Absolute Aviation Limited - Limited company - abbreviated

REGISTERED NUMBER: 06402885 (England and Wales)

ABSOLUTE AVIATION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

S J Vincent

A J Vincent

Mrs L Gordon

SECRETARY:

Mrs L Gordon

REGISTERED OFFICE:

Hangar SE40

Gloucestershire Airport

Staverton

Cheltenham

Gloucestershire

GL51 6SP

REGISTERED NUMBER:

06402885 (England and Wales)

ACCOUNTANTS:

William Hinton Limited

Chartered Accountants

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

FIXED ASSETS

Intangible assets

2

1

Tangible assets

3

1,019

2,090

1,020

2,091

CURRENT ASSETS

Debtors

4,522

2,040

Cash at bank

3,256

1,334

7,778

3,374

CREDITORS

Amounts falling due within one year

10,503

5,630

NET CURRENT LIABILITIES

(2,725

)

(2,256

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,705

)

(165

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

(2,705

)

(1,165

)

SHAREHOLDERS' FUNDS

(1,705

)

(165

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 February 2014 and were signed on its behalf
by:

S J Vincent - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

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% per annum on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

and 31 August 2013

428

AMORTISATION

At 1 September 2012

and 31 August 2013

427

NET BOOK VALUE

At 31 August 2013

1

At 31 August 2012

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

and 31 August 2013

4,782

DEPRECIATION

At 1 September 2012

2,692

Charge for year

1,071

At 31 August 2013

3,763

NET BOOK VALUE

At 31 August 2013

1,019

At 31 August 2012

2,090

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

1,000

Ordinary

£1

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loans represent unpaid share capital.

The loans were interest free.