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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 3 November 2016 to 31 December 2017 |
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for |
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Clarke Aviation Consultants Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 3 November 2016 to 31 December 2017 |
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for |
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Clarke Aviation Consultants Limited |
Clarke Aviation Consultants Limited (Registered number: 10460606) |
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Contents of the Financial Statements |
for the Period 3 November 2016 to 31 December 2017 |
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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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Chartered Accountants' Report | 5 |
Clarke Aviation Consultants Limited |
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Company Information |
for the Period 3 November 2016 to 31 December 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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5 Barnfield Crescent |
Exeter |
Devon |
EX1 1QT |
Clarke Aviation Consultants Limited (Registered number: 10460606) |
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Balance Sheet |
31 December 2017 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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 Board of Directors on
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Clarke Aviation Consultants Limited (Registered number: 10460606) |
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Notes to the Financial Statements |
for the Period 3 November 2016 to 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Clarke Aviation Consultants Limited is a
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The company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents commission received on insurance policies and is recognised when received. |
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Tangible fixed assets |
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Financial instruments |
(i) Financial assets |
Basic financial assets, including trade and other debtors are initially recognised at the transaction price and |
therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and |
doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated |
at cost less impairment losses for bad and doubtful debts. |
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Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are |
settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another |
party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has |
been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third |
party without imposing additional restrictions. |
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(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised |
at transaction price, unless the arrangement constitutes a financing transaction. |
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Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of |
business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If |
not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and |
subsequently measured at amortisation cost using the effective interest method. |
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Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is |
discharged, cancelled or expires. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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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Clarke Aviation Consultants Limited (Registered number: 10460606) |
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Notes to the Financial Statements - continued |
for the Period 3 November 2016 to 31 December 2017 |
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2. | ACCOUNTING POLICIES - continued |
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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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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At 31 December 2017 |
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DEPRECIATION |
Charge for period |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
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Other creditors |
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6. | RELATED PARTY DISCLOSURES |
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During the period, total dividends of £39,000 were paid to the directors . |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Clarke Aviation Consultants Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and |
the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Clarke Aviation Consultants Limited for the period ended 31 December 2017 which comprise the |
Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's |
accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Clarke Aviation Consultants Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clarke Aviation Consultants Limited and state those matters that we have agreed to state to the Board of Directors of Clarke Aviation Consultants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clarke Aviation Consultants Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Clarke Aviation Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clarke Aviation Consultants Limited. You consider that Clarke Aviation Consultants Limited is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of Clarke Aviation Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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5 Barnfield Crescent |
Exeter |
Devon |
EX1 1QT |
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