ACA AIR LIMITED - Period Ending 2013-07-31

ACA AIR LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2013

Minney & Company Limited
Chartered Accountants
59 Union Street
Dunstable
Beds
LU6 1EX

ACA AIR LIMITED
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

ACA AIR LIMITED
(Registration number: 4841482)
Abbreviated Balance Sheet at 31 July 2013

	Note	2013 £	2012 £
Fixed assets
Tangible fixed assets	2	387	580
Current assets
Cash at bank and in hand		2,923	574
Creditors: Amounts falling due within one year		(2,691)	(558)
Net current assets		232	16
Net assets		619	596
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		617	594
Shareholders' funds		619	596

For the year ending 31 July 2013 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 director acknowledges his 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 director on 14 April 2014

.........................................
Mr A Andre
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

ACA AIR LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 July 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 August 2012	3,086	3,086
At 31 July 2013	3,086	3,086
Depreciation
At 1 August 2012	2,506	2,506
Charge for the year	193	193
At 31 July 2013	2,699	2,699
Net book value
At 31 July 2013	387	387
At 31 July 2012	580	580

Page 2

ACA AIR LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 July 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2013			2012
		No.	£		No.	£
Ordinary of £1 each		2	2		2	2

Page 3