Abbreviated Company Accounts - MID SUFFOLK TAXIS LIMITED

MID SUFFOLK TAXIS LIMITED - Company Information

Registered Number 05030449

MID SUFFOLK TAXIS LIMITED

Abbreviated Accounts

31 January 2015

MID SUFFOLK TAXIS LIMITED Registered Number 05030449

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	6,891	388
		6,891	388
Current assets
Cash at bank and in hand		399	486
		399	486
Creditors: amounts falling due within one year		(4,000)	(620)
Net current assets (liabilities)		(3,601)	(134)
Total assets less current liabilities		3,290	254
Creditors: amounts falling due after more than one year		(4,234)	-
Accruals and deferred income		(296)	-
Total net assets (liabilities)		(1,240)	254
Capital and reserves
Called up share capital		100	100
Profit and loss account		(1,340)	154
Shareholders' funds		(1,240)	254

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 August 2015

And signed on their behalf by:
Kevin Smith, Director

MID SUFFOLK TAXIS LIMITED Registered Number 05030449

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover is derived from taxi services.

Tangible assets depreciation policy
The fixed assets are depreciated at 25% on a reducing balance

Other accounting policies
Theultimate controlling party is Kevin smith who holds 100% of the issued share capital.

2Tangible fixed assets

	£
Cost
At 1 February 2014	842
Additions	8,800
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	9,642
Depreciation
At 1 February 2014	454
Charge for the year	2,297
On disposals	-
At 31 January 2015	2,751
Net book values
At 31 January 2015	6,891
At 31 January 2014	388

The fixed assets comprisea taxi and office equipment