Company Registration No. 1906003 (England and Wales)
Airfield Warehousing Limited
Unaudited accounts
for the year ended 31 August 2017
Airfield Warehousing Limited
Unaudited accounts
Contents
Airfield Warehousing Limited
Company Information
for the year ended 31 August 2017
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 2017
Tangible assets
21,652
16,737
Creditors: amounts falling due within one year
(92,355)
(81,213)
Net current assets
308,275
282,564
Net assets
329,927
299,301
Called up share capital
100
100
Profit and loss account
329,827
299,201
Shareholders' funds
329,927
299,301
For the year ending 31 August 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 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 1 May 2018.
Mrs K Munton
Director
Company Registration No. 1906003
Airfield Warehousing Limited
Notes to the Accounts
for the year ended 31 August 2017
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.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 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:
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 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2016
89,314
62,991
152,305
At 31 August 2017
98,314
62,991
161,305
At 1 September 2016
87,327
48,241
135,568
Charge for the year
397
3,688
4,085
At 31 August 2017
87,724
51,929
139,653
At 31 August 2017
10,590
11,062
21,652
At 31 August 2016
1,987
14,750
16,737
Trade debtors
155,059
168,667
Amounts due from group undertakings etc.
245,571
195,110
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Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
22,255
-
Trade creditors
65,912
79,647
Taxes and social security
4,188
(151)
7
Share capital
2017
2016
Allotted, called up and fully paid:
200 Ordinary shares of £0.50 each
100
100
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Transactions with related parties
The Company is jointly controlled by the shareholders virtue of the controlling interest in the ultimate company, Greensprings Limited, a company incorporated in England.
10
Average number of employees
During the year the average number of employees was 6 (2016: 6).