Company Registration No. 02434745 (England and Wales)
J&R TAXIS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014
J&R TAXIS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
J&R TAXIS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,981
3,922
Current assets
Debtors
900
900
Cash at bank and in hand
770
2,147
1,670
3,047
Creditors: amounts falling due within one year
(3,953)
(6,618)
Net current liabilities
(2,283)
(3,571)
Total assets less current liabilities
698
351
Capital and reserves
Called up share capital
3
2
2
Revaluation reserve
(84)
Profit and loss account
696
433
Shareholders' funds
698
351
For the financial year ended 31 October 2014 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 30 January 2015
Mr Raymond Lee
Director
Company Registration No. 02434745
J&R TAXIS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 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 April 2008).
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
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% Reducing Balance
Computer equipment
15% Reducing Balance
Fixtures, fittings & equipment
15% Reducing Balance
Motor vehicles
15% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2013 & at 31 October 2014
11,781
Depreciation
At 1 November 2013
7,859
Charge for the year
941
At 31 October 2014
8,800
Net book value
At 31 October 2014
2,981
At 31 October 2013
3,922
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
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