Registered Number 04147167

ULTIMATE AIR LIMITED

Abbreviated Accounts

28 February 2016

ULTIMATE AIR LIMITED Registered Number 04147167

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 16,240 33,954
16,240 33,954
Current assets
Stocks 77,545 104,858
Debtors 736,190 970,551
Cash at bank and in hand 846,163 602,120
1,659,898 1,677,529
Creditors: amounts falling due within one year (646,498) (827,170)
Net current assets (liabilities) 1,013,400 850,359
Total assets less current liabilities 1,029,640 884,313
Provisions for liabilities (3,248) (6,641)
Total net assets (liabilities) 1,026,392 877,672
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,026,292 877,572
Shareholders' funds 1,026,392 877,672
  • For the year ending 28 February 2016 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 11 November 2016

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 2016

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 2015 77,062
Additions -
Disposals (26,667)
Revaluations -
Transfers -
At 28 February 2016 50,395
Depreciation
At 1 March 2015 43,108
Charge for the year 4,060
On disposals (13,013)
At 28 February 2016 34,155
Net book values
At 28 February 2016 16,240
At 28 February 2015 33,954