Taxlab Limited

true true 1 January 2015 31 December 2015 31 December 2015 true false SC313001 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC313001 2014-12-31 SC313001 2015-12-31 SC313001 2015-01-01 2015-12-31 SC313001 uk-gaap:RestatedAmount 2014-12-31 SC313001 uk-gaap:RestatedAmount 2015-12-31 SC313001 uk-gaap:NetGoodwill 2014-12-31 SC313001 uk-gaap:NetGoodwill 2015-12-31 SC313001 uk-gaap:NetGoodwill 2015-01-01 2015-12-31 SC313001 uk-gaap:OtherIntangibleFixedAssets 2015-01-01 2015-12-31 SC313001 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-12-31 SC313001 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-12-31 SC313001 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-01-01 2015-12-31 SC313001 uk-gaap:DevelopmentCosts 2014-12-31 SC313001 uk-gaap:DevelopmentCosts 2015-12-31 SC313001 uk-gaap:DevelopmentCosts 2015-01-01 2015-12-31 SC313001 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-12-31 SC313001 uk-gaap:LandBuildings 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Registered number: SC313001

Taxlab Limited

Abbreviated accounts

For The Year Ended 31 December 2015

Taxlab Limited

Company No. SC313001

Abbreviated Balance Sheet 31 December 2015

Abbreviated Balance Sheet

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	2		10,200		11,900
Tangible Assets	3		3,037		2,697

			13,237		14,597
CURRENT ASSETS
Debtors		16,569		14,735
Cash at bank and in hand		23,181		21,866

		39,750		36,601
Creditors: Amounts Falling Due Within One Year		(13,242)		(13,923)

NET CURRENT ASSETS (LIABILITIES)			26,508		22,678

TOTAL ASSETS LESS CURRENT LIABILITIES			39,745		37,275

NET ASSETS			39,745		37,275

CAPITAL AND RESERVES
Called up share capital	4		1		1
Profit and Loss Account			39,744		37,274

SHAREHOLDERS' FUNDS			39,745		37,275

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Taxlab Limited

Company No. SC313001

Abbreviated Balance Sheet (continued) 31 December 2015

For the year ending 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Intekhab Ahmed

30/09/2016

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Taxlab Limited

Notes to the Abbreviated Accounts

For The Year Ended 31 December 2015

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Fee income represents amounts recoverable from clients for professional services provided during the year. It is measured at the fair value of consideration received or receivable on each client assignment, including expenses and disbursements and excluding Value Added Tax. Fee income is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow.

Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

Tangible Fixed Assets and Depreciation

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:

Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, 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 taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Intangible Assets


	Total
Cost	£
As at 1 January 2015	17,000

As at 31 December 2015	17,000

Amortisation
As at 1 January 2015	5,100
Provided during the period	1,700

As at 31 December 2015	6,800

Net Book Value
As at 31 December 2015	10,200

As at 1 January 2015	11,900

Intangible assets relate to purchased goodwill.

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Taxlab Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 December 2015

Tangible Assets


	Total
Cost	£
As at 1 January 2015	6,819
Additions	2,170

As at 31 December 2015	8,989

Depreciation
As at 1 January 2015	4,122
Provided during the period	1,830

As at 31 December 2015	5,952

Net Book Value
As at 31 December 2015	3,037

As at 1 January 2015	2,697

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1	1	1

Transactions With and Loans to Directors

Dividends paid to directors

Ultimate Controlling Party

The company's ultimate controlling party is director by virtue of his ownership of 100% of the issued share capital in the company.

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