Company Registration No. SC567198 (Scotland)
TFL Aeromech Ltd
Unaudited accounts
for the year ended 31 May 2019
TFL Aeromech Ltd
Unaudited accounts
Contents
TFL Aeromech Ltd
Company Information
for the year ended 31 May 2019
Company Number
SC567198 (Scotland)
Registered Office
34 NEWMARKET STREET
AYR
KA7 1LP
SCOTLAND
Accountants
McKinnon & Co Ltd ACPA
34 Newmarket Street
Ayr
Ayrshire
KA7 1LP
TFL Aeromech Ltd
Statement of financial position
as at
31 May 2019
Cash at bank and in hand
5,018
2,375
Creditors: amounts falling due within one year
(12,546)
(1,843)
Net current (liabilities)/assets
(6,994)
532
Total assets less current liabilities
5,006
532
Creditors: amounts falling due after more than one year
(4,063)
-
Called up share capital
1
1
Profit and loss account
942
531
Shareholders' funds
943
532
For the year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 February 2020.
Wendy Bevan
Director
Company Registration No. SC567198
TFL Aeromech Ltd
Notes to the Accounts
for the year ended 31 May 2019
TFL Aeromech Ltd is a private company, limited by shares, registered in Scotland, registration number SC567198. The registered office is 34 NEWMARKET STREET, AYR, KA7 1LP, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing after first year
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
TFL Aeromech Ltd
Notes to the Accounts
for the year ended 31 May 2019
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
1,935
125
Loans from directors
10,211
818
7
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
4,063
-
8
Average number of employees
During the year the average number of employees was 0 (2018: 0).