REGISTERED NUMBER:
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XCLUSIVE JET CHARTER LTD |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2014 |
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REGISTERED NUMBER:
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XCLUSIVE JET CHARTER LTD |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2014 |
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XCLUSIVE JET CHARTER LTD (REGISTERED NUMBER: 04537615) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2014 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
XCLUSIVE JET CHARTER LTD (REGISTERED NUMBER: 04537615) |
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ABBREVIATED BALANCE SHEET |
31 OCTOBER 2014 |
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2014 | 2013 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Revaluation reserve |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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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. |
XCLUSIVE JET CHARTER LTD (REGISTERED NUMBER: 04537615) |
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ABBREVIATED BALANCE SHEET - continued |
31 OCTOBER 2014 |
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The financial statements were approved by the Board of Directors on
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XCLUSIVE JET CHARTER LTD (REGISTERED NUMBER: 04537615) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2014 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis. |
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The company has net current liabilities and is reliant on the continued support of Xclusive Jet Charter & |
Management Limited (a company under the control of S Loveridge and N Stewart). Xclusive Jet Charter & |
Management Limited has confirmed it's willingness to continue supporting the company. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
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Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right to |
consideration and is recorded at the value of the consideration due. |
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Where a contract has only been partially completed at the balance sheet date turnover represents the value of the |
service provided to date based on a proportion of the total expected consideration at completion. Where |
payments are received from customers in advance of services provided, the amounts are recorded as deferred |
income and included as part of creditors due within one year. |
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Intangible fixed assets |
Intangible fixed assets are the deemed value of the Aircraft Operators Certificate held by the company. This is |
not amortised as the license is granted each year. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
XCLUSIVE JET CHARTER LTD (REGISTERED NUMBER: 04537615) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2014 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 November 2013 |
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Revaluations |
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At 31 October 2014 |
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NET BOOK VALUE |
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At 31 October 2014 |
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At 31 October 2013 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 November 2013 |
and 31 October 2014 |
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DEPRECIATION |
At 1 November 2013 |
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Charge for year |
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At 31 October 2014 |
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NET BOOK VALUE |
At 31 October 2014 |
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At 31 October 2013 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £0.01 |
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