Company Registration No. 10060551 (England and Wales)
AEROLANCE LIMITED
Unaudited accounts
for the year ended 31 March 2019
AEROLANCE LIMITED
Unaudited accounts
Contents
AEROLANCE LIMITED
Company Information
for the year ended 31 March 2019
Company Number
10060551 (England and Wales)
Registered Office
374 Hartshill Road
Stoke On Trent
Staffordshire
ST4 7NX
UK
Accountants
City Tax Shop Limited
8 Ridge House Drive
Festival Park
Stoke-on-Trent
Staffs
ST1 5SJ
AEROLANCE LIMITED
Statement of financial position
as at
31 March 2019
Cash at bank and in hand
620
356
Creditors: amounts falling due within one year
(947)
(4,262)
Net current liabilities
(327)
(3,906)
Net assets/(liabilities)
3,470
(3,906)
Called up share capital
1
1
Profit and loss account
3,469
(3,907)
Shareholders' funds
3,470
(3,906)
For the year ending 31 March 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 his 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 16 January 2020.
Allan Fronda
Director
Company Registration No. 10060551
AEROLANCE LIMITED
Notes to the Accounts
for the year ended 31 March 2019
AEROLANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10060551. The registered office is 374 Hartshill Road, Stoke On Trent, Staffordshire, ST4 7NX, UK.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
15% per annum on reducing balance
Computer equipment
33% per annum on reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
3,875
751
4,626
At 31 March 2019
3,875
751
4,626
Charge for the year
581
248
829
At 31 March 2019
581
248
829
At 31 March 2019
3,294
503
3,797
AEROLANCE LIMITED
Notes to the Accounts
for the year ended 31 March 2019
5
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
664
821
Loans from directors
233
3,391
6
Share capital
2019
2018
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2018: 1).