Abbreviated Company Accounts - 247LOCALTAXIS.CO.UK LIMITED

247LOCALTAXIS.CO.UK LIMITED - Company Information

Registered Number 08297657

247LOCALTAXIS.CO.UK LIMITED

Abbreviated Accounts

31 December 2015

247LOCALTAXIS.CO.UK LIMITED Registered Number 08297657

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	16,077	9,096
		16,077	9,096
Current assets
Debtors		3,956	3,128
Cash at bank and in hand		1,731	672
		5,687	3,800
Creditors: amounts falling due within one year		(1,648)	(1,478)
Net current assets (liabilities)		4,039	2,322
Total assets less current liabilities		20,116	11,418
Creditors: amounts falling due after more than one year		(4,889)	(692)
Total net assets (liabilities)		15,227	10,726
Capital and reserves
Called up share capital		100	100
Profit and loss account		15,127	10,626
Shareholders' funds		15,227	10,726

For the year ending 31 December 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 21 September 2016

And signed on their behalf by:
Mr K S Nijjar, Director

247LOCALTAXIS.CO.UK LIMITED Registered Number 08297657

Notes to the Abbreviated Accounts for the period ended 31 December 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
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% on reducing balance
Computer Equipment 20% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2015	12,400
Additions	11,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	23,400
Depreciation
At 1 January 2015	3,304
Charge for the year	4,019
On disposals	-
At 31 December 2015	7,323
Net book values
At 31 December 2015	16,077
At 31 December 2014	9,096