Company Registration No. 08174011 (England and Wales)
V1 AVIATION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
V1 AVIATION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
V1 AVIATION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Investments
13,452
10,725
Cash at bank and in hand
2,851
18,585
16,303
29,310
Creditors: amounts falling due within one year
(3,680)
(4,599)
Total assets less current liabilities
12,623
24,711
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
12,523
24,611
Shareholder's funds
12,623
24,711
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.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 21 September 2016
Mr J A Broomfield
Director
Company Registration No. 08174011
V1 AVIATION 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).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Investments
Current asset investments are stated at the lower of cost and net realisable value.
1.5
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 profit and loss account.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary of £1 each
100
100
3
Related party relationships and transactions
Loan to SinCarne Ltd

V1 Aviation Limited made a short-term loan of £11,200.00 to SinCarne Ltd in 2014. Mr Broomfield is a director of both companies.

 

 

 

 

Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
10,725
11,227
239
8,739
13,452
10,725
11,227
239
8,739
13,452
2015-12-312015-01-01falsetruetruetruetruetruetmpB6E4.html2016-09-23081740112015-01-012015-12-31081740112015-12-31081740112014-12-31081740112014-12-3108174011uk-bus:Director12015-01-012015-12-3108174011uk-bus:OrdinaryShareClass12015-01-012015-12-3108174011uk-bus:OrdinaryShareClass12015-12-3108174011uk-bus:OrdinaryShareClass12014-12-31xbrli:purexbrli:sharesiso4217:GBP

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.