Allied Taxis (Preston) Limited - Abbreviated accounts 16.1

Allied Taxis (Preston) Limited - Abbreviated accounts 16.1

ALLIED TAXIS (PRESTON) LIMITED - Company Information

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REGISTERED NUMBER: 07147462 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

ALLIED TAXIS (PRESTON) LIMITED

ALLIED TAXIS (PRESTON) LIMITED (REGISTERED NUMBER: 07147462)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ALLIED TAXIS (PRESTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTOR: G M Malik





SECRETARY:





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





REGISTERED NUMBER: 07147462 (England and Wales)





ACCOUNTANTS: SKM Chartered Accountants
Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU
Page 1
ALLIED TAXIS (PRESTON) LIMITED (REGISTERED NUMBER: 07147462)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 4,055 5,069
Tangible assets 3 1,662 1,084
5,717 6,153

CURRENT ASSETS
Debtors 25,984 19,857
Cash at bank and in hand 12,859 4,703
38,843 24,560
CREDITORS
Amounts falling due within one year 13,812 14,714
NET CURRENT ASSETS 25,031 9,846
TOTAL ASSETS LESS CURRENT
LIABILITIES
30,748
15,999

PROVISIONS FOR LIABILITIES 114 182
NET ASSETS 30,634 15,817

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 30,534 15,717
SHAREHOLDERS' FUNDS 30,634 15,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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...
ALLIED TAXIS (PRESTON) LIMITED (REGISTERED NUMBER: 07147462)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015



The financial statements were approved by the director on 28 September 2016 and were signed by:





G M Malik - Director


The notes form part of these abbreviated accounts

Page 3
ALLIED TAXIS (PRESTON) LIMITED (REGISTERED NUMBER: 07147462)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 January 2015).

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

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 2015
and 31 December 2015 10,138
AMORTISATION
At 1 January 2015 5,069
Amortisation for year 1,014
At 31 December 2015 6,083
NET BOOK VALUE

At 31 December 2015 4,055
At 31 December 2014 5,069

Page 4 continued...
ALLIED TAXIS (PRESTON) LIMITED (REGISTERED NUMBER: 07147462)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 2,907
Additions 1,217
At 31 December 2015 4,124
DEPRECIATION
At 1 January 2015 1,823
Charge for year 639
At 31 December 2015 2,462
NET BOOK VALUE
At 31 December 2015 1,662
At 31 December 2014 1,084

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 5