Gazulu Taxi Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10515263 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

GAZULU TAXI LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Benson

Mr J W Linton

Mr S Beckman

Mr S Cunningham

REGISTERED OFFICE:

6 Dalkeith Street

Barrow in Furness

Cumbria

LA14 1SP

REGISTERED NUMBER:

10515263 (England and Wales)

BANKERS:

Lloyds Bank plc

121-135 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1HZ

FIXED ASSETS

Intangible assets

4

2,638

3,538

Tangible assets

5

32,619

37,361

35,257

40,899

CURRENT ASSETS

Stocks

6,000

6,000

Debtors

521

-

Cash at bank

696

1

7,217

6,001

CREDITORS

Amounts falling due within one year

64,671

47,379

NET CURRENT LIABILITIES

(57,454

)

(41,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,197

)

(479

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

(22,198

)

(480

)

SHAREHOLDERS' FUNDS

(22,197

)

(479

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Profit and Loss Account and an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 16 December 2019 and were signed on its behalf by:

Mr G Benson - Director

Mr J W Linton - Director

Mr S Cunningham - Director

Mr S Beckman - Director

1.	STATUTORY INFORMATION

Gazulu Taxi Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis the director having agreed to continue to

support the company.

Turnover

Turnover represents net invoiced sales of services, excluding VAT.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their 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.

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

and 31 December 2018

4,500

AMORTISATION

At 1 January 2018

962

Amortisation for year

900

At 31 December 2018

1,862

NET BOOK VALUE

At 31 December 2018

2,638

At 31 December 2017

3,538

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

47,516

Additions

7,104

At 31 December 2018

54,620

DEPRECIATION

At 1 January 2018

10,155

Charge for year

11,846

At 31 December 2018

22,001

NET BOOK VALUE

At 31 December 2018

32,619

At 31 December 2017

37,361

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

1

Ordinary

£1

1

1

7.	RELATED PARTY DISCLOSURES

At 31st December 2018, Mr G Benson, a director of the company, had on an unsecured interest free basis

advanced £45,694 to the company.

(Prior year £45,190)

At 31st December 2018, Mr J Linton, a director of the company, had on an unsecured interest free basis

advanced £11,000 to the company.

(Prior year £Nil)