CITY_TRANSPORT_(NEWCASTLE - Accounts
CITY_TRANSPORT_(NEWCASTLE - Accounts
Company Registration No. 02978219 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(50,802 )
(53,281 )
Net current assets
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 17 May 2016
Director
Company Registration No. 02978219
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The company has cash resources and no requirement for external funding.
The directors have a reasonable expectation that the company has adequate cash resources to continue in operational existence for the foreseeable future. Consequently, they consider the going concern basis of accounting is appropriate in preparing the financial statements.
The directors have a reasonable expectation that the company has adequate cash resources to continue in operational existence for the foreseeable future. Consequently, they consider the going concern basis of accounting is appropriate in preparing the financial statements.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Motor vehicles
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
67,050
Disposals
(21,860)
At 31 October 2015
45,190
Depreciation
At 1 November 2014
50,925
On disposals
(21,860)
Charge for the year
4,500
At 31 October 2015
33,565
Net book value
At 31 October 2015
11,625
At 31 October 2014
16,125
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid