Bounds Taxis (Northampton) Limited - Abbreviated accounts 16.1
Bounds Taxis (Northampton) Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| For The Year Ended 30 November 2015 |
| for |
| Bounds Taxis (Northampton) Limited |
| Bounds Taxis (Northampton) Limited (Registered number: 01055744) |
| Contents of the Abbreviated Accounts |
| For The Year Ended 30 November 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Bounds Taxis (Northampton) Limited |
| Company Information |
| For The Year Ended 30 November 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Bounds Taxis (Northampton) Limited (Registered number: 01055744) |
| Abbreviated Balance Sheet |
| 30 November 2015 |
| 30/11/15 | 30/11/14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 5 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Bounds Taxis (Northampton) Limited (Registered number: 01055744) |
| Abbreviated Balance Sheet - continued |
| 30 November 2015 |
| The financial statements were approved by the director on |
| Bounds Taxis (Northampton) Limited (Registered number: 01055744) |
| Notes to the Abbreviated Accounts |
| For The Year Ended 30 November 2015 |
| 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 |
| The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added |
| Tax. |
| In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the |
| year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going |
| services is recognised by reference to the stage of completion. |
| Goodwill |
| Goodwill relates to the acquisition of businesses in 2011 and 2012 and are being amortised over their estimated useful |
| lives of ten years. Impairment reviews are undertaken at the end of each financial year and impairment losses are written |
| off to the profit and loss account to bring the value of the goodwill down to its estimated market value. |
| Tangible fixed assets |
| Freehold property | - |
| Leasehold Property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Office Equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay |
| less or to receive more tax, with the following exceptions: Deferred tax assets are recognised only to the extent that the |
| directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal |
| of the underlying timing differences can be deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the |
| timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
| Operating lease agreements |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor |
| are charged against profits on a straight line basis over the period of the lease. |
| Bounds Taxis (Northampton) Limited (Registered number: 01055744) |
| Notes to the Abbreviated Accounts - continued |
| For The Year Ended 30 November 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2014 |
| and 30 November 2015 |
| AMORTISATION |
| At 1 December 2014 |
| Amortisation for year |
| At 30 November 2015 |
| NET BOOK VALUE |
| At 30 November 2015 |
| At 30 November 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2014 |
| Additions |
| Disposals | ( |
) |
| At 30 November 2015 |
| DEPRECIATION |
| At 1 December 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 November 2015 |
| NET BOOK VALUE |
| At 30 November 2015 |
| At 30 November 2014 |
| Bounds Taxis (Northampton) Limited (Registered number: 01055744) |
| Notes to the Abbreviated Accounts - continued |
| For The Year Ended 30 November 2015 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| Additions | 696,791 |
| At 30 November 2015 | 696,791 |
| NET BOOK VALUE |
| At 30 November 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £1 | 100.00 |
| £ |
| Aggregate capital and reserves | 109,080 |
| Profit for the year | 61,863 |
| 5. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 30/11/15 | 30/11/14 |
| £ | £ |
| Repayable by instalments | 72,480 | 81,113 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30/11/15 | 30/11/14 |
| value: | £ | £ |
| Ordinary | £1 |
| 7. | ULTIMATE PARENT COMPANY |