Argent Chauffeur Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04461790 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2014

for

Argent Chauffeur Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G P Argent

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

04461790 (England and Wales)

ACCOUNTANTS:

P Willson & Co

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

9,564

12,719

9,564

12,719

CURRENT ASSETS

Debtors

10,270

10,767

Cash at bank

11,771

3,181

22,041

13,948

CREDITORS

Amounts falling due within one year

31,633

24,465

NET CURRENT LIABILITIES

(9,592

)

(10,517

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28

)

2,202

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(30

)

2,200

SHAREHOLDERS' FUNDS

(28

)

2,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 February 2015 and were signed by:

G P Argent - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the total invoice value, including value added tax, of fees made during the period. The VAT

due under the flat rate scheme is shown separately in the profit and loss account.

Goodwill

Goodwill, being the amount paid in connection the the acquisition of a business in 2002, has been fully amortised

over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% / 30% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

6,250

AMORTISATION

At 1 August 2013

and 31 July 2014

6,250

NET BOOK VALUE

At 31 July 2014

-

At 31 July 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

31,527

DEPRECIATION

At 1 August 2013

18,808

Charge for year

3,155

At 31 July 2014

21,963

NET BOOK VALUE

At 31 July 2014

9,564

At 31 July 2013

12,719

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

2

Ordinary

£1

2

2