Registered Number 04147167

ULTIMATE AIR LIMITED

Abbreviated Accounts

28 February 2014

ULTIMATE AIR LIMITED Registered Number 04147167

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 39,698 25,408
39,698 25,408
Current assets
Stocks 104,858 121,966
Debtors 861,234 769,832
Cash at bank and in hand 417,482 289,178
1,383,574 1,180,976
Creditors: amounts falling due within one year (681,757) (590,533)
Net current assets (liabilities) 701,817 590,443
Total assets less current liabilities 741,515 615,851
Provisions for liabilities (7,757) (4,859)
Total net assets (liabilities) 733,758 610,992
Capital and reserves
Called up share capital 100 100
Profit and loss account 733,658 610,892
Shareholders' funds 733,758 610,992
  • For the year ending 28 February 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 November 2014

And signed on their behalf by:
J J Shoveller, Director

ULTIMATE AIR LIMITED Registered Number 04147167

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

2Tangible fixed assets
£
Cost
At 1 March 2013 50,103
Additions 24,215
Disposals -
Revaluations -
Transfers -
At 28 February 2014 74,318
Depreciation
At 1 March 2013 24,695
Charge for the year 9,925
On disposals -
At 28 February 2014 34,620
Net book values
At 28 February 2014 39,698
At 28 February 2013 25,408