Registered Number 04147167

ULTIMATE AIR LIMITED

Abbreviated Accounts

28 February 2015

ULTIMATE AIR LIMITED Registered Number 04147167

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 33,954 39,698
33,954 39,698
Current assets
Stocks 104,858 104,858
Debtors 970,551 861,234
Cash at bank and in hand 602,120 417,482
1,677,529 1,383,574
Creditors: amounts falling due within one year (827,170) (681,757)
Net current assets (liabilities) 850,359 701,817
Total assets less current liabilities 884,313 741,515
Provisions for liabilities (6,641) (7,757)
Total net assets (liabilities) 877,672 733,758
Capital and reserves
Called up share capital 100 100
Profit and loss account 877,572 733,658
Shareholders' funds 877,672 733,758
  • For the year ending 28 February 2015 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 9 October 2015

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 2015

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 2014 74,318
Additions 2,744
Disposals -
Revaluations -
Transfers -
At 28 February 2015 77,062
Depreciation
At 1 March 2014 34,620
Charge for the year 8,488
On disposals -
At 28 February 2015 43,108
Net book values
At 28 February 2015 33,954
At 28 February 2014 39,698