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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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FALKONAIR LTD |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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FOR |
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FALKONAIR LTD |
FALKONAIR LTD (REGISTERED NUMBER: 06740882) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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FALKONAIR LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Old Bakehouse |
Dove Walk |
Uttoxeter |
Staffordshire |
ST14 8EH |
FALKONAIR LTD (REGISTERED NUMBER: 06740882) |
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BALANCE SHEET |
30 NOVEMBER 2019 |
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30.11.18 | 30.11.19 |
£ | Notes | £ |
FIXED ASSETS |
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Tangible assets | 4 |
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CURRENT ASSETS |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
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) | Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
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Amounts falling due after more than one
year |
7 |
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) | PROVISIONS FOR LIABILITIES | 8 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
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Called up share capital | 9 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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FALKONAIR LTD (REGISTERED NUMBER: 06740882) |
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BALANCE SHEET - continued |
30 NOVEMBER 2019 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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FALKONAIR LTD (REGISTERED NUMBER: 06740882) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Falkonair Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done |
in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and |
contracts for on-going services is recognised by reference to the stage of completion. |
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Tangible fixed assets |
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Storage shed | - |
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Tools & equipment | - |
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Office equipment | - |
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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 profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 -
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FALKONAIR LTD (REGISTERED NUMBER: 06740882) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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4. | TANGIBLE FIXED ASSETS |
Storage | Tools & | Office |
Totals | shed | equipment | equipment |
£ | £ | £ | £ |
COST |
At 1 December 2018 |
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Additions |
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At 30 November 2019 |
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DEPRECIATION |
At 1 December 2018 |
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Charge for year |
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At 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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At 30 November 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.19 | 30.11.18 |
£ | £ |
Trade debtors |
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Other debtors - InterCompany |
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VAT |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.19 | 30.11.18 |
£ | £ |
Other loans |
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Hire purchase contracts |
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Trade creditors |
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Tax |
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VAT | - | 11,184 |
Funding Circle Loan | 90,000 | - |
Directors' current accounts | 6,706 | 30,667 |
Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.11.19 | 30.11.18 |
£ | £ |
Hire purchase contracts |
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8. | PROVISIONS FOR LIABILITIES |
30.11.19 | 30.11.18 |
£ | £ |
Deferred tax | 304 | 813 |
FALKONAIR LTD (REGISTERED NUMBER: 06740882) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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8. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1 December 2018 |
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Deferred tax movement | (509 | ) |
Balance at 30 November 2019 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.19 | 30.11.18 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |