Registered Number 08155499

GREEN AIR SOUTHWEST LTD

Abbreviated Accounts

31 March 2013

GREEN AIR SOUTHWEST LTD Registered Number 08155499

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013
£
Fixed assets
Tangible assets 2 1,963
1,963
Current assets
Debtors 99,046
Cash at bank and in hand 20,737
119,783
Creditors: amounts falling due within one year (128,871)
Net current assets (liabilities) (9,088)
Total assets less current liabilities (7,125)
Total net assets (liabilities) (7,125)
Capital and reserves
Called up share capital 3 100
Profit and loss account (7,225)
Shareholders' funds (7,125)
  • For the year ending 31 March 2013 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 19 December 2013

And signed on their behalf by:
R M Adams, Director

GREEN AIR SOUTHWEST LTD Registered Number 08155499

Notes to the Abbreviated Accounts for the period ended 31 March 2013

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
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their estimated useful economic life as follows:

Office equipment - 20% straight line

Other accounting policies
Going concern
The accounts disclose a loss for the period and a net deficit on the balance sheet of £7,125.

The accounts cover the initial start up period of trading. The company had a significant level of orders received at the year and since the year end the company's income and profits have increased substantially. Consequently these financial statements have been prepared on a going concern basis.

Deferred tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.

Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2 Tangible fixed assets
£
Cost
Additions 2,454
Disposals -
Revaluations -
Transfers -
At 31 March 2013 2,454
Depreciation
Charge for the year 491
On disposals -
At 31 March 2013 491
Net book values
At 31 March 2013 1,963
3 Called Up Share Capital
Allotted, called up and fully paid:
2013
£
100 Ordinary shares of £1 each 100

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. These shares were issued on incorporation.

4Transactions with directors

Name of director receiving advance or credit: R M Adams
Description of the transaction: Interest free loans
Balance at 24 July 2012: -
Advances or credits made: £ 12,661
Advances or credits repaid: -
Balance at 31 March 2013: £ 12,661


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