Charge for year 8,096
At 31 March 2018 43,562
NET BOOK VALUE
At 31 March 2018 24,288
At 31 March 2017 29,869

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