Company Registration No. 1906003 (England and Wales)
Airfield Warehousing Limited
Unaudited accounts
for the year ended 31 August 2019
Airfield Warehousing Limited
Unaudited accounts
Contents
Airfield Warehousing Limited
Company Information
for the year ended 31 August 2019
Company Number
1906003 (England and Wales)
Registered Office
Polebrook Airfield
Polebrook
Oundle
Peterborough
PE8 5LY
Accountants
Countlaw Business Services
18 Guthrie House
Rightwell East, Bretton
Peterborough
Cambs
PE3 8AX
Airfield Warehousing Limited
Statement of financial position
as at
31 August 2019
Tangible assets
11,535
15,774
Investments
450,000
450,000
Cash at bank and in hand
240,544
-
Creditors: amounts falling due within one year
(322,136)
(90,562)
Net current assets
267,698
250,453
Total assets less current liabilities
729,233
716,227
Creditors: amounts falling due after more than one year
(298,375)
(376,665)
Net assets
430,858
339,562
Called up share capital
100
100
Profit and loss account
430,758
339,462
Shareholders' funds
430,858
339,562
For the year ending 31 August 2019 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 director acknowledges her 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 7 May 2020.
Mrs K Munton
Director
Company Registration No. 1906003
Airfield Warehousing Limited
Notes to the Accounts
for the year ended 31 August 2019
Airfield Warehousing Limited is a private company, limited by shares, registered in England and Wales, registration number 1906003. The registered office is Polebrook Airfield, Polebrook, Oundle, Peterborough, PE8 5LY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Airfield Warehousing Limited
Notes to the Accounts
for the year ended 31 August 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2018
98,314
62,991
161,305
At 31 August 2019
99,725
62,991
162,716
At 1 September 2018
89,914
55,617
145,531
Charge for the year
1,962
3,688
5,650
At 31 August 2019
91,876
59,305
151,181
At 31 August 2019
7,849
3,686
11,535
At 31 August 2018
8,400
7,374
15,774
5
Investments
Other investments
Valuation at 1 September 2018
450,000
Valuation at 31 August 2019
450,000
Trade debtors
317,297
178,294
Amounts due from group undertakings etc.
-
126,180
Other debtors
31,993
36,541
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
44,051
20,655
Trade creditors
25,129
69,907
Amounts owed to group undertakings and other participating interests
220,870
-
Taxes and social security
21,826
-
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
298,375
376,665
Airfield Warehousing Limited
Notes to the Accounts
for the year ended 31 August 2019
9
Share capital
2019
2018
Allotted, called up and fully paid:
200 Ordinary shares of £0.50 each
100
100
10
Transactions with related parties
The Company is controlled by the shareholders by virtue of the controlling interest in the ultimate company, Greensprings Limited, a company incorporated in England.
12
Average number of employees
During the year the average number of employees was 6 (2018: 7).