AB Cabs (Contracts) Ltd - Limited company - abbreviated - 11.0.0

AB Cabs (Contracts) Ltd - Limited company - abbreviated - 11.0.0

AB CABS (CONTRACTS) LIMITED - Company Information

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REGISTERED NUMBER: 06865210 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

AB CABS (CONTRACTS) LTD

AB CABS (CONTRACTS) LTD (REGISTERED NUMBER: 06865210)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

AB CABS (CONTRACTS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2013







DIRECTOR: U Musa





SECRETARY: U I Musa





REGISTERED OFFICE: Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU





REGISTERED NUMBER: 06865210 (England and Wales)





ACCOUNTANTS: SKM Chartered Accountants
Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU
Page 1
AB CABS (CONTRACTS) LTD (REGISTERED NUMBER: 06865210)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 4,050 4,725
Tangible assets 3 5,356 3,979
9,406 8,704

CURRENT ASSETS
Stocks 936 48,310
Debtors 32,895 5,293
Cash at bank and in hand 47,272 39,882
81,103 93,485
CREDITORS
Amounts falling due within one year 69,021 78,271
NET CURRENT ASSETS 12,082 15,214
TOTAL ASSETS LESS CURRENT
LIABILITIES
21,488
23,918

PROVISIONS FOR LIABILITIES 1,002 712
NET ASSETS 20,486 23,206

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 20,484 23,204
SHAREHOLDERS' FUNDS 20,486 23,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 notes form part of these abbreviated accounts

Page 2 continued...
AB CABS (CONTRACTS) LTD (REGISTERED NUMBER: 06865210)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2013



The financial statements were approved by the director on 26 September 2014 and were signed by:





U Musa - Director


The notes form part of these abbreviated accounts

Page 3
AB CABS (CONTRACTS) LTD (REGISTERED NUMBER: 06865210)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013

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 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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 2013
and 31 December 2013 6,750
AMORTISATION
At 1 January 2013 2,025
Amortisation for year 675
At 31 December 2013 2,700
NET BOOK VALUE

At 31 December 2013 4,050
At 31 December 2012 4,725

Page 4 continued...
AB CABS (CONTRACTS) LTD (REGISTERED NUMBER: 06865210)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 8,690
Additions 3,120
At 31 December 2013 11,810
DEPRECIATION
At 1 January 2013 4,711
Charge for year 1,743
At 31 December 2013 6,454
NET BOOK VALUE
At 31 December 2013 5,356
At 31 December 2012 3,979

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
2 Ordinary share capital £1 2 2

Page 5