Chris Morris Taxis Limited - Limited company - abbreviated - 11.6

Chris Morris Taxis Limited - Limited company - abbreviated - 11.6

CHRIS MORRIS TAXIS LIMITED - Company Information

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REGISTERED NUMBER: 08140226 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

CHRIS MORRIS TAXIS LIMITED

CHRIS MORRIS TAXIS LIMITED (REGISTERED NUMBER: 08140226)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CHRIS MORRIS TAXIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2014







DIRECTOR: Mr C D Morris





REGISTERED OFFICE: 12 Romney Place
Maidstone
Kent
ME15 6LE





REGISTERED NUMBER: 08140226 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
12 Romney Place
Maidstone
Kent
ME15 6LE
Page 1
CHRIS MORRIS TAXIS LIMITED (REGISTERED NUMBER: 08140226)

ABBREVIATED BALANCE SHEET
31 AUGUST 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 23,333 36,667
Tangible assets 3 677,445 378,761
700,778 415,428

CURRENT ASSETS
Debtors 16,255 16,429
Cash at bank 15,265 15,081
31,520 31,510
CREDITORS
Amounts falling due within one year 201,258 98,820
NET CURRENT LIABILITIES (169,738 ) (67,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
531,040
348,118

CREDITORS
Amounts falling due after more than one
year
517,792
337,129
NET ASSETS 13,248 10,989

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 13,247 10,988
SHAREHOLDERS' FUNDS 13,248 10,989

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 notes form part of these abbreviated accounts

Page 2 continued...
CHRIS MORRIS TAXIS LIMITED (REGISTERED NUMBER: 08140226)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2014


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 14 May 2015 and were signed by:





Mr C D Morris - Director


The notes form part of these abbreviated accounts

Page 3
CHRIS MORRIS TAXIS LIMITED (REGISTERED NUMBER: 08140226)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014


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 net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
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 - Over 15 years
Motor vehicles - 15% reducing balance
Computer equipment - 25% 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 September 2013
and 31 August 2014 40,000
AMORTISATION
At 1 September 2013 3,333
Amortisation for year 13,334
At 31 August 2014 16,667
NET BOOK VALUE

At 31 August 2014 23,333
At 31 August 2013 36,667

Page 4 continued...
CHRIS MORRIS TAXIS LIMITED (REGISTERED NUMBER: 08140226)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013 403,065
Additions 339,385
At 31 August 2014 742,450
DEPRECIATION
At 1 September 2013 24,304
Charge for year 40,701
At 31 August 2014 65,005
NET BOOK VALUE
At 31 August 2014 677,445
At 31 August 2013 378,761

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary £1 1 1

Page 5