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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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12 FEBRUARY 2016 TO 31 MARCH 2017 |
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FOR |
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AIR MARKETING GROUP LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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12 FEBRUARY 2016 TO 31 MARCH 2017 |
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FOR |
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AIR MARKETING GROUP LIMITED |
AIR MARKETING GROUP LIMITED (REGISTERED NUMBER: 10002410) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12 FEBRUARY 2016 TO 31 MARCH 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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AIR MARKETING GROUP LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 12 FEBRUARY 2016 TO 31 MARCH 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2 Barnfield Crescent |
Exeter |
Devon |
EX1 1QT |
AIR MARKETING GROUP LIMITED (REGISTERED NUMBER: 10002410) |
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BALANCE SHEET |
31 MARCH 2017 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit & Loss has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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AIR MARKETING GROUP LIMITED (REGISTERED NUMBER: 10002410) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12 FEBRUARY 2016 TO 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Air Marketing Group Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | 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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Tangible fixed assets |
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Plant and machinery etc | - |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the period end and that |
are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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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 |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
AIR MARKETING GROUP LIMITED (REGISTERED NUMBER: 10002410) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 12 FEBRUARY 2016 TO 31 MARCH 2017 |
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3. | ACCOUNTING POLICIES - continued |
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Deferred income |
Telemarketing services |
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Telemarketing time paid for in advance is carried forward in deferred income until it is used, at which |
point it is recognised in turnover. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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At 31 March 2017 |
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DEPRECIATION |
Charge for period |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Other debtors |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other loans |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Net wages | (220 | ) |
VAT | 1,743 |
Directors' current accounts | 62 |
Deferred income |
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Accruals |
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AIR MARKETING GROUP LIMITED (REGISTERED NUMBER: 10002410) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 12 FEBRUARY 2016 TO 31 MARCH 2017 |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
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Within one year |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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£ |
Start up loan | 15,808 |
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Forrest Marketing Group PTY Ltd has a floating charge over all the property and undertakings of the |
company whilst their loan is still outstanding. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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A ordinary | 1 | 70 |
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B ordinary | 1 | 30 |
100 |
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The following shares were allotted and fully paid for cash at par during the period: |
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11. | RESERVES |
Retained |
earnings |
£ |
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Profit for the period |
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At 31 March 2017 |
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