REGISTERED NUMBER: 03931744 (England and Wales)

ABC Aviation Engineers Limited

Unaudited Financial Statements

for the Year Ended

28 February 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

A K Baldwin

SECRETARY:

Ms A J Baldwin

REGISTERED OFFICE:

Acorn Hollow

Chequers Road

Tharston

Long Stratton

Norfolk

NR15 2YA

REGISTERED NUMBER:

03931744 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

FIXED ASSETS

Tangible assets

4

3,473

4,407

CURRENT ASSETS

Stocks

626

-

Debtors

5

1,460

3,745

Cash at bank

4,384

3,549

6,470

7,294

CREDITORS

Amounts falling due within one year

6

10,251

11,460

NET CURRENT LIABILITIES

(3,781

)

(4,166

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(308

)

241

PROVISIONS FOR LIABILITIES

660

-

NET (LIABILITIES)/ASSETS

(968

)

241

CAPITAL AND RESERVES

Called up share capital

7

7

7

Retained earnings

(975

)

234

SHAREHOLDERS' FUNDS

(968

)

241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 26 November 2018 and were signed by:

A K Baldwin - Director

1.	STATUTORY INFORMATION

ABC Aviation Engineers Limited 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.

Notwithstanding the deficit of the shareholder funds, the director considers that the company with his

support will recover this deficit in future years and therefore it is appropriate for the accounts to be

prepared on a going concern basis.

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

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Dividends

The director has realised that the dividends paid breached section 830 of the Companies Act 2016 as they

exceed retained profits. In certain circumstance it maybe possible to recover the dividends from the

shareholders. However, the director has not taken any action with regards to the recovery as they consider

that the company will continue to be able to meet its obligations and that the siltation will be rectified in

future year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 March 2017

15,228

17,538

32,766

Additions

-

430

430

At 28 February 2018

15,228

17,968

33,196

DEPRECIATION

At 1 March 2017

11,480

16,879

28,359

Charge for year

562

802

1,364

At 28 February 2018

12,042

17,681

29,723

NET BOOK VALUE

At 28 February 2018

3,186

287

3,473

At 28 February 2017

3,748

659

4,407

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,460

2,091

Other debtors

-

1,654

1,460

3,745

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

8,872

10,403

Other creditors

1,379

1,057

10,251

11,460

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

5

Ordinary

£1

5

7

2

Ordinary B

£1

2

-

7

7

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £321 (-£1,654)