Company Registration No. 07838637 (England and Wales)
AEROTRON CONSUMABLE SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
AEROTRON CONSUMABLE SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AEROTRON CONSUMABLE SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Stocks
2,952,810
1,724,756
Debtors
383,000
351,547
Cash at bank and in hand
166,595
265,396
3,502,405
2,341,699
Creditors: amounts falling due within one year
(4,150,338)
(2,871,571)
Total assets less current liabilities
(647,933)
(529,872)
Capital and reserves
Called up share capital
2
3,333
3,333
Profit and loss account
(651,266)
(533,205)
Shareholders' funds
(647,933)
(529,872)
For the financial year ended 31 December 2015 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 year 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 30 September 2016
M P Westley
Director
Company Registration No. 07838637
AEROTRON CONSUMABLE SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
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 January 2015).
The company has the ongoing support of its directors and fellow
connected
companies in order that it can meet its working capital requirements for the forese
e
able future. For this reason the directors consider that the accounts should be prepared using the going concern basis.
1.2
Turnover
Turnover represents amounts receivable for aircraft parts net of VAT.
aircraft
parts
net of VAT.
1.3
Stock
Stock is valued at the lower of cost and net realisable value.
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
3,333 Ordinary shares of £1 each
3,333
3,333
3
Ultimate parent company
The company is under the control of the board of directors.