Registration number:
North Point Aviation Limited
Unaudited Filleted Accounts
for the Period from 2 July 2019 to 31 October 2020
North Point Aviation Limited
(Registration number: 12080596)
Balance Sheet as at 31 October 2020
Note |
2020 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
2 |
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Profit and loss account |
189,790 |
|
Shareholders' funds |
189,792 |
For the financial period ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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North Point Aviation Limited
Notes to the Unaudited Financial Statements for the Period from 2 July 2019 to 31 October 2020
General information |
The address of its registered office is:
The company is a private company limited by share capital, incorporated in England & Wales. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Income recognition
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Foreign currency transactions and balances
Deferred tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Financial instruments
North Point Aviation Limited
Notes to the Unaudited Financial Statements for the Period from 2 July 2019 to 31 October 2020
Staff numbers |
The average number of persons employed by the company, including directors, during the period was
Debtors |
2020 |
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Trade debtors |
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Creditors |
Due within one year
2020 |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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