Abbreviated Company Accounts - K.O. TAXIS LTD

08054084 K.O. TAXIS LTD 2014-05-31 false 2013-06-01 2014-05-31 true 08054084 2013-06-01 2014-05-31 08054084 2014-05-31 08054084 2013-05-31 08054084 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 08054084 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 08054084

K.O. TAXIS LTD

Abbreviated Accounts

31 May 2014

K.O. TAXIS LTD Registered Number 08054084

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	41,197	51,496
		41,197	51,496
Current assets
Cash at bank and in hand		622	2,683
		622	2,683
Creditors: amounts falling due within one year		(39,636)	(47,868)
Net current assets (liabilities)		(39,014)	(45,185)
Total assets less current liabilities		2,183	6,311
Total net assets (liabilities)		2,183	6,311
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		2,182	6,310
Shareholders' funds		2,183	6,311

For the year ending 31 May 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 19 February 2015

And signed on their behalf by:
Kadik Oyak, Director

K.O. TAXIS LTD Registered Number 08054084

Notes to the Abbreviated Accounts for the period ended 31 May 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
Turnover represents the value, net of value added tax and discounts, of good provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write of the assets over their estimated useful lives.
Plant and machinery - 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2013	64,370
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	64,370
Depreciation
At 1 June 2013	12,874
Charge for the year	10,299
On disposals	-
At 31 May 2014	23,173
Net book values
At 31 May 2014	41,197
At 31 May 2013	51,496

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1