001 Taxi Limited,Ltd - Accounts

001 TAXI LIMITED - Company Information

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001 Taxi Limited

For the period ended 31 July 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 09122628

Contents Page

001 Taxi Limited

For the period ended 31 July 2015

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

001 Taxi Limited

As at 31 July 2015

09122628

Registered Number :

2015

Notes

Fixed assets

Tangible assets

84,121

Current assets

Cash at bank and in hand

455

Creditors: amounts falling due within one year

(105,412)

(104,957)

Net current liabilities

Total assets less current liabilities

(20,836)

Creditors: amounts falling due after more than one year

(18,940)

(39,776)

Net assets/liabilities

Capital and reserves

Called up share capital

300

Profit and loss account

(40,076)

(39,776)

Shareholders funds

For the period ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 16 March 2016

Mohammed Younas Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

For the period ended 31 July 2015

001 Taxi Limited

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Office Equipment

15% Reducing balance

Motor Vehicles

20% Reducing balance

Tools & Car Radios

15% Reducing balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and

rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets

and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

103,569

Additions

At 31 July 2015

103,569

Depreciation

19,448

Charge for period

19,448

At 31 July 2015

Net book values

At 31 July 2015

84,121

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Notes to the Abbreviated Financial Statements

For the period ended 31 July 2015

001 Taxi Limited

3 Share capital

Authorised

300 Class A shares of £1.00 each

Allotted called up and fully paid

2015

300 Class A shares of £1.00 each

300

300 Class A £1.00 shares have been issued during the period at par for a cash consideration of £0.

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