Company Registration No. 04756676 (England and Wales)
ABSOLUTE AIR LIMITED
Unaudited accounts
for the year ended 31 March 2017
ABSOLUTE AIR LIMITED
Unaudited accounts
Contents
ABSOLUTE AIR LIMITED
Company Information
for the year ended 31 March 2017
Directors
Simeon Macdonalds
Nicholas Pellatt
Secretary
Nicholas Pellatt
Company Number
04756676 (England and Wales)
Registered Office
34 SEAMEAD
HILL HEAD
FAREHAM
HAMPSHIRE
PO14 2NG
Accountants
Leon Edwards Accountants
10 Romulus Way
Fairfields
Milton Keynes
Buckinghamshire
MK11 4AZ
ABSOLUTE AIR LIMITED
Statement of financial position
as at 31 March 2017
Creditors: amounts falling due within one year
(47,348)
(51,036)
Net current assets
19,923
9,982
Called up share capital
100
100
Profit and loss account
19,823
9,882
Shareholders' funds
19,923
9,982
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 December 2017.
Simeon Macdonalds
Director
Company Registration No. 04756676
ABSOLUTE AIR LIMITED
Notes to the Accounts
for the year ended 31 March 2017
ABSOLUTE AIR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04756676. The registered office is 34 SEAMEAD, HILL HEAD, FAREHAM, HAMPSHIRE, PO14 2NG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Trade debtors
67,271
37,563
ABSOLUTE AIR LIMITED
Notes to the Accounts
for the year ended 31 March 2017
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Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
17,519
25,064
Trade creditors
11,636
13,346
Taxes and social security
17,393
11,826
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 0 (2016: 0).