Premier Cabs (White City) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05535387 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

PREMIER CABS (WHITE CITY) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G S Dhillon

REGISTERED OFFICE:

3 Sussex Place

Hammersmith

London

W6 9EA

REGISTERED NUMBER:

05535387 (England and Wales)

ACCOUNTANTS:

Param & Company Ltd

1st Floor

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

FIXED ASSETS

Tangible assets

3

299,260

387,177

Investments

4

-

-

299,260

387,177

CURRENT ASSETS

Debtors

599,415

539,415

Cash at bank and in hand

1,146

12,924

600,561

552,339

CREDITORS

Amounts falling due within one year

746,917

754,745

NET CURRENT LIABILITIES

(146,356

)

(202,406

)

TOTAL ASSETS LESS CURRENT LIABILITIES

152,904

184,771

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

151,904

183,771

SHAREHOLDERS' FUNDS

152,904

184,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 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 Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 December 2019 and were signed by:

G S Dhillon - Director

1.	STATUTORY INFORMATION

Premier Cabs (White City) 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

10% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

579,265

Disposals

(241,998

)

At 31 March 2019

337,267

DEPRECIATION

At 1 April 2018

192,088

Charge for year

16,572

Eliminated on disposal

(170,653

)

At 31 March 2019

38,007

NET BOOK VALUE

At 31 March 2019

299,260

At 31 March 2018

387,177

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2018

and 31 March 2019

15,000

PROVISIONS

At 1 April 2018

and 31 March 2019

15,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-