Company Registration No. 06855411 (England and Wales)
CAMAIR FREIGHT SOLUTIONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2014
Evolution Business and Tax Advisors LLP
Wynyard Park House
Wynyard Avenue
Wynyard
TS22 5TB
CAMAIR FREIGHT SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
CAMAIR FREIGHT SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
52,555
59,125
Tangible assets
2
9,223
8,012
61,778
67,137
Current assets
Debtors
306,998
363,476
Cash at bank and in hand
83,080
59,967
390,078
423,443
Creditors: amounts falling due within one year
3
(277,013)
(331,784)
Net current assets
113,065
91,659
Total assets less current liabilities
174,843
158,796
Creditors: amounts falling due after more than one year
4
(144,373)
(144,373)
30,470
14,423
Capital and reserves
Called up share capital
5
1
1
Profit and loss account
30,469
14,422
Shareholders' funds
30,470
14,423
CAMAIR FREIGHT SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2014
31 December 2014
- 2 -
For the financial period ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 August 2015
Mr M Shakesheff
Director
Company Registration No. 06855411
CAMAIR FREIGHT SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
3 to 10 years
Motor vehicles
4 years
1.6
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
CAMAIR FREIGHT SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2014
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2014
112,623
100,266
212,889
Additions
-
4,933
4,933
At 31 December 2014
112,623
105,199
217,822
Depreciation
At 1 June 2014
53,498
92,254
145,752
Charge for the period
6,570
3,722
10,292
At 31 December 2014
60,068
95,976
156,044
Net book value
At 31 December 2014
52,555
9,223
61,778
At 31 May 2014
59,125
8,012
67,137
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £24,619 (2014 - £9,622).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £144,373 (2014 - £144,373).
5
Share capital
2014
2014
£
£
Allotted, called up and fully paid
1 ordinary share of £1 each
1
1