Registered Number 05443452
JETEX FLIGHT SUPPORT LIMITED
Abbreviated Accounts
31 May 2014
Notes | 2014 | 2013 | |
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€ | € | ||
Fixed assets | |||
Investments | 2 |
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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 |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Intangible assets amortisation policy
Other accounting policies
The financial statements are prepared in the functional currency of the company, which is Euro. Monetary assets and liabilities denominated in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the average rate for the period. All differences are taken to profit and loss account.
2
Fixed assets Investments
Provision for diminution in value at 1.6.2013 and 31.5.2014. € 3,825,771
Net book value at 31.5.2014 and 31.5.2013. € 2,174,229
The company holds more than 20% of the share capital of
Square One Aviation, incorporated in France, being 100% of the ordinary share capital.
The principal activity of Square One Aviation is Aviation Services and the capital and reserves and results for the last relevant financial year were:
Capital and reserves - € 2,021,356
Profit - €62,837