Allied Taxis (Preston) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07147462 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

ALLIED TAXIS (PRESTON) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G M Malik

SECRETARY:

REGISTERED OFFICE:

Pegasus House

5 Winckley Court

Mount Street

Preston

Lancashire

PR1 8BU

REGISTERED NUMBER:

07147462 (England and Wales)

ACCOUNTANTS:

SKM Chartered Accountants

Pegasus House

5 Winckley Court

Mount Street

Preston

Lancashire

PR1 8BU

FIXED ASSETS

Intangible assets

2

5,069

6,083

Tangible assets

3

1,084

1,525

6,153

7,608

CURRENT ASSETS

Debtors

19,857

9,715

Cash at bank and in hand

4,703

1,947

24,560

11,662

CREDITORS

Amounts falling due within one year

14,714

11,297

NET CURRENT ASSETS

9,846

365

TOTAL ASSETS LESS CURRENT LIABILITIES

15,999

7,973

PROVISIONS FOR LIABILITIES

182

262

NET ASSETS

15,817

7,711

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

15,717

7,611

SHAREHOLDERS' FUNDS

15,817

7,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 4 August 2015 and were signed by:

G M Malik - 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 net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

10,138

AMORTISATION

At 1 January 2014

4,055

Amortisation for year

1,014

At 31 December 2014

5,069

NET BOOK VALUE

At 31 December 2014

5,069

At 31 December 2013

6,083

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

2,907

DEPRECIATION

At 1 January 2014

1,382

Charge for year

441

At 31 December 2014

1,823

NET BOOK VALUE

At 31 December 2014

1,084

At 31 December 2013

1,525

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100